Hotel auction...what a joke!

Sounds like this guy needs to re-eval his whole thinking logic. First - as you said he used the wrong company. Always go local for auction stuff unless it's rare items like coins, art, etc. Then you ship it to the auction location...not other way around. Second - maybe I miss understand this. The bank contacted Contractor to clean out the building for the Buyer. So why would the Contractor end up paying the bank? He should of done a fixed bid for the work and then either that makes or breaks him if he underbid. So sounds like to me he should of re-eval the work to be done vs his bid.

Gotta love auctions. Keep it up though I learned through the years of doing and going to huge industrial auctions of closed down plants that they are always hit or miss. Yes sometimes there is a planted person in the crowd by the auction company to bid stuff up but you can usually tell this person right away and I usually exit stage right. The best auctions seem to be the ones where you end up bidding against no one and you get the item for next to nothing and make 10 times that much when you scrap it. Better luck next time and in every industry in america theres always one a-hole. Just stay it and I do have a suggestion though I have almost every single auction website there is known to man saved under a section in my favorites on my web browser and when I used to do auctions I would check them all weekly and watch and bid on a few auctions a week. Sometimes you lose sometimes you hit the jackpot. I would travel all over the country following auctions and trust me if you travel that far you want to make sure you know exactly what you are bidding on the weight of the machinery the grade of the machinery how much you can get for pieces and parts off the machine that aren't scrap such as pumps, motors, wiring, electrical items, etc. The auction game is a wild ride and has its ups and downs just don't get burnt and lose all your chips making mistakes and you will turn out a winner 90 percent of the time. There's also some auction websites that let you search every single auction in your state and they usually have the catalog for auction posted. Anyhow I hope this helps a little and the next auction you go to makes you a chunk of change you can come on here and brag about. Good Luck.