When will they start setting hidden reserves, about six years ago I'd say, I was to a sale and tried to buy a dozer and a semi, both went for way more than they were worth, which kind of caught me off guard, but since I'd done my homework I had the serial numbers of both units, those same two units sold over 9 times between the two over the next two years on RB auctions throughout the country, that is unless both manufacturers made identical models with the same serial number and model number on numerous models? No buybacks, yea about that, maybe they call it, "no let goes" or "we'll try again" or "maybe more next time" instead of absolute sale, which it might be but they never claim "when" the absolute sale is going to be though do they? When I asked about the same machine going through multiple sales I was told the buyer didn't come through with payment, nine different times?
As for other auctions, the more money one company makes in any business the more likely there'll be others follow suit and do the same thing, especially if people figure out where they are the most vulnerable and are lacking in services. Internet auctions and small time sales sites are cropping up, more every day and there will be still more to come, all they need is equipment to sell and for purple wave they get it by making the buyer pay the fee's, not the seller, others have lower than rb commissions or inspections or internet auctions or long term internet bidding, days instead of minutes, and a host of other ideas that people want or are handy to use.
What goes around comes around and everything has its day, some have more days than others but none remain on top forever, nor ever will, someone always has something more to offer for less and its always harder to keep market share than take it away from someone else, the larger the scale the harder this is to achieve, keep market share that is.
As for other auctions, the more money one company makes in any business the more likely there'll be others follow suit and do the same thing, especially if people figure out where they are the most vulnerable and are lacking in services. Internet auctions and small time sales sites are cropping up, more every day and there will be still more to come, all they need is equipment to sell and for purple wave they get it by making the buyer pay the fee's, not the seller, others have lower than rb commissions or inspections or internet auctions or long term internet bidding, days instead of minutes, and a host of other ideas that people want or are handy to use.
What goes around comes around and everything has its day, some have more days than others but none remain on top forever, nor ever will, someone always has something more to offer for less and its always harder to keep market share than take it away from someone else, the larger the scale the harder this is to achieve, keep market share that is.
