My fiancĂ©‘s best friend has a coin and antique shop, so he frequents these things. We had asked him to keep an eye out for an engagement ring for us, and he gave us a link for an auction and we saw one that looked interesting. When we got there, the photo had not done it justice and I really wanted that ring.
We had to sit through many lots of items before it came up. They had two auctioneers who would alternate after an hour or so, and there was an area of tables with phones where people bid over the phone, which was annoying because it held the whole process up, and the auctioneers would get impatient, too. They also had online bids, but I recall that people had entered opening and maximum bids that only the auctioneer could see, so the auctioneer would comment on behalf of the internet bidders as the bidding advanced. People bidding had numbered paddles that they held up to bid, so there weren’t any accidental bids.
As we prepared for our number to go up, our friend asked, what he should do if the bid goes over what we told him our maximum was, so I gave him the absolute highest amount we could pay – about $400.00 more – then anxiously sat beside him as it went up, and the person across from us kept bidding, and took us to our first limit, so I nudged our friend to continue. The other person took us right to our absolute maximum, but we won! It was nerve wracking.