I contend that an auctioneer worth his salt (fee) will be well served to not seam the fool. Thus - with your 'just have him bid system-he hazards the look of a crook. Is that worth bringing home an underpriced trinket for the misses? Since you failed to understand my example, I'll hazard but one more. The US court system often uses auctions, and or auction data. Imagine a pending divorce proceeding. You may pick the state, save Louisiana as I was told that that is a tittle State, and I know little of same. Anyway- The once happy couple has- wait for it- 1 tractor. He sez that old thing is worth $10,000- and I'll keep it, give you (the little lady) $5,000 and pleases be gone'. She -or her mouthpiece- sez you cheating and unfair jerk- that fine American Machine is expensive- keep it and I demand $50,000 for OUR $100,000 marital property! An impasse, if you can follow... Anyway the Corts get involved and (wait for it...) say Ordered- dispose of that Marital Property and split any and all proceeds.. Now- do you really think that the Court/ little Misses would tolerate Hubby hiring an Auctioneer and somehow they claim that the bidding suddenly stopped at $9500, so the hand picked (not Hen Picked), auctioneer reached in his pocket and bought it for $10,000? Even a Judge that can't tell a 3 point hitch from a drawbar would not be amused. Now get it? If intolerable to a subway bound Judge- is that system good enough for you? Lastly- if hiring an auctioneer to dispose of real property- do you want him busy trying to bid for trinkets, or focused on properly disposing of your goods for maximum value in an ethical manner? I concede that many times an Arm-length buyer can survey some or all lots. Even the most intense pre inspection can not equal the access and control of the item exercised, enjoyed, and REQUIRED of the auctioneer.
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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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