Coonie Minnie's statement of the auctioneer starting high then dropping way down to get the first bid is worth repeating for someone not familiar with the way auctions work. This is also why I am hardly ever the first bidder on an item unless the auctioneer has dropped truly low and still hasn't gotten a bid. For an auction novice it would always be safer to let the bidding begin before jumping in. Once you start bidding you should bid decisively right up to your set maximum then say "nope" and walk away. Hesitant bidding could send a message to your opponent(s) that you're getting uncomfortable with the dollars and are getting cold feet. This might encourage them to keep going past their set maximum in the hopes you bow out the next time around. The auctioneer wants people to violate their set maximums (thus increasing the selling price) and will work hard at trying to convince you to keep going once you say no. If you physically disengage from the bidding once throwing in the towel it eliminates the opportunity for the auctioneer to keep working on you for another bid that is past your limit.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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