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Re: Reserve price farm auctions
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Posted by dhermesc on June 17, 2005 at 14:47:46 from (68.110.220.22):
In Reply to: Re: Reserve price farm auctions posted by Dave on June 17, 2005 at 14:01:45:
I don't know if its legal in KS or not But I've seen plenty of auctioners do it. I like to bid a few times quick then suddenly stop for a few moments - usually that clears out the schills and air bids as they realize they could be owning the item. I was at an auction near Holton Kansas and couldn't believe the number of "air bids" flying around - and the crowd didn't seem to care a bit. They even had some on the thousand dollar an acre 80 the where selling. Anytime an auctioner does the confused "Who was in" bit and backs up to the last REAL bid he's just been caught taking fake bids - the second highest bidder should raise Holy H&^% right there on the spot.
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