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Questions to Ask When Buying at Auction
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<blockquote data-quote="Dave" data-source="post: 210072" data-attributes="member: 498"><p>A ghost bidder is when the auctioneer takes a bid that is not there in an attempt to run you up on the price. </p><p>I was at a bucking horse sale one time the bidding came to a sudden stop. Jim Shoulders was one of those buying horses that day. Jim looked up at the auctioneer and said, "I think it is time you bought one." He had caught the auctioneer ghost bidding against him. When he quit bidding it left the auctioneer holding the bid. The auctioneer had to buy a bucking horse which he certainly didn't need. I bet he was honest for the rest of that sale. </p><p>Dave</p></blockquote><p></p>
[QUOTE="Dave, post: 210072, member: 498"] A ghost bidder is when the auctioneer takes a bid that is not there in an attempt to run you up on the price. I was at a bucking horse sale one time the bidding came to a sudden stop. Jim Shoulders was one of those buying horses that day. Jim looked up at the auctioneer and said, "I think it is time you bought one." He had caught the auctioneer ghost bidding against him. When he quit bidding it left the auctioneer holding the bid. The auctioneer had to buy a bucking horse which he certainly didn't need. I bet he was honest for the rest of that sale. Dave [/QUOTE]
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Questions to Ask When Buying at Auction
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