Quote:
Originally Posted by Citroënbender
Just doubling back for a bit… Did anyone else go to the secondhand/pawnbrokers auctions (Combined Auctions) in Wattle St, back in the day? I have this vague memory you could lob an offer from the floor. As in, maybe the auctioneer was pushing something up in fives or tens and it was at $180 but you wanted it and also to move on so you might make a verbal offer of $250 hoping that would bring the hammer down or at least thin out the bidders. Can’t think where else I might have seen this attribute.
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You can do this in any auction, in person, online, over the phone whatever, at the end of the day its who has the deeper pockets, or overpays that wins the bid
You can start $5 auction with a $10,000 bid if you want and scare everyone off bidding.
I bid on a brand new Mercedes coupe with only 265ks on the clock at Pickles, my max I could go to was $28,000 including fees so while it was at $15,000 I put a bid in at $22,000, 1 guy bid once more and I won it at $23,000, with fees it came in under my max so I was happy.