A lot depends on the auction company. I usually won't be the first bidder unless the price goes real low. Sometimes though, if you want to scare other bidders, you can jump in first before the price comes way down. Say something is worth at least $3000 that you want. The auctioneer starts at $5000 and progressively comes down to get bidding started. Before it goes to $500, be the first bid at $1500 or $2000. It can scare some people away. Also if you want something, especially if there is more than one of the same thing, make sure to at least get a bid in. If the winning bidder doesn't want all of them, the other bidders get first dibs, starting with the second place bidder. I've seen multiple items where the first one sells for less than the second and third ones. I've been to several Ritchie Bros. auctions and they run a tight ship. You hesitate and you lose! If a couple of people are bidding back and forth on an item and it is close to selling, they won't let someone else just jump in. This is especially true if there is some confusion as to who has the bid and what it is. The most important thing to remember at an auction is to be prepared to walk away if the price is higher than you want to pay. Going up a little bit is OK for something you really need but I've seen stuff sell for more than new price and it's used. I don't think it matters much how you actually bid. A lot of people try to psych you out but if you stick to what you're willing to pay, they have no advantage. Dave
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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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