If you spend any amount of time in rural America you will likely see signs that indicate an auction is planned. In some cases these auctions are the sign that hard luck finally met the banker and neither were thrilled at the meeting. A family could be displaced from a home or farm, a businessman could be liquidating assets to satisfy creditors or the passing of someone in the community has rendered their property and goods to an estate auction.
An auction never really seems to be good news for the person who is forced to initiate the sale.
For the bargain hunter an auction can be good news. Items can be purchased at a significant discount and one of a kind items are common in auctions.
Many individuals have been able to drive away in a car paying very little following the repossession of the vehicle by the bank. Property can be obtained in a tax auction for pennies on the dollar as county governments work to simply regain property tax losses.
Auctions can often be the visible demonstration that life has not dealt kindly with someone.
On the other hand there are auctions of highly valued items that are designed specifically to obtain the...
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