Auction Question - Absentee Bidder

[Chillylulu]

What does "Also please indicate if you are willing to go "one increment higher" if your high bid is taken on the floor." mean?  My assumption is that if I have a maximum bid of $20.00 and that the auctioneer gets a bid at $20.00 from someone else, that I will bid up once.  Is that close? 

The quote was taken off of http://wrenchingnews.com/2015-fall-auction/catalog.html

Chilly

[northkid]

Your right Chilly.

[Lewill2]

Yep, you are right. So you are bidding your maximum plus the one more bid over it what ever that amount happens to be for that item whether it is $5, $10 or $20 more then your maximum.

[oldgoaly]

Think about the increments for <50$ increases 1$    over hundred they may go 5 or 25$ depending how fast to a point where 50 or 100$ increments start. That is the auctioneers discretion what does. You maybe bidding on 10,000$ item, you are 9500$ bidder, some one else goes 10k. but yet you might get it for 10,500$ that is why they ask.   
I've seen some stuff start at 50 cents and go for a thousand dollars or more!  and the auctioneer's ask "what is it made of?  gold?" or after it sells "got two more here on the back of the truck"
The wife just got a bunch of stuff at a local farm sale, nice Goodyear Service sign form the 20's no wing foot on it blue and white, cleaned up nice!!! nfs!

[mvwcnews]

As the absentee bidder agent for the auctions held in conjunction with the spring & fall MVWC meetings, the
"plus one increment" works as you read it.  For lots under $100.00 the increment may be anything from $1.00 to $10.00 depending where the bidding started.   

Anyone who has gone to a lot of auctions knows how an action can speed up or slow down -- on the auctions held in conjunction with the MVWC meets since everyone has had a chance to see the catalog & the people in the room have also had plenty of time to see things in advance, the auction tries to keep to 120 - 150 lots per hour.

But it is possible to make a counter bid  for less than the "current increment" once in a while  so long as one does not get obnoxious about it & kill the energy of the auction.

I'm currently working a "short term full time job" in addition to my "regular" part time job -- the "short term full time job" should be done in 2 - 2 1/2 weeks, which will give me a window before the fall MVWC meet to deal with absentee bids on the auction.

[Chillylulu]

I'd like to go to the fall meet- It's only 7½ hrs away and looks like it would be fun to watch, at the very least.

When travelling I sometimes like the slower path - do any of you know of a better way than speeding down I-70 from Denver?

Chilly

[Aunt Phil]

I'd like to go to the fall meet- It's only 7½ hrs away and looks like it would be fun to watch, at the very least.

When travelling I sometimes like the slower path - do any of you know of a better way than speeding down I-70 from Denver?

Chilly

Begin at the 8" riser, through the valves, and take the East branch at the first Tee. 

Comon Chili, jump on google maps and punch the button for sight seeing route. 

[stanley62]

Chilly,

  I fly in from California every year to see Dad  and attend the auction.  Both are worth  the trip.

 Jim

[mvwcnews]

I sometimes like the slower path ..

Chilly

For an off the beaten path experience, visit  the Garden of Eden at Lucas, KS ( http://www.garden-of-eden-lucas-kansas.com/ )