|It's the Pitts|
|Written by Lee Pitts|
As an admirer of old bits and spurs, I bought a fancy catalog for an estate auction of a very rich man who was a collector of collections. The sale featured his fine art, furniture, cars, Indian blankets, saddles, silverware, dishes, bits, spurs and a host of other items.
As a potential bidder, I had to pay $20 just to get the catalog. Can you imagine if a bull breeder tried to charge a potential customer for his or her sale catalog? No one would show up for the sale, and if they did, I’m quite sure that such a greedy person might also charge for the traditionally free lunch.
The company that handled the sale usually sells art, so the catalog was like no other I’d seen. It read like the sale manager was allergic to lawyers because after every item description in capital letters were the words: “YOUR BID INDICATES ACCEPTANCE OF ALL OUR CONDITIONS OF SALE. ALL SALES FINAL.” If those words appeared after every description of a horse in a sale, the auctioneer would never get a bid.
No one should ever complain about the commission they pay to sell or buy livestock because in this auction 20 percent of the hammer price was added right on top. If you didn’t have any money and charged your purchase on a credit card, it was an extra 2.5 percent.
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