About 20 years ago, I had a used car dealer's license. I took an Olds Cutlass to the local dealer's auction and put a $3400 protection price on it. The paperwork is rigged so the auctioneer knows the sellers bottom dollar, but there's no way the buyers can.
The bidding on my Olds petered out at about $3200. The ringman asked me if I'd let it go for that. I told him I needed $3400. The ringman said, "OK, we only have one bidder. We'll work on him some more".
They started the bidding again and pretty soon had $3400 bid and sold the car. I have no idea where in the rafters they were getting their other bids.
Those dealer's auctions definitely aren't for the naive or faint of heart.
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Today's Featured Article - The Rescue of a Fordson F - by Anthony West. Introduction I live in the UK and have for many years restored Fordson tractors (in the main model N's). I have also restored and shown model F's, E 27N's, Field Marshall Series 2, David Brown Cropmasters and the old rey Fergeson T 20. At one time I had seven restored examples which were shown and used in ploughing matches. As most restorers, I have a number of war stories I can relate on a range of topics that may help other like minded and interested people. Perhaps my first p
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