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Man Struggling to Pay Bills In Shock As a Family Heirloom’s Auction Price Changes His Life Forever
Ijreview ^ | August 17, 2014 | George Morgan

Posted on 08/17/2014 11:20:40 AM PDT by Hojczyk

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To: dfwgator

Loan shark interest rates


81 posted on 08/17/2014 4:56:56 PM PDT by Figment
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To: Figment

So what’s the alternative? Having no means to get cash in a pinch at all?


82 posted on 08/17/2014 5:04:58 PM PDT by dfwgator
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To: Hojczyk

What a heartwarming story. Thanks for sharing.


83 posted on 08/17/2014 5:44:08 PM PDT by jch10 (WHAT DO YOU EXPECT FROM THE COYOTE IN CHIEF?)
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To: Utah Binger

Looks like a winning ticket to me.


84 posted on 08/17/2014 5:46:54 PM PDT by jch10 (WHAT DO YOU EXPECT FROM THE COYOTE IN CHIEF?)
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To: warsaw44

The buyer’s premium is a just a sneaky way to make more money.

They make no secret that it’s there, but in the heat of the bidding battle, you only think about the number the auctioneer is calling for, you don’t have time to make the mental calculation to add the premium into the bid price.

As a result, if you aren’t disciplined (and many bidders aren’t), you end up paying more than you really want to.

Auctioneers count on this.

If bidders operated logically, they would simply not bid as high with the premium as they would without it, but once emotion takes over, logic goes out the door.

Auctioneers will tell you that the premium allows them to charge the consignor a lower rate, but I think that’s really just BS.


85 posted on 08/17/2014 5:55:28 PM PDT by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: dfwgator
If you like 2 cents on the dollar and usury interest rates go ahead.
86 posted on 08/17/2014 6:00:32 PM PDT by Figment
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To: dfwgator

I don’t buy from pawn shops either. A very high portion of their merchandise is stolen


87 posted on 08/17/2014 6:03:53 PM PDT by Figment
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To: Hojczyk

Great story, and the blanket is beautiful. What a work of art.


88 posted on 08/17/2014 7:16:43 PM PDT by Conservative4Ever (waiting for my Magic 8 ball to give me an answer)
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To: Fungi

Waddya mean ALMOST?!?


89 posted on 08/17/2014 8:49:30 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: BigCinBigD

I think the fee is paid by the buyer.....


90 posted on 08/17/2014 8:54:50 PM PDT by goat granny
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To: Utah Binger

Hey!

I had WONDERED what had happened to my blanket I bought off of that fellow down at Kaibito!

It musta fell outta my van when I was visiting you a few years ago.


91 posted on 08/17/2014 8:58:30 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Elsie

The fella down at Bluff was REALLY interested in it!


92 posted on 08/17/2014 9:01:54 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Hojczyk

Ahhhh....a good news story for a change. Wonderful! :)


93 posted on 08/18/2014 6:05:25 AM PDT by luvie (All my heroes wear camos! Thank you David, Michael, Chris Txradioguy, JJ, CMS, & ALL Vets, too!l)
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To: Hojczyk

Wow


94 posted on 08/29/2014 1:36:52 PM PDT by b9 (II Timothy 1:7)
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