I have friends that auction for a living. Some tricks --When the ringman yells yep yep yep with a open hand this means he is taking bids from the sky. When he closes his fist means he has the money. At a tool auction / truckload auction with a local auctioneer you use the lot number as such --Lot number of 100 has to bring either $200.00 or $50.00 depending on how they run it. Once they get that amount they have more in the truck if anyone else wants it for that money. Otherwise there is only one for sale. When a ringman stands close to the auctioneer he gets air bids till he taps his foot on the auctioneers foot, thus he has a actual bid.
Another is, ring man yells yep yep yep, then all the sudden he yells yea yea. That is when the actual bid was made.
A good friend that is a auctioneer also said he attended a car auction that they cried backwards. Starting the car at double the expected value, then cried downward till the first guy bid--then it was all over. Seemed stupid at first, but he actualy thought that it may have brought more money that way. Once you make up your mind on top dollar you best shout at that point. Maybe a good idea?
I find it funny when a auctioneer gets stuck with a air bid and has to stop the auction and explain how good the machine is a few times then all of the sudden he cries for alot less money than he had. But on a realistic note, a auctioneer isn't going to sell a ten thousand dollar tractor for $500.00 either.
I never go to a auction when the auctioneer has a used tractor lot, he will take home the bargins, so why should I invest any time.
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