Red Green and Blue recently posted an article about an activist who wrecked havoc at an auction by the Bureau of Land Management. The bidder essentially ran up the price on several tracts to knock out other bidders, while having no intent to actually purchase the properties himself.
We all have difficulties with bidding mistakes from bidders who are perhaps not well-informed as to the terms of the sale, or disruptions from bidders who are unhappy about the way an auction is being conducted. Politics aside, how would you deal with this type of economic terrorism from activists during an auction?
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Aaron Traffas
twitter.com/traffas | aarontraffas.com | aarontraffasband.com
Aaron Traffas is an auctioneer from Sharon, Kansas. For over two decades, he worked for
Purple Wave. Aaron served as president of the
Kansas Auctioneers Association in 2017 and on the
National Auctioneers Association Education Institute Board of Trustees from 2009 through 2013. He is a past instructor at CAI and co-wrote the original ATS and AMM designation courses from NAA. An active contract bid caller, he has advanced to the finals in multiple state auctioneer contests.
Aaron now operates a farm in south central Kansas and serves as a benefit auctioneer and an occasional contract bid caller. Aaron is an active singer and songwriter and the
Aaron Traffas Band's latest music can be found at aarontraffasband.com as well as
Spotify,
Apple Music and
Amazon.
By Robert Mayo 23 December 2008 - 12:07 pm
I guess that is where it makes sense to require having a strong deposit in hand prior to bidding. This will ensure that any damages incurred can be made right.
By Robert Mayo 23 December 2008 - 5:07 pm
I guess that is where it makes sense to require having a strong deposit in hand prior to bidding. This will ensure that any damages incurred can be made right.