Posted by Bruce from Can. on April 04, 2019 at 03:06:47 from (74.12.73.21):
In Reply to: Auction question. posted by JayinNY on April 03, 2019 at 20:45:22:
Sometimes the owner bids on their own stuff, but just as often if there is no other bidder, the Auctioneer will pull a bid out of the air. I was a good friend of a local Auctioneer that had many sales through the 80’s. If he was pulling bids out of the air, it was always understood by the seller that he would do this to run the price up to a reasonable amount, so not to give the man’s equipment away. If he got stuck with the equipment by taking bids from no where, when the gavel dropped, I was the successful bidder, or some other shill like myself in the crowd. We would just show our number, and as far as the crowd new, we were the buyer. Naturally the vendor had just bought back the piece . Over the years, I had a few items knocked down to me, and I never let on that I hadn’t bought the item. At cow sales, a ring man/ cattle dealer used to do the same thing, and I bought truck loads of cattle, but never took delivery, lol. You might think this unfair, but it is all part of a auction. As a true buyer at a sale, I like to watch the crowd when I bid , to see if I am bidding against another buyer or just the Auctioneer.. if you think that you are just bidding against the Auctioneer, stop bidding, and watch the Auctioneer start to try to beg another bid from you. If you still want the item, and say bids were going up by $100.00 , just raise the bid by $25.00, and see if you don’t get the item knocked down to you. If it does, you were the only bidder against the Auctioneer. It’s a game.
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