Not always the same person/owner carting the stuff around for a $10 profit.
There used to be a big auction house across the road from my old shop.
They did a lot of bankruptcy and liquidation type sales, half of the sales were industrial and the other half were office equipment.
Most of the sales were held mid week so typically there was two completely different crowds of buyers that would show up depending on what kind of sale was being held.
There were always a few items in each sale that were of no interest to the crowd present but knowing the value was there if the right buyers were attending it was a no brainer.
I would have a quick look at what was in the sale the day before the auction and leave absentee bids on anything decent that was out of the scope of interest for the expected crowd.
More times than not my lowball bids were successful.
I would pay for what I bought and without ever having to move it I would consign it for the next sale that would have the right crowd of buyers present.
The auction owner did not at all mind collecting commission twice on the same item and I made a tidy profit at the same time.
I have known a few guys that work at auctions that do basically the same thing, they know how much most items will bring and if something is going real cheap they jump on it and consign elsewhere.
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Today's Featured Article - More Memories of a Field Service Engineer - by Brian Dye. Introduction: The author worked for one of the largest Ford tractor dealerships in England as a trouble-shooter on tractor engines, hydraulics and combine harvesters from 1963 to 1972. In 1972 he became a dealer manager and finally left the dealer net in 1975 to run his own electronic design and manufacturing company. [Editor] We live right in the middle of Norfolk. The dealership that I worked for sold Fordson Tractors from the 1920's and some of t
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