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Re: went to an auction, need to whine a little
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Posted by Chris-se-ILL on February 17, 2004 at 11:37:29 from (216.174.170.178):
In Reply to: went to an auction, need to whine a little posted by Larry NE IL on February 16, 2004 at 21:07:32:
Larry, I have an 11 shank Glenco SoilSaver settin' out here in the shed (always shedded). If I get out of farmin' here soon, it may be for sale pretty quick. Along with several other pieces of equipment and a couple of tractors. I'm considering other employment and just waiting for the right opportunity right now. We used to pull the SoilSaver with the 2 outside rear shanks removed because the IH-1066 would not pull it. But when I got my IH-1566 I put the shanks back on. I have been screwed at auctions before and also found some real bargains. Anymore, I take pen and paper and "scope-out" the equipment ahead of the start of the sale. I start calculating (on each item that interests me) in my head what price would be a decent price, what price would be close to the limit, and what price I'll walk away. Then I define it down to buying price... and walking price. Then when the item comes up... I already have my exact "stop limit" picked out... and I stick to it!!!! It makes the auctioneer rather mad when no matter how he coaxes I abruptly stop bidding, and will not start bidding again till the next item. I had one auctioneer that pointed at me and accepted a bid... that I did not make (right after I quit because of the limit)! He knew that I was not bidding because I shook my head side-to-side in a definite, "NO!" as I started to turn away. My buddy said, "Did you just bid? 'Cause he just called your bid!" I walked away from the auction and would not go back! There is always another bargain somewhere else. Many an item has been bought at an outragously high price at auction by emotional bidders.
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