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Is selling at auction better?
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Fred in Pa View Drop Down
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Joined: 13 Sep 2009
Location: Hanover Pa.
Points: 9210 		Post Options Post Options   Thanks (2) Thanks(2)   Quote Fred in Pa Quote  Post ReplyReply Direct Link To This Post Posted: 05 Dec 2022 at 6:15am
At every Auction there are Winners ,Losers ,Dreamers  and Crybabies 
He who dies with the most toys is,
nonetheless ,still dead.
If all else fails ,Read all that is PRINTED.
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exSW View Drop Down
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Joined: 21 Jul 2017
Location: Pennsylvania
Points: 914 		Post Options Post Options   Thanks (0) Thanks(0)   Quote exSW Quote  Post ReplyReply Direct Link To This Post Posted: 05 Dec 2022 at 8:09am
I don't get to excited at auctions. More a social gathering first. The last several times I've gone to auctions with specific intent and a pocket full of cssh all I did was help create a fancy price. And at the same auction come home with amazing deals thst I had no intent on buying.
I think online with a buyers premium absolutely shorts the seller because you have time to calculate the total costs.
Learning AC...slowly
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shameless dude View Drop Down
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Joined: 10 Apr 2017
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Points: 13607 		Post Options Post Options   Thanks (0) Thanks(0)   Quote shameless dude Quote  Post ReplyReply Direct Link To This Post Posted: 05 Dec 2022 at 1:29pm
chose your auction companies wisely, not all are the same. some are good for the seller, some are good for the buyer, and if you are selling, be careful as people that use a buyers premium won't get as much for what they are selling
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KJCHRIS View Drop Down
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Joined: 21 Dec 2015
Location: WC Iowa
Points: 960 		Post Options Post Options   Thanks (0) Thanks(0)   Quote KJCHRIS Quote  Post ReplyReply Direct Link To This Post Posted: 05 Dec 2022 at 3:57pm
Auctions; People do get caught-up in auctions and forget market value. Some go to a friend or relatives auction and spend a bit too much on something for sentimental reasons or to help the family a little. A lot of us have done that. 
 I'm currently watching some Bobcat brand things on an online auction. They've gone past "NEW PRICE" and still climbing, about 20% over new.  Yes, I called my dealer and verified cost, mine will be at dealer Friday. And don't have to spend most of a day driving to pick them up. 
  
AC 200, CAH, AC185D bareback, AC 180D bareback, D17 III, WF. D17 Blackbar grill, NF. D15 SFW. Case 1175 CAH, Bobcat 543B,
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Pat the Plumber CIL View Drop Down
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Joined: 11 Sep 2009
Location: Springfield,Il
Points: 4942 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Pat the Plumber CIL Quote  Post ReplyReply Direct Link To This Post Posted: 05 Dec 2022 at 9:03pm
My father used to say the best auction to buy stuff is a "dead man's" auction. Someone isn't selling their surplus junk and keeping the good stuff.
You only need to know 3 things to be a plumber;Crap rolls down hill,Hot is on the left and Don't bite your fingernails

1964 D-17 SIV 3 Pt.WF,1964 D-15 Ser II 3pt.WF ,1960 D-17 SI NF,1956 WD 45 WF.
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Fred in Pa View Drop Down
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Joined: 13 Sep 2009
Location: Hanover Pa.
Points: 9210 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Fred in Pa Quote  Post ReplyReply Direct Link To This Post Posted: 16 Dec 2022 at 6:41am
So if you take your WD to a consignment auction and there was another WD sitting aside of your WD ( not even close to condition ),what would you think if Auctioneer put them up together and you get choice of. Then find out the higher bid tractor did not meet reserve and did not sell. Then they put your tractor up and sell it.  Just seen this happen ,tractors not mine . 
He who dies with the most toys is,
nonetheless ,still dead.
If all else fails ,Read all that is PRINTED.
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Tbone95 View Drop Down
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Joined: 31 Aug 2012
Location: Michigan
Points: 12186 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Tbone95 Quote  Post ReplyReply Direct Link To This Post Posted: 16 Dec 2022 at 6:54am
Originally posted by Fred in Pa Fred in Pa wrote:

So if you take your WD to a consignment auction and there was another WD sitting aside of your WD ( not even close to condition ),what would you think if Auctioneer put them up together and you get choice of. Then find out the higher bid tractor did not meet reserve and did not sell. Then they put your tractor up and sell it.  Just seen this happen ,tractors not mine . 
What I would think, is the seller didn't understand all of the possible outcomes of putting his tractor in that auction, assuming he indeed is PO'd about it.  He should have put a reserve on his, or ya' take what ya' get. 
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Fred in Pa View Drop Down
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Joined: 13 Sep 2009
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Points: 9210 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Fred in Pa Quote  Post ReplyReply Direct Link To This Post Posted: 16 Dec 2022 at 8:43am
Originally posted by Tbone95 Tbone95 wrote:

