Auction Opening Bids

[Archive]

Posted By: Jim Clarke

Yes, Martin hit it right on the head. All consignors should have a right to proof their right up, on their stuff. I remember consigning many T3's and they did not even mention the Ad back. I would have picked up on this if I would have pre-read the description instead of reading it in the catalog when it came to the house. As a buyer, I like to see the lower price and know that there is a chance I can pick up the lot at below market value. Many times the underbidder will want something else and not push as hard on other lots. I think a strong tactic that most people do not do (including me) is put a strong high bid on the item to force most people out of it and not allow them a chance to bid... IE: 500.00 open bid and just come in at 12,500..