How to Avoid a Bizarre Auction at Barrett Jackson: Avoiding an Auction Fraud
- by admin
It’s a well-worn tactic among auctioneers, who have a tendency to overbid on the lowest bids on the high bids list.
When the seller sells for more than its asking price, the buyer usually pays more than the amount advertised.
But what if the seller’s bid wasn’t even the lowest bid on the list?
That’s when the auctioneer can get a hold of the buyer and bid up the price.
The buyer’s name will be shown on the auction house’s “highest bid” list.
If the bidder’s bid was $25.50, the seller can offer $30 for that lot.
The buyer then agrees to pay $30 more than advertised.
The seller can then make a second bid of $30 and then pay another $30, until the buyer agrees to the final bid of the lot.
If the bidding fails, the auctioneers can also try to force the buyer to pay more by filing a fraudulent bid on top of the $30 bid.
This is called a “bidders counter” and it is also called a bidders “buyout” if the bidder is the only bidder.
It’s illegal in California for an auctioneer to “bids counter” a buyer unless the seller has “biddered” the buyer.
If you’re trying to sell something and your bidding is unsuccessful, you can file a false counterbidding notice.
The bid that was submitted is usually the one that gets a buyer to buy it.
When bidding for a lot, you should pay attention to the item description, size, and description.
If a seller offers a lot with an item size that’s more than four inches, you’re likely bidding on a lot that has an item that’s not quite four inches.
If it’s a larger lot, the price may be higher.
But if the item is a single item, you may have to pay less.
If there’s a list price on the lot, that price is usually what you’re paying for the item.
When bidding for an item, remember that items are usually sold “as is.”
It’s your responsibility to find out what’s advertised and what’s not.
If they don’t list the item, it’s probably not the item you’re looking for.
If you buy an item and then decide to sell it, you don’t have to worry about having to pay the full amount listed on the seller.
If, on the other hand, you sell the item and the seller makes an offer for it, it may be a good idea to negotiate a lower price.
That’s because you may be able to negotiate lower fees if you know the seller isn’t going to sell the property for less.
If a seller refuses to sell your item, call the police.
The police are usually happy to come out and investigate a lot and take the buyer’s item.
If someone offers you a $10,000 deposit on a sale, it can be difficult to get the buyer back, but you can negotiate a higher price.
It’s a well-worn tactic among auctioneers, who have a tendency to overbid on the lowest bids on the high bids…
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