Re: Reserve price farm auctions

Posted by Mike M on June 17, 2005 at 16:18:31 from (63.27.143.101):

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

At the last auction I was at ( I haven't been to many for awhile ) They anounced that they had all kinds of new regulations that just took effect and as part of that announced that anyone was open to bid. I don't know for sure but maybe this is makeing more sense as the owner was still alive and there and maybe he was now allowed to bid ?
Bid runners have always been at auctions since forever the auctioneers have a couple extra numbers they use for the bids they pull out of the air or they give them to a friend of the owner and have them bid and at the end of the day if they protected anything they ended up with they don't have to pay. The owner just still pays commission. This works well and no one knows,not like announcing it after it didn't bring enough that kills the sale.

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