Another twist on the bidding is when the consigner raises the bid hoping that the current bidder will bid again. When that does not happen the auctioneer will say sold to the consigner who then says that he did not bid and then the auctioneer will strike the item on the last bidder.
If the auctioneer is caught with an item when no one raises the ghost bidder then the owner, consigner still has the item, not the auction company. The seller also faces a bid in fee or commission on that item. Most states have rules about auctions but unless the item or auction is billed as "absolute sale" the owner can protect himself against unreasonably low bids.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
... [Read Article]
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