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Re: Reserve price farm auctions
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Posted by Galen on June 17, 2005 at 12:51:37 from (216.170.44.1):
In Reply to: Reserve price farm auctions posted by Ray on June 17, 2005 at 12:24:52:
Don't know - "house bidders" used to be illegal in Nebraska (think they still are). I was watching a guy with a notepad once at an auction. He kept scribbling notes down and quickly stuffing it in his pocket. Began to notice he was sending signals to the auctioneer. About the time I questioned one of the auctioneers about it, 4-5 other people came up and cried fowl. County Sheriff happened to be at the auction and shut it down. Auctioneer lost his license. Was at an auction a couple of weeks ago in Missouri. The auctioneer told us the guy had a "Reserve Price" of $3200 on and IH Super A. This was about in the middle of the auction. About 20 left on the spot, one guys yells: "This ain't F---ing E-bay!", and the tractor didn't sell. If you have an auction, it the chance ya gotta take - somethings go cheap, others go for more than they're worth.
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