….bull breeder Kit Pharo has a blurb in his weekly newsletter partially….if only partially….exposing the nonsense at many cattle auctions.\u00a0 I recall the confusion I felt at my first auction 25 years ago and wondering how anyone could really understand what was going on.<\/p>\n
Eventually, as I watched the bidding and the auctioneer more closely, and particularly researched the follow-up information, I began to realize that I wasn’t seeing and hearing what was really happening.\u00a0 As Kit puts it:<\/p>\n
Funny Money \u2013\u00a0<\/b>\u00a0<\/em><\/p>\n Every week, I read and hear about bulls selling for $50,000, $80,000, $100,000, $130,000 \u2013 and even $400,000. \u00a0\u00a0JUST ONCE, I would like to know WHO the second-high bidder was on these bulls.\u00a0\u00a0 I would be willing to bet any amount of money that there was NO legitimate second-high bidder.\u00a0\u00a0 These are funny-money bulls that are being sold at less-than-honest auctions.\u00a0<\/em><\/p>\n We invite you <\/b>to check out our unique Cowboy Auction.\u00a0\u00a0 Everyone who has attended one of our Cowboy Auctions has appreciated and enjoyed it.\u00a0\u00a0 It provides a very honest, quiet and low-pressure way to market bulls.\u00a0\u00a0 There is no hype, no yelling, no fast-talking auctioneer, no confusion \u2013 and no phantom bidders.\u00a0\u00a0 You will be able to know who the second-high bidder is on each and every bull we sell.<\/em><\/p>\n We now know there are all sorts of scams in these auctions to inflate prices and create hype:\u00a0 not only the phantom bidders that Kit mentions, but the phone bids, the trading of checks, and the behind-the-scenes trading.\u00a0 That’s before you even get into the accuracy of the catalogs.<\/p>\n You’re forewarned.<\/p>\n","protected":false},"excerpt":{"rendered":" ….bull breeder Kit Pharo has a blurb in his weekly newsletter partially….if only partially….exposing the nonsense at many cattle auctions.\u00a0 I recall the confusion I felt at my first auction 25 years ago and wondering how anyone could really understand what was going on. Eventually, as I watched the bidding and the auctioneer more closely, and particularly researched the follow-up information, I began to realize that I wasn’t seeing and hearing what was really happening.\u00a0 As Kit puts it: Funny Money \u2013\u00a0\u00a0 Every week, I read and hear about bulls selling for $50,000, $80,000, $100,000, $130,000 \u2013 and even $400,000. \u00a0\u00a0JUST ONCE, I would like to know WHO the second-high bidder was on these bulls.\u00a0\u00a0 I would be willing to bet any amount of money that there was NO legitimate second-high bidder.\u00a0\u00a0 These are funny-money bulls that are being sold at less-than-honest auctions.\u00a0 We invite you to check out our unique Cowboy Auction.\u00a0\u00a0 Everyone who has attended one of our Cowboy Auctions has appreciated and enjoyed it.\u00a0\u00a0 It provides a very honest, quiet and low-pressure way to market bulls.\u00a0\u00a0 There is no hype, no yelling, no fast-talking auctioneer, no confusion \u2013 and no phantom bidders.\u00a0\u00a0 You will be able to know who the second-high bidder is on each and every bull we sell. We now know there are all sorts of scams in these auctions to inflate prices and create hype:\u00a0 not only the phantom bidders that Kit mentions, but the phone bids, the trading of checks, and the behind-the-scenes trading.\u00a0 That’s before you even get into the accuracy of the catalogs. You’re forewarned.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-1785","post","type-post","status-publish","format-standard","hentry","category-pharo"],"acf":[],"_links":{"self":[{"href":"http:\/\/www.thistlehill.net\/wpblog\/wp-json\/wp\/v2\/posts\/1785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.thistlehill.net\/wpblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thistlehill.net\/wpblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thistlehill.net\/wpblog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thistlehill.net\/wpblog\/wp-json\/wp\/v2\/comments?post=1785"}],"version-history":[{"count":2,"href":"http:\/\/www.thistlehill.net\/wpblog\/wp-json\/wp\/v2\/posts\/1785\/revisions"}],"predecessor-version":[{"id":1787,"href":"http:\/\/www.thistlehill.net\/wpblog\/wp-json\/wp\/v2\/posts\/1785\/revisions\/1787"}],"wp:attachment":[{"href":"http:\/\/www.thistlehill.net\/wpblog\/wp-json\/wp\/v2\/media?parent=1785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thistlehill.net\/wpblog\/wp-json\/wp\/v2\/categories?post=1785"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thistlehill.net\/wpblog\/wp-json\/wp\/v2\/tags?post=1785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}