Old timers running up newbies...and other old timers !

This is a cut and paste from a response I gave in another forum, but I think it might deserve its own thread in case the new and old want to respond to this phenomenon.

C&P:

Newbies will be run up and that's a fact. Been going on for years, not just since the tv shows.
Logic is to have them spend their money, get a lesson in economics and move on. It's a business not a charity organization of like minded entrepreneurs.

Meanwhile, look at this side of bidding someone up. Sometimes the person trying to take the other person for a ride will get STUCK with the unit when the other bidder stops bidding. You have to know how to read people...know when to hold 'em and when to fold 'em.

I saw an experienced buyer do this just the other day. He winked at me when he bid $400 for a locker that I would have paid $200 for. His face quickly changed when the other guy stopped and my friend got his $400 lkr. I offered him $200 for it but he decided to tough it out. I have seen people cut their losses though and this is yet another way of making money.

By the way, experienced bidders will do this to other experienced bidders. Some bidders are hogs who want to get every locker; if this is the case some of the other old timers will make them pay for the privelege. Once again, it's a business not a tea party.