Thing of it is the auctioneer is the sellers agent. Doesn't matter if it's a regular auction or a consignment auction the auctioneer is representing the SELLER, not the buyer. Now there is self interest on the part of the auctioneer because he gets paid a commission. So it's in the auctioneer and sellers best interest to get the top dollar for each item. So it becomes the buyers who have to protect themselves by A. knowing what they are buying B. knowing the value C. not exceeding the value or the top dollar amount that they are willing to bid.
So if you don't like the system that you are not going to change don't go! Seems pretty simple to me.
My auction rules are 1. predetermine what I'm willing to pay for an item. 2. never exceed that limit. Most often things I'm interested in sell for more than I'm willing to pay but I enjoy them anyway.
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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.
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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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