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  1. porkysplace

    Whats up with the sealed biding

    For years our local county road commision used sealed bid auctions for their surplus equipment . About 5 years ago they switched back to live auctions because things have been bringing 3 to 4 times as much as sealed bid auctions. As for GL and the theory it favors big dealers , I don't see...
  2. porkysplace

    Whats up with the sealed biding

    The same could be said about the end of live auctions ,when they switched to internet auctions . Think about how things you sit at your computer and bid on , how many of those auctions could you have made in person ? With sealed bid you put your best bid out and you either win or lose , with the...
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