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eBay Auction Bidding Strategies--Overcoming the most Frustrating Situation on eBay


The Problem...

It's happened to the best of us.

You've been watching the auction all week, and finally you're about to claim your prize--a rare bronze statue from the Qing Dynasty. Or something just as tantalizing.

You log on a few minutes before the auction closes, and confirm that you're still the top bidder -- no one has challenged you in several days. You're already picturing "your" statue prominently displayed on the living room mantelpiece, your friends green with envy as you tell them about the great deal you got on eBay. You refresh the page a few times, to make sure you're still number 1. You even up your bid a little just to make sure no body tries to outbid you at the last minute.

50 seconds to go...30...10...the auction has ended and the statue is yours!! You refresh the page for the last time so you can see your eBay ID announced as the winning bidder. And that's when your heart drops to your toes. It's not your eBay ID at all, but some joker who calls themselves "SpeedyFingers123".

How could this have happened?

You were the winning bidder with only 10 seconds to go!! Speedy or not, it just doesn't seem humanly possible.

Well, you're right. No one is that fast. SpeedyFingers123 (I made that one up, so if it's your actual eBay ID, please don't sue me!) won the auction in the final 4 seconds. It isn't humanly possible because "speedy" didn't actually place the bid. The bid was place on his or her behalf, from a remote server, using something called Bidding Software.

You've Been Sniped!

The act of placing a bid during the final seconds of an online auction is called "Sniping" and it's perfectly legal on eBay. Bidding wars and sniping are an eBay sellers dream and a buyer's nightmare. Why, you're asking yourself, don't these people just use eBay's trusty proxy bidding process? Why not just discreetly enter the maximum they're willing to pay at the beginning of the auction, then let the cards fall where they may? Well, for a couple of reasons. First, it's not human nature. If all you have to do is outbid the next guy by fifty cents or even five dollars to win, wouldn't you?

Second, it doesn't make economic or strategic sense to place a bid anytime before the last five minutes of an auction.

Think about it. eBay encourages bidders to use the proxy system and place bids early. What this means is that an inexperienced bidder who wants an item will want to be the highest bidder right away, and will keep upping their bid to hold that winning position. They'll only stop when the bidding exceeds their budget. Then the next guy comes along and continues the process. If this starts at the beginning of a seven or ten day auction, and ends with a bidding war in the last 10 minutes, the final price for the item can spiral out of control. Many items sell for far more than fair market value because people get caught up in "bidding fever" -- all they want is to WIN, they're not even thinking about whether the price is realistic.

What to Do?

A better strategy would be for everyone to "watch" the auction until the very end. Again, there's two good reasons. One, the price doesn't spiral up as just illustrated. Two, the auction has zero bids, so it attracts fewer bidders-- less competition. It's a fact that once an auction has at least 1 bid, it becomes a magnet for additional bidders. Shoppers scanning an auction page tend to jump to the ones with bids, figuring there must be something that attracted other bidders. The more bids, the more interesting the item looks.

Wouldn't it be great if a seller started a two carat diamond ring at $0.99 and no one bid until the last five minutes, and they all bid in fifty cent increments? Someone might win the ring for just a few bucks!! Of course, that never happens, but it would be the ideal situation for a buyer-- and it would put eBay out of business in a hurry. eBay encourages early bidding and smiles upon the snipers of the world. eBay makes their profits on listing fees and "final value" fees. The more the item sells for the higher the "final value". This makes eBay very happy. That's why you'll never find any tutorials anywhere on eBay telling you to wait until the end of an auction to bid.

The Solution...

OK, so now that we understand the benefits of sniping, lets get back to our friend "SpeedyFingers123". Speedy probably started out in life just like I did. She learned everything she knew about eBay from eBay and never realized there was such a thing as bidding software. Never knew a computer could do your sniping automatically, bid on your behalf in the last 2 to 8 seconds of an auction, and do it while you're asleep. With sniping software, you tell the software program which auctions you're interested in and how much you're willing to pay. eBay never knows you've seen the auction until your friendly sniping service swoops in and places your bid with only seconds to spare. Neither does your competition. They never see you coming. The only way you can lose is if someone else uses the same program sets their maximum bid higher than yours.

