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Old 1st Oct 2020, 1:21 pm   #9
Radio Wrangler
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Join Date: Mar 2012
Location: Fife, Scotland, UK.
Posts: 22,902
Default Re: Skegness auction

Factor in the risk to what you decide is the limit you'll pay.

If someone else outbids you, well, they've just taken a bigger risk than you were prepared to take. Walk away knowing there's a good chance you've made the right decision.

The more dealers bid, the thinner their margins become. They can ask for more when they come to re-sell, but that risks things hanging around, taking space, earning nothing. They have to be finely tuned to the limits of what they should pay. They may be involved in a specific model to the point of having a steady flow and if they can make three good boxes out of four due to turnover, they have less risk than you'd see buying one box.

Make a sensible bid limit allowing for auction fees and risk factor, then don't lose any sleep.

David
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