I have been of the belief that the 10 K bid deposit on some items is for items that they know will end over that amount and is an easy way to make sure the bidder has the money available. Lately; I have noticed more and more that they are placing a 10 K bid deposit on more and more items that only end up selling for a few hundred dollars. What on earth is the point of blocking out bidders with a high bid deposit on cheap lots? I sometimes want to bid on these lots, but if i give them a 10 K deposit I can't bid on anything else in that event because all my money is tied up in a deposit.
__________________ I drive a truck named: "The Big Green Cow" That is what happens to your manhood when you have kids
What other than fired brass has a $10K bid deposit. And even that, it's usually over 10k pounds in the lot. It's probably a way to get the non-serious bidders from finding out what the lot hammered down at, as it more-or-less sets a 'minimum acceptable bid' amount. What did you see that went for far less than the bid deposit? The real bidding on fired brass rarely starts before 5:30 (official end time was 5pm) and has lasted past 9:30, or at least that is when I gave up watching!
__________________
Mike KK4AIF
M109A3 Shop Van (G4-3
M35A2 Cargo Truck (G4-39)
S-280 Commo Shelter (bunk house on M-36)
MKT-85 Kitchen Trailer (G4-T1)
M36A2 Cargo Truck (G4-40)
2nd M35A2 Cargo Truck (G4-41)
2nd M109A3 Shop Van (G4-42)
M105 Trailer (G4-T2)
MJQ-18 Trailer (10 KW Power Plant) (G4-T3)
MKT-85 Trailer as FST (G4-T4)
MJQ-16 Trailer as water trailer using IBC (G4-T5)
M105 Tan trailer (at poppop's, need to pick up)
Why a 10 K bid deposit?
