Posted by oldtanker on November 06, 2013 at 09:45:29 from (66.228.255.116):
In Reply to: Auctions are Nuts! posted by fergienewbee on November 05, 2013 at 14:05:26:
I myself love auctions. I figure what I'm willing to pay for an item and do not bid one penny over that price. I've won some items and lost some too. I have to agree that auctions are what the auctioneer is. If they are good the seller is happy. If lazy the buyers love it. Problem is it gets to the point that the lazy ones only get poorer stuff to sell most often. We got a couple of the lazy ones here that make their basic living running weekly consignment (junk) auctions. They seldom have estate or retirement auctions because the sellers want the best.
The biggest beast at an auction is competitiveness. People just have to win. I'm a typical American. I like to win. That's why I set a price I'm willing to pay for an item before bidding starts. Going over what I'm willing to pay isn't going to happen. I miss a lot of things I'm interested in but there is nothing that I'm going to die if I don't win. I've seen things go for stupid high prices. The worst items are firearms. I've got a friend who thinks in rural MN every one knows a lot about guns. Attend and auction with guns here. They don't know anything about the actual value of a gun or how to grade one. Just last week I saw a "Snake Charmer" .410 break open sell for over new price. I never attend an auction with guns with the intent of buying. I may bid a time or 2 but I never exceed the value of the gun. So far I've never won the bid on a gun.
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