(Yes, my friend, you can still lose. There's no guarantee of winning an auction no matter what system you use, if someone else is willing to pay more. If you set your maximum bid at a million dollars for a hunk of Elvis' belly button lint and some nut is willing to pay a million ten, you're still going to lose!)

"Bidding Fever" Cured

Let's face it, there IS a positive side to losing an auction. It's the satisfaction of knowing that you didn't lose your head and spend more than you could afford!! Trust me, I've been there, done that, and come to regret it. With sniping programs, you can "set it and forget it" and walk away knowing that if you don't win, you couldn't have afforded it anyway.

What's that I hear you saying? "But I could have had it if I'd just upped my bid by another fifty cents!" Hey, did you listen to anything I just said? Do you want to drive yourself nuts? It's only stuff, after all. You can't take it with you, and there will always be more. The beauty of eBay is that there will probably be another just like it, or at least something just as fabulous.

You're in Control

There's another big advantage to using bidding software. Two things, actually. First, sniping programs allow you to do something called "contingency bidding". Suppose you're interested in several very similar items and you want to win at least one of them but not all. Provided they're not all ending at the same time, you can create a contingency plan telling the bidding software to cancel your bids on the other items as soon as you win one of them.

Second, you can change your mind about an item you're bidding on at any time (except in approximately the last 15 minutes). On eBay, it's a huge "no-no" to retract a bid. You can only do this under the most dire of circumstances. Do it too many times you'll be politely asked to leave. Permanently. But, because eBay doesn't register your bid until the Sniping program enters it for you, (at the very end of the auction) you can cancel your "snipe" with no penalty. You're canceling what you've programmed into the sniping software, not an actual bid on eBay. Isn't that nice? No more "watching" an auction you're unsure about, and then forgetting to bid on it. No more babysitting your computer so you can be there for the final moments of the auction. No more finding out you've read the description wrong and you're bidding on an item you don't want. Or finding something you like better after you've already committed yourself to another item, and having to pass on it. (Or worse, spending way too much on both!) And, finally, you have the satisfaction of knowing that winning doesn't depend on the speed of your fingers or your internet connection.

Believe me, the first time you snatch an item away from SpeedyFingers123-- or anyone else for that matter-- you'll be hooked.

© 2004 NetBrainer LLC. An eBay Power Seller and rabid eBay shopper, Carolyn Schweitzer is the owner and editor of "NetBrainer", a site dedicated to improving the performance of buyers and sellers on eBay. (You can learn more about sniping programs at NetBrainer.com ). Carolyn also provides weekly recorded tips on eBay for "Third Mind USA Small-Biz radio".


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Wed. December / 01 / 2021

Turbocharged by the Pandemic, Wine Auctions Evolve | Wine Enthusiast - Wine Enthusiast Magazine Online
Turbocharged by the Pandemic, Wine Auctions Evolve | Wine Enthusiast  Wine Enthusiast Magazine Online

Pre-Thanksgiving Auctions Give Jeff Evans Much To Celebrate - Antiques and the Arts Online
Pre-Thanksgiving Auctions Give Jeff Evans Much To Celebrate  Antiques and the Arts Online

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Nostalgic Biff-Burger restaurant to be sold at auction  St Pete Catalyst

Camp CaPella's annual auction taking place virtually, again - WABI
Camp CaPella's annual auction taking place virtually, again  WABI

'The One' could be auctioned January; priced at $250 million - Los Angeles Times
'The One' could be auctioned January; priced at $250 million  Los Angeles Times

Auctions in Ohio and Indiana demonstrate strength of cropland market - Agri-News
Auctions in Ohio and Indiana demonstrate strength of cropland market  Agri-News

Highlights from December's auctions: from an unseen Schiele to the first ever postage stamp - Art Newspaper
Highlights from December's auctions: from an unseen Schiele to the first ever postage stamp  Art Newspaper

Simon de Pury Has Presided Over Hundreds of Auctions. Here’s His Take on What the New York Sales Tell Us About the Future - artnet News
Simon de Pury Has Presided Over Hundreds of Auctions. Here’s His Take on What the New York Sales Tell Us About the Future  artnet News

UK plans seven gilt auctions in early 2022 - Reuters
UK plans seven gilt auctions in early 2022  Reuters

