Any livestock auction that I have ever been to in person that was also presented online, the auctioneer has said things to the online bidders. Like 'internet, your out' and stuff like that.
Live or online auctions either one, I don't think they are any more honest than the people themselves that are running them.
I always wondered what you would witness if you went to a combination auction in person, but did your bidding online on your phone even though you were in attendance. Your bid would be the same as if made by raising your hand, but you would be there to see if any bids were taken out of the sky.
One sale I was at, the live bids seemed to slow down and or halt when the auctioneer claimed to have an internet bid. It really seemed as if the live audience questioned if the auctioneers internet bid was legit. As in, the auctioneer may of been taking a bid from out of the sky and saying it was an internet bid. I remember thinking during the sale that if the live audience is gonna quite bidding against internet bidding, you might be better off to make a legitimate online bid instead of bidding in person while there.
About the only way to safeguard yourself, is to not bid more than your willing to pay, and at the same time, no more than the item is worth to ya. This goes for both live and online. Only way to insure that you don't get hurt.
When placing a max online bid, it might be best to make a somewhat odd bid. And maybe a tad less than what you think the item is worth. Like 2,850 instead of an even 3,000. That way, if you win the bid at 2,850, you can assume you got milked out of the entire 2,850, but you still got a good deal considering you got it for 150 less than you were really willing to pay.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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