Posted by Banditfarmer on March 29, 2015 at 17:09:25 from (75.186.9.25):
I guess I have been going to farm and consignment auctions for close to 45 years and you can learn a lot by watching people at sales. My late uncle Jerry was one of the best I ever seen at reading the crowd. He could tell you what something was going to bring just by the first item sold by its bids, And 99 times out of a 100 he would be right. In the blazing sun pouring rain or in snow with 50 mph winds and -20 wind chills he would get what he wanted most of the time at his price, And most of the time I was right there with him.
There are guys that will go to a sale for one thing and stand close or right by it (for hours)as the crowd moves closer and are right up front when they start selling it, You know that they came to buy it most of the time for any price. Of course there are guys that will bid on anything that's cheap just to run it up and they never buy anything. Most of the jockeys are always 1 or 2 people back in the crowd so they cant be seen by the other bidders (like we don't know who and what they are doing) and try to by everything cheap. And of course the guys that are interested in an item look it over hard then start running there mouths to everyone about how big a piece of junk it is and so on, But you notice when its selling that they are bidding on it. Jerry taught me to read people at sales, By the way and ware there standing and by the look on there faces and how they bid. Also how to throw someone off there game by throwing in an oddball bid (most people cant change there minds that quick) to get something bought. I bid on something I stand right up front ware I can see who is bidding and make eye contact and not look at anything but them while bidding, When they look away there done bidding and there done. I have gone to look at a tractor at a sale and have an idea what it worth for it's shape (say $6000) and if I really want it when the auctioneer asks for a bid to open it for say $7000 I'll pop off with $5000. A lot of times you will buy it for that or one more bid. You just shocked the crowd and before they can figure out what your doing it's to late, SOLD! It works and sometimes it don't, But at least you tried. I like it when guys that bring their wife's to a sale, Ever notice that she is holding the bidders number so he don't buy something? Or he's bidding on something and she walks up and takes his bidding number and walks away? I feel for you, I really do.
And of course I cant forget one group of guys that will bid and run something up just because you want it and to make you pay more just for fun. I love burning these guys butts every time I can. One of my best was many years ago I went to buy a Ford 8000, This tractor was as good as you could get. It was worth $7000 to $8000 tops and I started it at $6500 and I heard that all to command Yep from him! And I knew it was on. I took my time bidding and as soon as I bid Yep from him with that big grin on his face. I ran him to $14975 my last bid they said $15000 Yeep! I looked at the auctioneer and said I'm done! SOLD! for $15000 What's your number? OH the look on his face was priceless! The deer in the headlight look with the I just craped my pants and OH GOD WHAT JUST HAPPEND look! Simply Priceless!!!!!! He just paid the highest price for a 8000 Ford ever around here! As I walked away with my uncle he came running up to me and said "I really don't need that Ford so I'll let you have it for what I gave for it". You wanted it bad enough so you can keep it and shove it ware the sun don't shine! I turned and walked away with my uncle Jerry grinning ear to ear telling me I've been waiting for a long time for someone to burn his butt up for what he does, I'm just glad to be hear to see it! What was really funny was the tractor sit on his lot for 15 years before he sold it for a lot less than he gave for it.
For me auctions are a good learning experience and can be fun just to watch people and the way they act. Reading people, Figuring out getting the mood of the sale how to shock people and bid to get them off there game with oddball bids its all part of the game to get what you want at the cheapest price. That's what it's all about. What have you learned at sales? Bandit
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