Auction fever (Classic)

Planet Money

NPR

Business, News

4.6 • 29.8K Ratings

🗓️ 12 November 2021

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, we go on a Planet Money roadtrip to learn the secrets of the auction world. We find some amazing bargains, some shady strategies and a giant big digger. | Subscribe to our weekly newsletter here.

Transcript

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0:00.0	This is Planet Money from NPR.
0:03.6	Hi, Jess Zhang here.
0:08.4	Quick heads up, you're about to listen to a rerun from 2016.
0:12.0	It's one of my favorites.
0:13.5	In the episode, Keith Romer and I go out into the field.
0:16.9	Here's the show.
0:18.9	The other weekend, we got up super early in the morning and we took a little Planet Money
0:22.8	field trip.
0:23.8	We drove out along Iow under these two parking lots in the middle of nowhere to listen
0:27.6	to this guy.
0:28.6	100 to you, 100 to you, 100 to you, 100 to the bathroom.
0:31.8	Here we go.
0:32.8	Like new one to have.
0:33.8	100 to you.
0:34.8	That's Jack Lyon.
0:36.8	This is his auction.
0:38.5	And it's this amazing scene with rows and rows of forklifts and tractors and just giant
0:45.1	machines.
0:46.1	It's not Southern.
0:47.1	People here aren't dressed in suits looking through an art catalog.
0:50.3	No one's going to stick a paddle up in the air when they want a bid.
0:53.6	Here if you want to buy something, you literally just hop right into it and try it out.
	...

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