Pokémon TCG Water Blast Jungle Theme Deck On Auction At Heritage - Bleeding Cool News
Pokémon TCG Water Blast Jungle Theme Deck On Auction At Heritage  Bleeding Cool News

Polkadot's Second Parachain Auction Is Looming Large on the Horizon - FinanceFeeds
Polkadot's Second Parachain Auction Is Looming Large on the Horizon  FinanceFeeds

‘Marvel’s The Punisher’ Prop Store Auction Kicks Off - Marvel Entertainment
‘Marvel’s The Punisher’ Prop Store Auction Kicks Off  Marvel Entertainment

Cleveland sports memorabilia – modern and old – up for auction this month - cleveland.com
Cleveland sports memorabilia – modern and old – up for auction this month  cleveland.com

Catherine the Great Letter Up for Auction Shows Her Support for Inoculations - The New York Times
Catherine the Great Letter Up for Auction Shows Her Support for Inoculations  The New York Times

Phillips and Poly Auctions Rake in $86 Million in Their Latest Joint Sales in Hong Kong, Signaling a Big Boost From Last Year - artnet News
Phillips and Poly Auctions Rake in $86 Million in Their Latest Joint Sales in Hong Kong, Signaling a Big Boost From Last Year  artnet News

Federal Oil, Natural Gas Auctions Facing Changes as Interior Proposes Higher Royalty Rates - Natural Gas Intelligence
Federal Oil, Natural Gas Auctions Facing Changes as Interior Proposes Higher Royalty Rates  Natural Gas Intelligence

Niabi Zoo's online auction for African Painted Dogs starts today - Quad City Times
Niabi Zoo's online auction for African Painted Dogs starts today  Quad City Times

Secondhand car auction platform Motorway hits unicorn status after $190M raise with Index, ICONIQ - TechCrunch
Secondhand car auction platform Motorway hits unicorn status after $190M raise with Index, ICONIQ  TechCrunch

AUCTION PREVIEWS Tues. November 30th Real Estate Pennellville, NY Brzostek's - NNY360
AUCTION PREVIEWS Tues. November 30th Real Estate Pennellville, NY Brzostek's  NNY360

TRAI releases consultation paper to discuss pricing, modalities for auction of 5G spectrum - The Tribune
TRAI releases consultation paper to discuss pricing, modalities for auction of 5G spectrum  The Tribune

More than a dozen vehicles stolen from Parkland auto auction lot - KIRO Seattle
More than a dozen vehicles stolen from Parkland auto auction lot  KIRO Seattle

Celebration of Trees auction benefits Albany B&G Club - Corvallis Gazette Times
Celebration of Trees auction benefits Albany B&G Club  Corvallis Gazette Times

Galatoire Foundation opens annual Christmas Auction - WDSU New Orleans
Galatoire Foundation opens annual Christmas Auction  WDSU New Orleans

Maynards Industries to Auction Top Quality Assets From Renowned Heavy Stamping Facility Turnkey Opportunity to Purchase Real Estate Complete With Equipment - Murfreesboro Post
Maynards Industries to Auction Top Quality Assets From Renowned Heavy Stamping Facility Turnkey Opportunity to Purchase Real Estate Complete With Equipment  Murfreesboro Post

RESULT OF RIKSBANK REVERSED AUCTIONS KOMMUNINVEST BONDS - GlobeNewswire
RESULT OF RIKSBANK REVERSED AUCTIONS KOMMUNINVEST BONDS  GlobeNewswire

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'Big Island Collection' of Hawaiian Coins, Tokens in Heritage Auctions US Coins Event  CoinWeek

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EPEX SPOT power exchange set to launch guarantee-of-origin auctions  Nasdaq

Contents of Tennessee’s largest mansion up for auction - WATE 6 On Your Side
Contents of Tennessee’s largest mansion up for auction  WATE 6 On Your Side

Houndstooth hat, Alabama cap found under seat of Bear Bryant’s 1972 Cadillac up for auction - al.com
Houndstooth hat, Alabama cap found under seat of Bear Bryant’s 1972 Cadillac up for auction  al.com

Things I Learned About Namecheap Auctions - DomainInvesting.com
Things I Learned About Namecheap Auctions  DomainInvesting.com

Hollywood heirlooms under the hammer in blockbuster auction - FRANCE 24
Hollywood heirlooms under the hammer in blockbuster auction  FRANCE 24

