Tuesday, September 15, 2009

Bottom feeders grab bargains

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A great way to catch auction bargains is called “bottom feeding.” An item that either didn’t sell or didn’t get the seller’s reserve price is called a passed lot. You can place a private bid on that item immediately after it is taken off the block. It can be a little more work and take some time, since the auction house must contact the seller. But if the seller is willing, you could walk away with a great buy.



All the best,



Timben

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