It also depends on the experience of those bidding.
Things can also go in reverse in that same scenario - like when all the bidders decide to sit the first one out to get a feel for what they're going for.
Seen it quite often. You can walk away with the first item for next to nothing. The other bidders then feel safe thinking the first one set the going rate.
Once the next item starts going for more than the that first one, panic sets in quickly. Nothing uglier than bidders panicking.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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