A Breakdown of How Much Kanye West's Fleet of Wyoming Trucks Sold for at Auction - HYPEBEAST
A Breakdown of How Much Kanye West's Fleet of Wyoming Trucks Sold for at Auction  HYPEBEAST

Another Brazilian city auctions off street lighting under PPP - BNamericas English
Another Brazilian city auctions off street lighting under PPP  BNamericas English

Mediterranean-Style Villa Near Philadelphia, Pennsylvania to Auction No Reserve via Concierge Auctions - EIN News
Mediterranean-Style Villa Near Philadelphia, Pennsylvania to Auction No Reserve via Concierge Auctions  EIN News

ESTATE AUCTION Dec 11, 9am, 35510 Millard Rd, St. Helens - St. Helens Chronicle
ESTATE AUCTION Dec 11, 9am, 35510 Millard Rd, St. Helens  St. Helens Chronicle

Luxury Streetwear Goes on the Auction Block at Christie's - Sourcing Journal
Luxury Streetwear Goes on the Auction Block at Christie's  Sourcing Journal

Local baseball legend’s jersey headlines Lelands Auctions with Tom Brady rookie card - WGNO
Local baseball legend’s jersey headlines Lelands Auctions with Tom Brady rookie card  WGNO

Arts for All to host auction, virtual gala - Lawton - KSWO
Arts for All to host auction, virtual gala - Lawton  KSWO

Archdiocese of Santa Fe properties set to be up for auction in January - Albuquerque Business First - Albuquerque Business First
Archdiocese of Santa Fe properties set to be up for auction in January - Albuquerque Business First  Albuquerque Business First

Watch Out, Sotheby’s: 1stDibs Is Entering the Auctions Realm - Architectural Digest
Watch Out, Sotheby’s: 1stDibs Is Entering the Auctions Realm  Architectural Digest

Stokes, Archer released from IPL's Royals ahead of auction - Yahoo Sports
Stokes, Archer released from IPL's Royals ahead of auction  Yahoo Sports

Livingston County auctions 27 foreclosed properties | Local News - The Livingston County News
Livingston County auctions 27 foreclosed properties | Local News  The Livingston County News

Boca Raton Man Charged With Organized Fraud, Allegedly Ran Bogus Auctions Nationwide - BocaNewsNow.com
Boca Raton Man Charged With Organized Fraud, Allegedly Ran Bogus Auctions Nationwide  BocaNewsNow.com

YMCA’s Bid for Kids Online Auction - WJHL-TV News Channel 11
YMCA’s Bid for Kids Online Auction  WJHL-TV News Channel 11

This Is a Design Auction You Won’t Want to Miss - Elle Decor
This Is a Design Auction You Won’t Want to Miss  Elle Decor

Important Fine Art & Antiques at Shapiro Auctions Dec. 4 - PRNewswire
Important Fine Art & Antiques at Shapiro Auctions Dec. 4  PRNewswire

Royal Ballet dancer to auction world’s first ballet NFTs - The Guardian
Royal Ballet dancer to auction world’s first ballet NFTs  The Guardian

David Hockney Remains the Top Living Artist With $132 Million in Auction Sales in 2020 - Barron's
David Hockney Remains the Top Living Artist With $132 Million in Auction Sales in 2020  Barron's

Sotheby’s, Realogy make winning bid for Concierge Auctions - The Real Deal
Sotheby’s, Realogy make winning bid for Concierge Auctions  The Real Deal

December concert, car auction to benefit deputy shot in the line of duty - WLOS
December concert, car auction to benefit deputy shot in the line of duty  WLOS

Lil Baby And Ne-Yo Support The ASCAP Foundation Holiday Auction With One-Of-A-Kind Experiences - Forbes
Lil Baby And Ne-Yo Support The ASCAP Foundation Holiday Auction With One-Of-A-Kind Experiences  Forbes

Reports: No more mega auctions to be held after IPL 2022 - CricTracker
Reports: No more mega auctions to be held after IPL 2022  CricTracker

Rare Einstein manuscript that 'almost miraculously' survived sold for more than $13 million in Paris auction - The Washington Post
Rare Einstein manuscript that 'almost miraculously' survived sold for more than $13 million in Paris auction  The Washington Post

