I am going to a live auction today.

rockyridgefarm

Well-known Member
There is a live auction in Livingston today. It was going to be online only, but they decided to run it live since the Wisconsin Supreme Court decided to overrule the stay at home declaration. It will be interesting to see how they are going to do it. If it looks like a real crapshow, I will go home. I am hoping they have some nice parts wagons that were not listed online. I also want some double ring tire chains for my 2030.

The sale has a 4020, two 4320s, 4430, 4040, 4640, 4455, and ac 200. Since it was online only, the bids are already up there on proxibid. 4040 is already over 15k last I checked.
 
Watch the fees. Was looking at an online auction here, 10% premium, another 2% fee for something, plus sales tax, 6%, paying 18% at the hammer. Yikes.
 

No buyers penalties for live bidding and paying with cash or check. I think it is 3% if paid by credit card. it is usually 5% if bidding online. So the live bidders have an advantage over online bidders. I am only going in hopes of an impromptu junk wagon at the start. Otherwise I would stay home.
 
you have to wonder about this auction... I went and visited the site Sunday and drove some of the tractors. As of
this morning (6:30), prices were very different between Auctiontime and Proxybid. Example: 4450 was about $15k
more on proxibid.. maybe showing someone's max bid? Or a reserve?

As of now, the listing has been pulled from Auctiontime, and I'm not wasting time trying to sign up for another
online bidding company when you don't know the whole story.

It'll be interesting to see what stuff brings... and if it is being old or not. The farmer was straightforward on
Sunday, seemed honest. Tractors were nothing special. Both 4320s needed ether to start at 50 degrees.

It's disappointing they are changing the rules right before the sale. While we live in uncertain times, this is
kind of BS.
 
(quoted from post at 07:03:23 05/19/20) you have to wonder about this auction... I went and visited the site Sunday and drove some of the tractors. As of
this morning (6:30), prices were very different between Auctiontime and Proxybid. Example: 4450 was about $15k
more on proxibid.. maybe showing someone's max bid? Or a reserve?

As of now, the listing has been pulled from Auctiontime, and I'm not wasting time trying to sign up for another
online bidding company when you don't know the whole story.

It'll be interesting to see what stuff brings... and if it is being old or not. The farmer was straightforward on
Sunday, seemed honest. Tractors were nothing special. Both 4320s needed ether to start at 50 degrees.

It's disappointing they are changing the rules right before the sale. While we live in uncertain times, this is
kind of BS.

That was quite a drive from Oconomowoc.! You interested in the 4320s?
 
"Both 4320s needed ether to start at 50 degrees." That's the way my 4320 was for years. When it was over hauled and a nipondenso starter put on, it will start down to 32 degrees.
 
Less than 2 hours. I have relatives only 5 miles from the auction, so I knew the way. I was mainly interested in the 4450, which was reasonable. It did have a weird vibration under the floor panel that mine
doesn't have. When the website descriptions showed up, I took it as a sign :)
 
What is so suspicious about the difference in the two online auctions bids? Two different sites with different bidders. I see that all the time. The only bid that matters to me is the last bid.
 
I would guess that the difference between the two auction websites just indicated that people were bidding on one site more actively/aggressively than the other. Proxibid is used by regular auctioneers both for online auctions and as a online bidding platform for live auctions. But, it?s your money, if you have doubts about things you made a good call to pass on the tractor. I would do the same thing if I had any reservations about what kind of deal I was getting in to.
 
Shouldn't the high bid be THE high bid? At the same time, one had a tractor 10 k more than the other. It's one auction, one tractor, how does one site not recognize the other?
 
Well without knowing all the particulars of the type of auction I can't totally answers that. Was Auction Time and proxibid a timed auction with reserve? I do know Auction Time and Equipment Facts are owned by the same company. I would guess it was on a timed auction that did not meet reserve then they put it in the live Equipment Facts Auction and it met reserve and it sold.
 

Coonie, I don t know why they suddenly started doing auctions with two sites. Most people who are on proxibid are also on equipmentfacts. I heard the auctioneer sell to both sites throughout the sale, as well as to the crowd.

My neighbor wanted a 4320 and told me to bid this one up. Everyone else stopped before I did...


mvphoto55217.jpg
 
It's simple why auctioneers do
that. It's called marketing. The
more bidders they put and item
in front of the more money it
could realize. Auctions have
become very competitive between
auctioneers with the
introduction of the internet.
It's no longer a local market.
So an auctioneer will get their
auction in front of as many
bidders as they can. If an
auctioneer wants to survive
nowadays they have to utilize
the internet bidding sites along
with the bidders on site. I am
not talking about trinket and
trash auctions on Saturday night
at the local auction barn.
 
Also since Auction Time (same company as Equipment Facts) and Proxibid were the internet sites broadcasting the auction live they were allowing pre live auction bidding. The auctioneer then take the highest pre bid and start with that when the live auction starts. Then the internet bidders can keep bidding if the on-site bidders out bid their pre bid. Auctions are a bit more complicated than that of yesteryear auctions.
 
(quoted from post at 16:01:07 05/19/20) Shouldn't the high bid be THE high bid? At the same time, one had a tractor 10 k more than the other. It's one auction, one tractor, how does one site not recognize the other?

They're in direct competition with each other. Why would they cooperate?

It's the auctioneer's decision to run the online auctions simultaneously. It's their responsibility to synchronize the bids, if they choose to do so.

J.Martin Auctions here in Waterloo NY solves the problem by ignoring all the online prebidding on auction day.
 

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