You tube auction video

[barnaby33]

This is a quick video I found via the Countrywide foreclosures blog. Its called, “How not to bid.” It shows a common tactic auctioneers use to bump up a price.

How not to bid.

[barnaby33]

I forgot to mention, the commentator says that the practice taking bids from the wall is not illegal. Does anybody know if that is true?

Josh

[barnaby33]

I forgot to mention, the commentator says that the practice taking bids from the wall is not illegal. Does anybody know if that is true?

Josh

[Ash Housewares]

What happens if the person being suckered wises up? Does the last “wall” bid get canceled and the last “real” bid get accepted? Moral: always sit in the back.

[Ash Housewares]

What happens if the person being suckered wises up? Does the last “wall” bid get canceled and the last “real” bid get accepted? Moral: always sit in the back.

[4plexowner]

moral: if you don’t know who the sucker is, it is probably you

[4plexowner]

moral: if you don’t know who the sucker is, it is probably you

[Author]

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