Posted by JDseller on July 15, 2012 at 12:32:16 from (208.126.196.144):
I saw Goose's post below about the "bad" sale he was at. It made me remember an auctioneer that used to sell around here. He was so crooked that when he died we all said they would have to twist him into the ground. LOL He has been gone now for 10-15 years.
I was just home from the service. That would make it 1978. My father-in-law was wanting a newer truck to haul lime. (that was his business) He had two older ones and they where getting rough. So we went to a sale about 20 miles north. This crooked auctioneer had the sale. I would not have gone if I had known he was the auctioneer. There was a 4-5 year old Ford Louisville 700 with a lime bed. The truck only had 5000 miles on it and had never seen salt or weather. Clean as new. That truck and bed would have cost 20-25K new right then. My FIL decided he would go to $17,500. The auctioneer had a hard time getting the bidding started at 10K. Then when my FIL started bidding it really took off fast. I was watching and could not see anyone else bidding. I told my FIL to stop bidding after his next bid. When he made his bid the auctioneer jumper right back at him with another bid. No pause or anything. So My FIL just stood there. There was not another bid made. They knocked the truck off at $16,500. We stayed around an watched a few other thing sell. We could tell that there was something fishy going on. Any of the high value stuff would jump bids so fast you could not see anyone bidding. I saw one guy raise his own bid twice in a row. Just before we left one of the auctioneer helpers came up to us and ask my FIL if he would give his last bid for the truck as the winning bidder had problems. So they got caught buy bidding!!!! My FIL was a smart old dog. He said he would not give more than $12,500 for the truck. The guy said they could not do that and tried every which way to get my FIL to give his last bid. We left the sale and talked about how crooked the whole sale was.
A few days later the auctioneer called my FIL and asked him if he would still give the $12500 for the truck. He did buy it and owned that truck until he died.
When we went to pick up the truck the owner was there. He told us how he had given $21K for the truck new. We asked him if he had a reserve on any of the big items. He said no. We had thought about it and thought maybe the seller had told the auctioneer to hold a reserve on the better stuff. The seller was really mad as he had a few friends call up mad about how the sale had gone. It seems we where not the only ones that thought the auctioneer was a crook.
So them playing fast an loose cost the seller a few thousand dollars on just that one item. After that if I saw that auctioneer having a sale I just would not go.
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