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"Penny Auction" at a farm, with a noose as a warning to bank agents who might attempt to bid, Michigan, USA, Great Depression, 1936
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this post was submitted on 04 Apr 2026
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Ah, you missed my responses to other people. I was referring to this specific thing - you can’t keep a property auction local any more. If you tried to do a penny auction, some private equity firm from another state would just sweep in and buy the property online.