Originally posted by Fred in Pa Fred in Pa wrote:

So if you take your WD to a consignment auction and there was another WD sitting aside of your WD ( not even close to condition ),what would you think if Auctioneer put them up together and you get choice of. Then find out the higher bid tractor did not meet reserve and did not sell. Then they put your tractor up and sell it.  Just seen this happen ,tractors not mine . 
What I would think, is the seller didn't understand all of the possible outcomes of putting his tractor in that auction, assuming he indeed is PO'd about it.  He should have put a reserve on his, or ya' take what ya' get. 

The high bid  , went to the tractor with a reserve witch Auctioneer said was Sold .(witch is now back on auction for next month ) they put the other up again by it self and it  Sold .Witch is what it is . I just wondered why they would sell as choice not being the same owners .  Just a thought for the day .    Auctioneer has the last say .
He who dies with the most toys is,
nonetheless ,still dead.
If all else fails ,Read all that is PRINTED.
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IBWD MIke View Drop Down
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Joined: 08 Apr 2012
Location: Newton Ia.
Points: 4091 		Post Options Post Options   Thanks (0) Thanks(0)   Quote IBWD MIke Quote  Post ReplyReply Direct Link To This Post Posted: 16 Dec 2022 at 9:16am
I'm not crazy about auctioneers selling 'choice'. Their call, pretty sure my feelings have 0 impact on their decisions. Some are really bad about it.
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exSW View Drop Down
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Joined: 21 Jul 2017
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Points: 914 		Post Options Post Options   Thanks (0) Thanks(0)   Quote exSW Quote  Post ReplyReply Direct Link To This Post Posted: 16 Dec 2022 at 12:10pm
I've had choice burn me as back bidder. The winner took 'em all. Portable kubota powered constant feed air compressors. He took all eight of them.
Learning AC...slowly
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rw View Drop Down
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Joined: 28 Oct 2009
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Points: 384 		Post Options Post Options   Thanks (0) Thanks(0)   Quote rw Quote  Post ReplyReply Direct Link To This Post Posted: 16 Dec 2022 at 6:31pm
I went to construction equipment auction in about 1981. They had about 15 HD11 crawler tractors of various model years. Selling choice of 15.  One man  was on them all to about 6500 or so and they  brought way more than that and sold three or four at a time many to corporate buyers and trader and such. Each time the one man was there to 6500 or so. Finally the quality/value got down to about 6500 with about 2 or 3 units left and the 6500 dollar guy got one. He looked like a guy that needed/wanted one to use. The Auctioneer sincerely thanked the man for being there that day!  I still think about that and chuckle. 
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PeteMN View Drop Down
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Joined: 12 Sep 2009
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Points: 203 		Post Options Post Options   Thanks (0) Thanks(0)   Quote PeteMN Quote  Post ReplyReply Direct Link To This Post Posted: 16 Dec 2022 at 10:15pm
Sometimes a consignment auction will have a group of items from one seller, might be an estate or could be a line of equipment from a retiring farmer.  If you watch closely you'll usually see the jockeys perk up and start paying closer attention.  That equipment usually brings higher prices because they assume that it's more likely to work than something that a dealer dumped at a consignment auction or something that another jockey brought and would be bidding up to market value. 
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tadams(OH) View Drop Down
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Joined: 17 Sep 2009
Location: Jeromesville, O
Points: 10915 		Post Options Post Options   Thanks (0) Thanks(0)   Quote tadams(OH) Quote  Post ReplyReply Direct Link To This Post Posted: 17 Dec 2022 at 12:50pm
The consignment auction around here there's no reserve. If you don't like the price your tractors selling for you have to buy it back and pay sellers fee.
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DanWi View Drop Down
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Joined: 18 Sep 2009
Location: wttn
Points: 1926 		Post Options Post Options   Thanks (0) Thanks(0)   Quote DanWi Quote  Post ReplyReply Direct Link To This Post Posted: 17 Dec 2022 at 1:11pm
Rw that guy bidding 6500 would have saved himself some trouble if the bids were going up without him. He should have just waited and bid at the end. But some people like to practice bidding.
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Fred in Pa View Drop Down
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Joined: 13 Sep 2009
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Points: 9210 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Fred in Pa Quote  Post ReplyReply Direct Link To This Post Posted: 18 Dec 2022 at 8:55am

 You never know %100 what you are buying at a consignment auction , but if someone  has  piece of S#!T to sell they know what they are selling .
He who dies with the most toys is,
nonetheless ,still dead.
If all else fails ,Read all that is PRINTED.
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