Ancient Marble Sculpture ‘The Hamilton Aphrodite’ Reappears at Auction After More Than 72 years - Barron's
Ancient Marble Sculpture ‘The Hamilton Aphrodite’ Reappears at Auction After More Than 72 years  Barron's

New York's November Auctions Mark a Return To Billionaire-Level Art Prices - Bloomberg
New York's November Auctions Mark a Return To Billionaire-Level Art Prices  Bloomberg

Knox County Career Center online auction of themed baskets returns to benefit Food For The Hungry - knoxpages.com
Knox County Career Center online auction of themed baskets returns to benefit Food For The Hungry  knoxpages.com

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Weaker preliminary clearance rates as the volume of auctions reaches new record highs  CoreLogic Property News

'Firsts Into Film' at Heritage Auctions | Fine Books & Collections - Fine Books & Collections Magazine
'Firsts Into Film' at Heritage Auctions | Fine Books & Collections  Fine Books & Collections Magazine

Karl Lagerfeld Estate Auction to Kick Off With Dinner in Monaco - WWD
Karl Lagerfeld Estate Auction to Kick Off With Dinner in Monaco  WWD

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Blue Box Auction Gallery Features Large Collection of African American Art and Sculpted Works  Inside NoVA

Deere Strike Ignites Bidding Wars for Used Tractors - Bloomberg
Deere Strike Ignites Bidding Wars for Used Tractors  Bloomberg

Pamplin Media Group - Hospice Christmas Auction a hybrid event - Pamplin Media Group
Pamplin Media Group - Hospice Christmas Auction a hybrid event  Pamplin Media Group

Big money, new collectors: the low-down on the New York auctions - Art Newspaper
Big money, new collectors: the low-down on the New York auctions  Art Newspaper

Santa display returns to Flint City Hall 8 years after emergency manager sold it at auction - mlive.com
Santa display returns to Flint City Hall 8 years after emergency manager sold it at auction  mlive.com

Morphy's Dec. 7-8 auction features Tiffany lamps, fine jewelry, Amphora pottery, European glass, paintings - ArtfixDaily
Morphy's Dec. 7-8 auction features Tiffany lamps, fine jewelry, Amphora pottery, European glass, paintings  ArtfixDaily

Bond Traders on Rocky Path Prepare to Face Auctions - Bloomberg
Bond Traders on Rocky Path Prepare to Face Auctions  Bloomberg

Versailles Rehab Center invites public to Silent Wreath Auction - sidneydailynews.com
Versailles Rehab Center invites public to Silent Wreath Auction  sidneydailynews.com

Kanye West Auctions Off Fleet of Trucks and SUVs in Wyoming - Vanity Fair
Kanye West Auctions Off Fleet of Trucks and SUVs in Wyoming  Vanity Fair

Softball auction set for Dec. 10 - nsudemons.com
Softball auction set for Dec. 10  nsudemons.com

The Online-Auction Vortex - Curbed
The Online-Auction Vortex  Curbed

This mall in downtown Peoria is up for auction; its owner is selling after 24 years - Peoria Journal Star
This mall in downtown Peoria is up for auction; its owner is selling after 24 years  Peoria Journal Star

Bearded Yuan Shih-Kai Transitional Coin in Stack's Bowers December Collectors Auction - CoinWeek
Bearded Yuan Shih-Kai Transitional Coin in Stack's Bowers December Collectors Auction  CoinWeek

Geneva Watch Auctions Prove That Younger Buyers Are Getting in on the Game - Robb Report
Geneva Watch Auctions Prove That Younger Buyers Are Getting in on the Game  Robb Report

Walter Mercado's Capes, Jewelry Hit The Auction Block - CBS Miami
Walter Mercado's Capes, Jewelry Hit The Auction Block  CBS Miami

Top tips for bidding in a hot property auction market - The Sydney Morning Herald
Top tips for bidding in a hot property auction market  The Sydney Morning Herald

Treasury to trim debt auctions that accelerated in pandemic - The Seattle Times
Treasury to trim debt auctions that accelerated in pandemic  The Seattle Times

Mexico is Trying to Stop Two Auctions of Pre-Columbian Artifacts in Paris - ARTnews
Mexico is Trying to Stop Two Auctions of Pre-Columbian Artifacts in Paris  ARTnews

