> [auction] people get caught up in the competition and drive the price up to 
> stupid amounts.

I noticed this at an equipment auction.  Some cheap-ass drill press went for 
MORE
than a new one from Harbor Freight, and which would have had a warrantee.
Just one example, of many.

> If I do use an auction, I set my high limit and then walk away if it is 
> exceeded.


Exactly.  Always always always when bidding use your slow analytical brain to
determine what you're willing to pay, up front, and stick to your limit 
rigorously.
Same when gambling.  (Which I guess this is.)

-- Jim


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