On Tue, 29 Dec 2015 17:11:32 -0500, wrote:

On Tue, 29 Dec 2015 13:47:11 -0800, Gunner Asch
wrote:

On Tue, 29 Dec 2015 16:04:41 -0500, wrote:

On Tue, 29 Dec 2015 06:11:45 -0800 (PST), Garrett Fulton
wrote:

I was once at an auction for a machine shop that closed in NC. I had researched the price for a Lincoln tig welder that was there, and looked to be in good condition. Myself and two other guys bid for it, and it kept going up. The guy that got it paid more than the new list price. When I left he was standing next to it, wiping the dust off the top with an ear to ear smile. I thought,"What a wailing dumbass". Was my last auction, as I'd seen similar things happen to many times. Just my .02 on auctions.

Ayup. NC doesnt have a large surplus of machine tools as do other
states and they will go for prime amounts. Iggy will verify that in
once industrial areas like Chicago and surrounds..stuff will go much
much cheaper.

A perfect example of this is the difference in price between single
phase and 3phase versions of welders. Hobby guys keep the market
going on single phase machinery

Gunner

Yeah, if I remember right, it was single phase 220 welder. But you'd think a guy would check the new price on something before heading to an auction. I still hold that he was about half a bubble out of plumb.
Had to be 2 od 'em to get the price up.

Or one guy running the other up and bailing out before the last bid.
Shills do it all the time..so do "friends".
It only works if the last bidder is stupid enough to be the last
bidder. Otherwise the idiot bidding him up gets stuck with something
he has no need for at a stupid price.

Hence the term "auction fever"..when your brains leak down your leg
and you bid stupid amounts of money for Stuff. The auctioneer can
always take it to the next auction if his shill ****s up.

Ah...Ive played that game for customers for years. Gets em more money
for their goods. One simply has to read the customers and get a feel
for the dumb ones. Which is why they usually..usually sell the small
stuff first.,.or some of the small stuff first...shrug.

Most of the time the customers are thinking rational
humans..occasionally you will spot a nitwit..

Thats why the sellers pay commisions...shrug again.