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<p>[QUOTE=&quot;Blaubart, post: 1473218, member: 37498&quot;]I don&#039;t know about where you guys are from, but many o sf the auctions around here are truly estate auctions. An old farmer passes away and his family decides to sell off most of his assets at a public auction.</p><p><br /></p><p>The 2nd most frequent auction is for bankruptcy, usually businesses. Keep in mind creditors get paid before shareholders when a company declares bankruptcy. In line with the big creditors like the banks, are mom &amp; pop businesses and contractors. So the guy that just finished putting a roof on the business might or might not get paid, depending on how the auction goes. Usually, there isn&#039;t enough money to pay the shareholders anything, but sometimes there is. This usually affects the employees as many of them own stock in the company they worked for. They want their fair share too.&nbsp; But here&#039;s the catch: They actually earned their fair share.</p><p><br /></p><p>Now, we go back to the beginning of the thread where you say things like &quot;fair share&quot; and &quot;the top wants to have it all&quot; and &quot;Colluding is not going to ruin a seller&quot;. At the end of the day, either the family of the recently deceased, or the people who had lent money to or invested money in a company are going to receive less money so that you can have your fair share.</p><p><br /></p><p>And speaking of fair share, where is that coming from anyway? Why is it that anyone that shows up to an auction is entitled to their fair share of anything, unless of course they&#039;re willing to pay more than the guy standing next to them?</p><p><br /></p><p>If you suspect a few people of making sure you stay at the bottom of their pecking order, then keep going to the auctions and make it so they aren&#039;t getting a good deal on anything you want. Bid everything up to grey sheet bid price at the start of the item. If you win, great. If not, they will have paid more than grey sheet bid price to outbid you. That&#039;s the sort of thing that could easily become a hobby for someone that has enough time on their hands...[/QUOTE]</p><p><br /></p>

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