Posted by Ralph Bauer on April 01, 2012 at 08:13:07 from (75.104.123.7):
Just a true story to share: went to a farm auction last fall here in SW OK. As it turned out new start up auctioneer, it was a young man's(guessing mid to late 20's) first, though family has been selling Real Estate for many years. NO note in the flyer or paper ads, just a handwritten note taped to the registration trailer window informing registrants of a 10% buyer's premium to "help defray the auction cost" (...and increase his net profit). Asked ladies in it about the note, they "didn't know anything about it" so I asked the auctioneer himself. He said that they taught him that in auctioneers school in Dallas,TX. I told him that I see that practice near DFW, metro markets and nearby, but it does not fly here very well in the country, at least he should put it on the ad flyer under "terms" so folks can decide if they attend or not. His reply was that there's got to be a buyer's premium, and folks around (SW OK) will have to get used to it. "Just bid 10% less and you won't overpay....!" he advised.....Duhhhh!??? Haven't seen another auction of his, but I sure will remember our conversation!!!!
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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