Posted by Keith in OHio on December 26, 2009 at 05:41:36 from (173.81.189.125):
In Reply to: Re: OT-Auction Ethics posted by kheo1 on December 25, 2009 at 16:19:59:
Being an Auctioneer in the states of Ohio and West Virginia for the past 25+ years, I have to say, I agree with some of the comments and disagree with others. Just like any other profession, there is good as well as bad in all. It's very true, the auctioneer works for the seller BUT, he also is working for (or should be)working for the buyer too, that's where his next sale is going to come from. By that, I mean his job is to try to get a price where the seller feels he has gotten a good price for his merchandise and the buyer feels he has gotten an item for a good price (fair market value). Now for the absentee bid. I will not accept an absentee bid--my wife does & believe it or not she doesn't tell me what it is. She will have someone in the crowd bid on the item up to the amount of the bid. If the absentee bid is say $100.00 & the item sells for $60.00, then it was won fairly for that price. I feel that if you were there, you wouldn't bid the full amount of your bid as your first bid, so we wouldn't either. Having said that, the best way to kill a sale (& irritate an auctioneer) is if you know you're gonna bid up to say $500.00 on an item and the auctioneer is trying to get his first bid, let him go down to about $200.00 then yell out real loud $350.00. Just stops everyone & you usually get it for the $350 (that's from the buyer side of me. Have a happy new year.
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