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The second number is what the next bid needs to be in order to become the "high bidder", otherwise known as "the current man on". In between the numbers are "filler words" which are what the auctioneer says to tie the chant together making it smooth and rhythmic. Filler words serve as a thinking point for both the auctioneer and the bidders.
Auction sniping (also called bid sniping) is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which may be hidden) as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper.
Charlie Ross (born June 1945 in Buckinghamshire, England) is a British antiques expert, presenter and auctioneer, known for regular appearances on several BBC Antique programmes. Professional career [ edit ]
Dummy bid (a/k/a "ghost bid") – a false bid, made by someone in collusion with the seller or auctioneer, designed to create a sense of increased interest in the item (and, thus, increased bids). Dynamic closing – a mechanism used to prevent auction sniping , by which the closing time is extended for a small period to allow other bidders to ...
The seller or auctioneer hires confederates to call out the phantom bids. If the phantom bid is the winner, the lot is hidden and comes back around for a second auction, or the second-highest legitimate bidder is informed that the first bidder was unable to make payment.
Laura Dotson (born May 13, 1968) is an American auctioneer who has been in the auctioneering business since 1988. She and her husband, Dan Dotson, run American Auctioneers, a full service auction company in Riverside, California. She is best known for being the auctioneer on A&E Network's Storage Wars.