On Wed, 21 Dec 2011 09:03:19 -0800, "Steve B"
wrote:

The auction requirements were a 25% deposit of what you thought you were
going to spend. ID. Company card. blah blah blah.

When I got there, all I did was fill out the stub on a card, and was handed
back the top portion.

I provided no identification of any type. I made no money deposit of any
type.

If I had been a putz, or had an ax to grind with this company, or overspent,
or just had buyer's remorse, I could have filled in Joe Schmuckatelli,
Hillbilly, Kansas, and bought a LOT of stuff that they would have been stuck
with. If I was buying with cartel cash, I could have come and gone, and
there would be absolutely no evidence save a little forensics that I was
ever there.

I didn't get the thought till today, and was wondering how the
pre-registration and identification processes are at other auctions.

Steve


Most of the industrial auctions I've been to you put a $500 deposit
down with a credit card and your business card (probably they have
some kind of fine print that allows them to suck more out than that),
get a bidder's number, and you're okay up to a couple thousand dollars
bidding, IIRC. Above that you're supposed to deposit a cashier's check
or make other arrangements to ensure you're good for the money. I
think the business card is mostly so they can spam you with ads for
future auctions.