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Re: UP East St. Louis Locomotive Auction
Author: George Andrews
Date: 10-23-2016 - 11:06
Sammie, do you recall what the bidding started at on the $340 grand unit ???
Having attended machinery auctions with my dad in the past, I have seen how EGOS can come into play, when bidding on the same item as your biggest / worst / most hated business rival. My dad sometimes used this to his advantage, by running up the bid on an item or lot, then dumping it on the rival. This tactic also served to distract other bidders from the lot my dad really wanted !!!
Having attended machinery auctions with my dad in the past, I have seen how EGOS can come into play, when bidding on the same item as your biggest / worst / most hated business rival. My dad sometimes used this to his advantage, by running up the bid on an item or lot, then dumping it on the rival. This tactic also served to distract other bidders from the lot my dad really wanted !!!
