Stupid people and auctions.
0patience
Posts: 10,665 ✭✭✭✭✭
It amazes me how most people go stupid when it comes to auctions.
Car auctions where the final bid is as much or even more than you could buy the same car retail.
Electronic/computer auctions where the bids go so high that there is no resale value left to work with.
Govt/GSA/municipality auctions where the bids are so ridiculous that it's rarely worth even bidding.
County Property tax auction where the vacant lot went for more than the appraised value, even though real estate here is barely even moving.
And then, of course, there are the cigar auctions where a large percentage of them go for right about retail.
So I have to ask, do none of these people do any research what so ever before they buy or what?
How do they get so screwed up that they bid up to and sometimes more than retail?
I've gone to hundreds of auctions of one type or another and before the bidding starts, I always know the price I will go to and NEVER go higher than that. Yet, it amazes me that there are those people who get into a bidding frenzy and will not stop, even at retail price.
The whole idea behind going to a wholesale auto auction is to pay wholesale, not retail. LOL!
And storage auctions, forget about it. I watched a unit go for double what it was worth and everything was plainly visible. No hidden things in that one.
A couple weeks ago, saw an auction with a decent laptop. Nothing fancy, but thought if I could get it reasonable, I'd flip it for a few bucks. The laptop retailed new at Best Buys for $499. So I thought, $200 max, I could sell it for $250 tomorrow and make a few bucks.
Oh no, that wasn't to happen. The final price? $475. Are you kidding me?
So I've come to the conclusion that people are just stupid when it comes to auctions.
Car auctions where the final bid is as much or even more than you could buy the same car retail.
Electronic/computer auctions where the bids go so high that there is no resale value left to work with.
Govt/GSA/municipality auctions where the bids are so ridiculous that it's rarely worth even bidding.
County Property tax auction where the vacant lot went for more than the appraised value, even though real estate here is barely even moving.
And then, of course, there are the cigar auctions where a large percentage of them go for right about retail.
So I have to ask, do none of these people do any research what so ever before they buy or what?
How do they get so screwed up that they bid up to and sometimes more than retail?
I've gone to hundreds of auctions of one type or another and before the bidding starts, I always know the price I will go to and NEVER go higher than that. Yet, it amazes me that there are those people who get into a bidding frenzy and will not stop, even at retail price.
The whole idea behind going to a wholesale auto auction is to pay wholesale, not retail. LOL!
And storage auctions, forget about it. I watched a unit go for double what it was worth and everything was plainly visible. No hidden things in that one.
A couple weeks ago, saw an auction with a decent laptop. Nothing fancy, but thought if I could get it reasonable, I'd flip it for a few bucks. The laptop retailed new at Best Buys for $499. So I thought, $200 max, I could sell it for $250 tomorrow and make a few bucks.
Oh no, that wasn't to happen. The final price? $475. Are you kidding me?
So I've come to the conclusion that people are just stupid when it comes to auctions.
In Fumo Pax
Money can't buy happiness, but it can buy cigars and that's close enough.
Money can't buy happiness, but it can buy cigars and that's close enough.
Wylaff said:
Atmospheric pressure and crap.
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Money can't buy happiness, but it can buy cigars and that's close enough.