Re: Reserve price farm auctions

Posted by Davis In SC on June 17, 2005 at 15:20:47 from (205.188.117.66):

In Reply to: Reserve price farm auctions posted by Ray on June 17, 2005 at 12:24:52:

Shill Bidders is what we call them... Everyone should boycott sales where that goes on... I was once at an auction where they had signs up , declaring that "Bid Rigging" among customers was a felony.... Seems the same rule should apply to the Auctioneer.... There are lots of crooked goings on at auctions. Last year I was top bidder on a piece of machinery, I had a buyer lined up for it at a very good profit. After the sale, the Banker that held the note said he could not let it go for that. He did say that as top bidder, I would be first in line to negotiate a price... The next day , I found out the back-up bidder bought it & a much bigger machine for just a little more than my bid for the first one. There had to be something crooked in that deal....

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