Perhaps 'Almost' is key word- for good reason! At least: Auctioneer has unlimited access to item pre sale, others not. Auctioneer adversities, represents , and displays sellers item as he sees fit. Buyers have no such control. Hypothetical: Auctioneer displays poorly running tractor. Other bidders (that is us 'arms-length' guys) bid up item to a price they feel is fairly justified by real time presentation of tractor. Auctioneer , before dropping hammer, outbids last 'arm-length' guy, and wins item. How is / are the Seller or Arms-length bidders expected to be confident that the tractor was correctly displaced, represented, et cetera? Simple principle- auction price IS real fair market price of auctioned item fairly represented and bid on in real time by arms length potential buyers. Logically, if auctioneer out bids same he must 1- be a fool, or 2- know something the other bidders can not. In this hypothetical- maybe the fuel filter is a bit restricted. Simple-cheap fix! Maybe the Print sold was really hand sighed somewhere under the frame, where the 'Arms length guys are unwilling or unable to inspect. Lastly, if the auctioneer honestly wants to protect the Seller, he is free to set up a Reserve Price with the seller. I say again: Auctioneer represents himself and Seller. Any Sellers agent bidding is Straw. Auction price should be bonefied real time fair market price. Only a fool outbids a fair market. If not really a fair market price than auction was improperly conducted (example- poor advertising), a manipulated (example- a Crook or Straw bidder)
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Today's Featured Article - Experimental Tractors Article - by Danny Bowes (Dsl). Tractor technology appears to have nearly hit it's pinnacle of development. If you agreed with the subtitle, you are rather mistaken. Quite, actually. As a matter of fact, some of the technology experimented with over 40 years ago makes today's tractor technology seem absolutely stale by comparison. Experimentation, from the most complex assembly to the most simple and mundane component, is as an integral a part of any farm tractor's development
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