There was once a small gun shop in Huxley, Iowa that went bankrupt.
The owner had an auction to ease the process.
Prices were generally fair, but no real bargains were to be had because the buyers weren't having it.
Until this one Ruger 10/22 came up to the block. A nothing special bog-standard 10/22 with a plain wood stock and blued finish.
It started out at $50, which was super low. It bid merrily up to around $110 when people started to drop out. By $150 there were just two guys left and they weren't going to let that other bastard walk home with THIER rifle, by God!
In $5 and $10 increments they bid that lowly 10/22 up to $650! The place was stunned. The victor strutted to the office to pay his fare and start the paper work when he hears Russman yell to the loser, "You still got that $640 for a 10/22, because I'll just zip over to Wal Mart and get you one just like his and make me $510 in profit."
The victor suddenly realized that he'd bought a $130 gun for $650. The look on his face was absolutely priceless and the laughter that erupted from the crowd was definitely a "laughing at you" sort.
I learned a lot that day. When the point of the auction becomes to win and not to own the item, you are now a fool and you will soon be parted from your money.
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