Are either or both auctions "Absolute"?
If they are not Absolute, is there any way of knowing what the items reserve is?
Thanks Dan for the lesson on the actual laws.
Like Lonnie said, the way I see it, if you are on the road anyways, the more chances to buy the better. From what I have seen, both auctions have some nice stuff listed. I will bet not everyone will protest the second auction and let the stuff sell at bottom $$ price. Barrett Jacksons last auction had petro stuff bring very strong crazy money. Auman and Matthews and now Morphy also have/ had a good following and their stuff commanded good money also. New auction companies or companies people are not familiar with may not pull top money for items because of a lack of a good auction company reputation. This can be a good thing for the buyers, not so good for the sellers. Two auctions in one day would probably be tiring to sit through but I will bet there will be people there to bid at the second auction when the Sinclair aircraft sign sells. Iowa Gas used to have a two day auction, cans the first night, signs the second day. This always worked well from what I have seen. I also remember a three day auction a few years ago when a guy sold his collection. I myself thought that was a bad idea but it was his stuff to sell any way he wanted. Two auctions the same day in the same area may divide up the buyers and lower prices. Or it just may bring in more people and result in higher prices? At the end of the day, everyone will have their own opinion but it will be about impossible to say that the item I consigned at auction A would have brought more money if auction B didnt happen on the same day. Time will tell after the hammer falls if the auctions are rated as a good auction or one where things went cheap..
