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Re: WONDERING ABOUT SOME EQUIPMENT AUCTION PRACTICES
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Posted by Irv on October 27, 2000 at 17:12:18 from (63.29.76.131):
In Reply to: WONDERING ABOUT SOME EQUIPMENT AUCTION PRACTICES posted by Alarmed Al At Auctions on October 26, 2000 at 19:16:35:
I have been to Archabold Ohio several times and have seen several people there as "repeaters" Once I struck up a conversation with a gentleman there that had about 20 lots at the auction yard. He had a business, bid on his own stuff, and apparently knew every auctioneer there. If nobody met his bid the auctioneer moved on. At a local auction in Mich. a friend of mine bid on a truck. After he won he realized he was bidding against the truck's owner's son. He complained and got paid back by the owner. I believe that the self interest is so powerfull and the ease of influencing the auction so great that this is inevitable. Thanks, Irv
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