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 Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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