Yes, yes it is.
Man, I hate to miss an auction with so many byoacers. We could've all hit Hooter's afterward. Flampoo, have some of the guys lookout for you in case they start shill bidding. The big guy with 3 teeth is the worst auctioneer for upping the bid for you. He'll say 50, you raise your hand, so then he'll say 100 (instead of 75). If you win, he will say you got it at 75. Happens all the time with him. Make sure to correct him in the middle of bidding if you think he's done this. NY_in_TX can tell you all about him. Other than that, the auction is extremely fun (for us a byoacers). You might want to bring a folding chair, it can get very slow when they are going through redemption.
There was a great thread a few days ago about this. Read everything Paige said. He has the auction nailed.