Vendor bids at auction are one of those concepts that many buyers have heard of but don’t fully understand. On auction day, emotions are high, the pace is fast, and every call from the auctioneer feels important. If you don’t know what a vendor bid is and how it works, it’s easy to misread the momentum and make decisions based on assumptions

Vendor bids at auction are one of those concepts that many buyers have heard of but don’t fully understand. On auction day, emotions are high, the pace is fast, and every call from the auctioneer feels important. If you don’t know what a vendor bid is and how it works, it’s easy to misread the momentum and make decisions based on assumptions