Coonie Minnie's statement of the auctioneer starting high then dropping way down to get the first bid is worth repeating for someone not familiar with the way auctions work. This is also why I am hardly ever the first bidder on an item unless the auctioneer has dropped truly low and still hasn't gotten a bid. For an auction novice it would always be safer to let the bidding begin before jumping in. Once you start bidding you should bid decisively right up to your set maximum then say "nope" and walk away. Hesitant bidding could send a message to your opponent(s) that you're getting uncomfortable with the dollars and are getting cold feet. This might encourage them to keep going past their set maximum in the hopes you bow out the next time around. The auctioneer wants people to violate their set maximums (thus increasing the selling price) and will work hard at trying to convince you to keep going once you say no. If you physically disengage from the bidding once throwing in the towel it eliminates the opportunity for the auctioneer to keep working on you for another bid that is past your limit.
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Today's Featured Article - Museum Coverage: The Stuttgart Agricultural Museum - by Cindy Ladage. While cold wind was blowing back in Illinois, in Arkansas, daffodils were in bloom, and the Magnolia trees were adorned with fragrant blossoms. Stuttgart, Arkansas was the site of this year's winter Minneapolis Moline Collector's show February 25-27, 1999. The show was held at the Oliver Museum created by Don Oliver, the pioneer of the four wheel drive tractor. Oliver along with Gale Stroh and Kenneth Bull using Minneapolis Moline tractors and parts created what has become known as
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