“Bidding will start at $100 for this next item. Do I hear $100?”
A number of hands rose up and the auction was under way. The bidding started off in a frenzy as everybody looked to get the object for a low price.
“$150, thank you sir. $200 to the lady in the yellow hat. $250? Yes, thank you young man.”
The price climbed steadily higher and higher. As the price rose it started to eliminate the people who decided they didn’t want to pay that much to win.
Within minutes the auctioneer found that he had to work much harder to get bidders.
“The bid is at $1100, do I hear $1100? It is a bargain at this price ladies and gentlemen. Thank you madam!”
“$1200 then.…Read More »