![]() The auction might start fishing for bids around $11,000. Let’s say the seller has his “floor” (lowest price he’ll take) at $10,000. The auctioneer represents the guy selling the car. Oh, and with the popularity of internet bidding, its not a coke machine anymore, but Anon via internet that they bid the newbies against. Public auctions are a sttaight up shit show, i do not reccomend those. Also good sellers will often be up on the block with the auctioneer giving guidance to the auctioneer on what they want done, so if the coke machine act is being pulled, its probably not a surprise to the seller.ĭealer only auctions are relatively professional, though still plenty of stupidity and tons of corruption. There is also a fair amount of politics between the dealers, friends wont bid on cars that eachother want to avoid driving up the price. But aside from all that, after a "no-sale", the seller would probably approach you "off the block" (on the side) to make a deal.Īt a dealer only car auction its typically the same people there week after week, and its pretty easy to spot the newbie vs the veteran just based on body language alone. And this is also where the skill of the auctioneer is, knowing who to push and how far. But its obviously way more complicated then that. Typically they'll run the car again at no fee if it was an auctioneer fuck up.
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