Gemcap Solutions, LLC to Auction the Inventory, Equipment and Intellectual Property of Visionary Nutrition, LLC. Via Public Sale - PRNewswire
Gemcap Solutions, LLC to Auction the Inventory, Equipment and Intellectual Property of Visionary Nutrition, LLC. Via Public Sale  PRNewswire

More 2021 American Eagle gold bullion errors sold in auctions - Coin World
More 2021 American Eagle gold bullion errors sold in auctions  Coin World

Bidders preview wide variety of vehicles, miscellaneous items at Clark County auction - KTNV Las Vegas
Bidders preview wide variety of vehicles, miscellaneous items at Clark County auction  KTNV Las Vegas

The new masters: How auction houses are chasing crypto millions - The Japan Times
The new masters: How auction houses are chasing crypto millions  The Japan Times

Art houses boost sales with digital auctions - Morning Brew
Art houses boost sales with digital auctions  Morning Brew

Total World Coins on Offer at SARC Internet Auction 13 - Numismatic News
Total World Coins on Offer at SARC Internet Auction 13  Numismatic News

UPCM Celebrity Art Auction live now - UpperMichigansSource.com
UPCM Celebrity Art Auction live now  UpperMichigansSource.com

Auction bids for federal courthouse spike to more than $9M in fewer than 24 hours - pennlive.com
Auction bids for federal courthouse spike to more than $9M in fewer than 24 hours  pennlive.com

Sotheby’s postpones Twitter NFT charity auction - Capital.com
Sotheby’s postpones Twitter NFT charity auction  Capital.com

Construction workers bid at an auction for a 345C L Excavator digging machine : Planet Money - NPR
Construction workers bid at an auction for a 345C L Excavator digging machine : Planet Money  NPR

A bit of history goes to auction | State & Region | register-herald.com - Beckley Register-Herald
A bit of history goes to auction | State & Region | register-herald.com  Beckley Register-Herald

Aircraft Auctions To Land At Nation's Busiest General Aviation Airport - PRNewswire
Aircraft Auctions To Land At Nation's Busiest General Aviation Airport  PRNewswire

Wellfleet Farmers Market to Open Online Auction on Giving Tuesday - CapeCod.com News
Wellfleet Farmers Market to Open Online Auction on Giving Tuesday  CapeCod.com News

Ammar Kubba Comments on Thought Convergence Auction - DomainInvesting.com
Ammar Kubba Comments on Thought Convergence Auction  DomainInvesting.com

Curios Announces Launch of the First-Ever Hybrid NFT Auction Platform - PR Web
Curios Announces Launch of the First-Ever Hybrid NFT Auction Platform  PR Web

Early Portrait Of Elizabeth I Leads Butterscotch's $1 Million Auction - Antiques and the Arts Online
Early Portrait Of Elizabeth I Leads Butterscotch's $1 Million Auction  Antiques and the Arts Online

Doctor Strange's Secrets Revealed in Strange Tales #115, at Auction - Bleeding Cool News
Doctor Strange's Secrets Revealed in Strange Tales #115, at Auction  Bleeding Cool News

A Frida Kahlo self-portrait smashes records at auction - NPR
A Frida Kahlo self-portrait smashes records at auction  NPR

On-line auctions unregulated by PSC | News, Sports, Jobs - Minot Daily News
On-line auctions unregulated by PSC | News, Sports, Jobs  Minot Daily News

Farmland Values Eclipse Records as Sellers Turn to Auctions - DTN The Progressive Farmer
Farmland Values Eclipse Records as Sellers Turn to Auctions  DTN The Progressive Farmer

Zebra auction set for Thurmont, Maryland - WUSA9.com
Zebra auction set for Thurmont, Maryland  WUSA9.com

Online auction begins Nov. 29 for surplus vehicles - The Roanoke-Chowan News-Herald - Roanoke Chowan News Herald
Online auction begins Nov. 29 for surplus vehicles - The Roanoke-Chowan News-Herald  Roanoke Chowan News Herald

Hindman's Civil War Collection & American Historical Ephemera Auctions Exceed $1.6 Million | Fine Books & Collections - Fine Books & Collections Magazine
Hindman's Civil War Collection & American Historical Ephemera Auctions Exceed $1.6 Million | Fine Books & Collections  Fine Books & Collections Magazine

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