I "attended" a retirement auction last fall that offered online bidding. Item was 2 states away. They did offer pre-sale bidding for up to two weeks prior to sale. Current high bid was posted, so you had a feel for the bottom. In this case, when I got started, which was day of sale, high pre-auction bid was $1,500 for an item that eventually sold for $7500. I bid $4,500 and was bumped to high bid of $1,600. When the live auction started, they blew past me within seconds......which was OK.
Because there was a limited number of high dollar items (only 20 or 30 vs 1,000), they went slow enough you could live bid. You had to move fast, but had the opportunity to do so. That one seemed fair enough.
This one also accepted bids prior to the item selling, except when I entered a bid, there was no indication of what else was out there. No "current bid". Eventually, to get a feel for what was going on, I did enter $1 on an item that eventually sold for $600. A notice did pop up for that that said "a higher bid" existed. So perhaps some version of that was in place. But otherwise, you were flying blind.
So one method seemed very fair......the other......not so much.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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