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At an auction, Why do you bid the way you do?
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RodInNS
Posted 1/22/2010 00:33 (#1035104 - in reply to #1035004)
Subject: Re: At an auction, Why do you bid the way you do?


I'll sometimes big fairly quickly... but at the sales I often go to, you don't know who you're bidding against. It could be the owner simply running up the item... I hate that. No... actually I hate paying more than what another buyer is willing to pay. The way I look at it... when I get near my limit I start stalling. Sometimes I just outright tell him ~one more and it's yours~...
Between the sellers bidding their own stuff, the devils that go around running you up just because they can and the big shots that want to throw their weight around... I generally assume that people's motives for bidding, late in the game, are less than pure.
I can remember getting run on a couple different lots at a cattle auction once. The third round and he was at it again... even higher this time. He bought that one.... Next time... he kept his hands down. Everybody needs a financial edumucation now and then. It's the only one that sticks...

Rod
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