Yes, you're right Will, buying at auction is a form of gambling, and just like any form of gambling you are best not to bid more than you are prepared to lose.
But then I don't gamble. Never have. I was given an excellent piece of advice by my grandfather when I was still a little kid:-
"Never gamble unless you own the game"
This came from a man who owned billiard rooms, poker machines, dice and card games, starting price bookmaking, in fact, every form of illegal gambling there was on offer, and who was a professional "negotiator" into the bargain.
Best advice I ever had.
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