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Re: Good posts about auctions and bidding!!


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Posted by oldtanker on February 01, 2015 at 09:52:37 from (64.118.3.75):

In Reply to: Good posts about auctions and bidding!! posted by JD Seller on February 01, 2015 at 09:22:24:

I agree, with most of that. I've seen people leave auctions in droves because they are taking too long.

The worst ones are the guys who will 100 or less on items worth thousands and they will raise the price of the item by one or 2K bidding 50-100 at a time. Those kinds of bidders can drag an auction out a long time.

My rules for an auction are simple. Know what I'm willing to pay for an item before bidding starts and never, ever exceed that price. That's it. 2 rules.

I love the guys who will try to intimidate someone bidding against them by glaring at them. Like they are really going to do something at an auction. Now it might be interesting to hold and auction in a bar!

My only thing that really angers me is the auctioneers whoa are not doing too well. You can generally tell these guys by their web site. Weekly consignment sales are a bell ringer. Every once in a while they will get a farm auction. When they have an item that they know the value of and the high bid is way under they can spend as much as 15 minutes trying to convince the crowd that the item is worth more only to fail to get nay additional bid. No one is bidding? Sell it and move on. We got 2 really pathetic ones in the area. I don't go to their auctions unless they do get the occasional farm auction that has an item I'm really interested in. Got a couple of really good auctioneers here too that I attend some of their auctions just because they make it fun. Good way to spend a Sat when I have nothing else going on.

Rick


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