Can someone explain how Saco River live auctions work?

[pawpawdiv9]

Agree. I use LiveAuctioneers for the Saco auctions. Most of the time, i place early pre-auction bids. The guys are correct, its just like a 'live' auction or a Barrett Car auction to name one. Once the hammer hits, its done and moves to the next one.
I had only 1 issue in the past, where somewhere else had placed a bid, tho mine was a pre-bid and never fully understood why i didnt win it, even with their kind response.
If your looking at their T206's they can go for good money, i think the group/lots can find a deal hidden or one of those hard to find commons.