First of all, I kind of hate auctions. I never feel good about the amount I've paid. Did I buy because the price was good or because I got caught up competing against others? Plus, I've been burned by eBay. It's not like I ever bid $40,000 for a lock of Justin Bieber's hair (remember that?) but I did buy some antique transferware plates that, when arrived, had 'microwave safe' stamped on the back. I felt like I'd been had.
In some ways, the process of an auction can undermine any hope for a trusting relationship between buyer and seller. All focus is on a single transaction in which the seller tries to extract the highest price possible and the buyer must weigh his wants against the market forces and the seller's greed. Awful!Read More