Posted by Bob Bancroft on June 02, 2022 at 03:55:39 from (71.115.184.117):
In Reply to: Re: Buyers premium posted by Traditional Farmer on June 02, 2022 at 03:18:03:
If I were to sell my farm and machinery at auction for 2 million or so that they may bring, I'd feel like I put a lot of money into the auction. Auctioneering, or 'open out-cry' has a long history. That final, very public bid should be the selling price. I would want bidders to be assured of that at any auction I had, and I would pay the auctioneer.
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