I will be sitting in on the acution and will note what boats sold
for--and how much damage.
In my opinion, an auction is one of the worst ways to buy something
because something I can describe only as "auction fever" takes over, and
you often end up paying more for something than it's really worth, or
that you would have paid for it if it were offered for sale "normally"--
in a store or from an individual. True, you can sometimes get a bargain
at an auction, and something like e-Bay is a frequent source of good
prices on things. But even the e-Bay auctions can get you to pay more
for something than you might otherwise have to pay, assuming you could
find the item somewhere else to begin with.
Evidence of this "auction fever" can be seen at every major art or
artifact auction. The appraisers figure Babe Ruth's bat or such and
such a Picasso will go for "x" amount of money. Invariably these things
go for more, often way more, than the initial estimate. Auctions are
great for the sellers, and usually not so great for the buyers from a
price point of view. I've been to a few auctions, and even been the
high bidder on some items. The competition between bidders on a
desirable item often drives the price way above what that same item
would have been priced in an antique store, art gallery, etc.
Even on e-Bay, you see the "name" of the person bidding against you on a
piece of china or something, and a "I'm not going to let that guy get
it" mentality sets in and you can end up bidding far more for the item
than you would have considered spending if you saw the same item on
display and priced in a store.
I'm not saying people shouldn't go to auctions and bid on stuff. But it
sure seems like the ideal way to spend more than you want to on
something that isn't worth what you paid for it.
C. Marin Faure
GB36-403 "La Perouse"
Bellingham, Washington