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My first auction
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<blockquote data-quote="cmjust0" data-source="post: 471093" data-attributes="member: 2882"><p>If you buy an animal at the salebarn, you're automatically giving more for it than anybody else was willing to pay.. Given that you're most likely going to be surrounded by people who know cattle pretty well, giving more than they'd give is a pretty dangerous thing for a newbie to do..</p><p></p><p>On the other hand, if you buy an animal at the salebarn, you're only giving a shave more for an animal than people who likely know cattle better than you.. Thinking about it that way, paying more to buy an animal that others seemed to want could be viewed as paying a bit of a premium to use other folks experience.. At least you know you're driving away with an animal for which other buyers would have paid good money, for whatever that's worth.</p><p></p><p>You be the judge.</p><p></p><p>All in all, I'd say that if you must buy an animal from the salebarn with no experience, the best you can probably do is to look for animals which generate fairly wide, sustained interest, then jump in late. You're certainly not going to get any bargains that way, but you're not bargain hunting -- you're looking for your best shot at a solid animal, and to minimize the potential downside of your investment. Oh, and if you so much as catch the slightest whiff of a bidding war brewing, jump out <strong>immediately.</strong> </p><p></p><p>Good luck.</p></blockquote><p></p>
[QUOTE="cmjust0, post: 471093, member: 2882"] If you buy an animal at the salebarn, you're automatically giving more for it than anybody else was willing to pay.. Given that you're most likely going to be surrounded by people who know cattle pretty well, giving more than they'd give is a pretty dangerous thing for a newbie to do.. On the other hand, if you buy an animal at the salebarn, you're only giving a shave more for an animal than people who likely know cattle better than you.. Thinking about it that way, paying more to buy an animal that others seemed to want could be viewed as paying a bit of a premium to use other folks experience.. At least you know you're driving away with an animal for which other buyers would have paid good money, for whatever that's worth. You be the judge. All in all, I'd say that if you must buy an animal from the salebarn with no experience, the best you can probably do is to look for animals which generate fairly wide, sustained interest, then jump in late. You're certainly not going to get any bargains that way, but you're not bargain hunting -- you're looking for your best shot at a solid animal, and to minimize the potential downside of your investment. Oh, and if you so much as catch the slightest whiff of a bidding war brewing, jump out [b]immediately.[/b] Good luck. [/QUOTE]
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