Quote:
Originally Posted by TCLGirls
It's a tactic by the auctioneer to "hype up the crowd" in an effort to get many bids in...to make it seem like there's lot of activity, even when there's not. Imagine of the auction was dead silent.
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Correct. I have been to many storage unit auctions and most of them are just run by the manager of the facility not an auctioneer. They just stand there and take bids and often the units will go for less money. The auctions I have been to with an auctioneer seem to get more bids and the units went for more because he kept the bidder's attention and creates a sense of urgency.