A couple of decades ago I was try to buy a house in Melbourne when auctions had a reputation as being dodgy.
I was tired of missing out and decided to pay someone I knew in RE to bid for me.
Great place but I need to know your absolute maximum bid he said @Mr. Gold
He was worth every penny and arrived dressed in the attire of most in RE and blew one +$500 bidder away as he
stepped forward for all to see him and he jump bid by $10,000. I had to sit in the gutter before I fainted LOL as the auctioneer
commented - nice to have a professional and the +$500 stopped in his tracks.
It was a house I never regretted paying for and later on sold well after work was done on it.
It's how gaps happen in markets I think.
There are times too when I hang back and pick up decent crumbs when excitement dies.
