Posted by gtractorfan on March 29, 2015 at 18:13:51 from (71.66.229.3):
In Reply to: Bidding at Auctions posted by Banditfarmer on March 29, 2015 at 17:09:25:
I've bought a few things on eBay if you can call that an auction. The last was a rather large ticket item and a strange experience. There was a minimum opening bid and a week or so left in the auction. I offered the minimum and the eBay service asked what is your maximum bid. Nothing new there. I placed my maximum at $500 more than the minimum. What was STRANGE was, checking back, any other bidder wanting to bid had to exceed my maximum offer, rather than getting to raise the bid in increments to my maximum. No one offered that so I got it for the minimum. I don't know if the seller wanted to sell for his minimum price but I'll bet he could have got more- I'm happy if he is.
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Today's Featured Article - What Price Enthusiasm? - by Anthony West. Quite frankly, for some time now restorers like myself have become more and more concerned about the rapid increase in the prices of old farm machines here in England. There is now a growing market for "As found" machines. Which as machines get rarer, has found the birth of a new industry....one of the "procurement agent". These agents appropriate as much old machinery as possible then inflate prices at auctions. So at what price enthiusiasm? We are now seeing poor machines which 3 years ago ma
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