Auction Bidding

Bonnan · May 2, 2022

Say there are two items, ex: two implements going up for sale at an auction. Price range above $1000. One in good condition ready to use and the other pretty much worn out but still functional.
Assuming several active bidders, in your experience which one does the auctioneer usually put up first and does it impact the top bid?

paul · May 2, 2022

He would do choice. Winning bidder picks one or both to buy.

Then start the bidding on the remaining one, assuming buyer only took one.

90% of the time the good one will be picked first, but ya never know.

Paul

johnofnewhaven · May 2, 2022

Sell the best one first. It will set presidents for the second one. You could sell them choice like said but what's the point cuz the good one's going to get bought first.

Traditional Farmer · May 2, 2022

Most auctions I go to the auctioneer goes down the line of equipment,sells whatever comes next regardless of condition.

johnofnewhaven · May 2, 2022

Traditional Farmer the auctioneer should set the auction up correctly. You just don't put it in line and sell all Willie Neely.

jon f mn · May 2, 2022

In most cases, unless one is significantly worse, the second of choice sells higher. And when there are more than one each one gets higher as they sell. Most times the first to sell is the best by.

Traditional Farmer · May 2, 2022

Should? Most auctions I go to especially consignment are just put in rows as they are bought in by the sellers.Many advertise that the items are sold in the order they are consigned.You'd get a real kick out of the Marion PA monthly auction if you are looking for order in the line up.(LOL)

johnofnewhaven · May 2, 2022

Ya consignment auctions are a whole different animal. I've been to many just like you're talking about. Going to look like a train wreck. Lol

NY 986 · May 2, 2022

Many years ago the auctioneers would organize by class and typically low bid items to start with tractors to finish. Then people would come late for the high value stuff or leave early because other things were done. Now they want people to wait through the whole sale if possible. You might see two identical cultimulchers in the yard but split up to put pressure on the bidders. Do they want to bid higher on the first one to be done with it? Will they bid something else as well while they are there while waiting on the second cultimulcher? The auctioneers have figured out that the buyers are also typically the sheep to be sheared.

moresmoke · May 2, 2022

My experience is the second one sells higher. Even if it is a wrung out piece of junk. As to which order they will sell in, thats up to the auctioneer. Should be together and sell choice, but doesnt always happen.

Leroy · May 2, 2022

Unless no family or friends to set things up the auctioneers DO NOT get involved with the line up.

redforlife · May 2, 2022

This can vary from one auctioneer to another. Or from one type of sale, versus another (farm sale, or consignment).

But generally (for a farm sale, or estate auction), an auctioneer would sell choice, IF they were the same thing in relatively the same condition. But if drastically different in condition (poorer one is basically for iron or parts), they will sell the best one first.
Consignment or online, they generally just go right down the line up (how things are rowed up, or listed).

Of course, this is just speaking in general.

Usually, the lesser quality item, always brings less, no matter what. But, stranger things do happen, and this doesn't always ring true. Sometimes audiences are asleep or not paying attention when the first one sells. And sometimes a live audience might see something wrong, that an online audience might not see. Things like that, sometimes makes a difference.

johnofnewhaven · May 2, 2022

That's not always true. Lots of auctioneers help set up.

Goose · May 2, 2022

Yeah.

The only thing you can predict about an auction is it will be unpredictable.

I was on an auction a couple of years ago where they had two identical MF combines, one running and healthy and the other non running with a bad engine.

The non running one sold first and brought more than the healthy one. Go figure.

oldsarge · May 2, 2022

Sorry Jon,not around here,and I go to a lot of auctions!!!!!!!!!!!

db4600 · May 2, 2022

Same thing in these parts. Two stones throw from here its a different story and the auctioneer is involved in set up. Sometimes its sad to see an auction where the family is overwhelmed and the auctioneer is just there to sell his commission. Most of the times it doesnt matter and the crowd pays accordingly.

BarnyardEngineering · May 3, 2022

Lots of assumptions flying around here, but we don't have enough information.

When you say "at the same auction" do you mean they are side by side in the line? Or just in the same sale?

In my experience, auctions tend to "build up" to the good stuff. Shorter auctions tend to finish with the tractors.

If there is a large amount of equipment to sell, they will put the good stuff in the middle of the sale and leave the absolute junk to the end. The idea there being people will get tired and leave so you want to keep the low-value stuff to the end where you don't have as many bidders.

DRussell · May 3, 2022

Yep, same way here. Most sales I go to are consignment auctions. Stuff is parked in line in the order it was consigned for the most part.

Bonnan · May 3, 2022

Thanks for the insight and comments..

Bonnan · May 3, 2022

My perspective is from a buyer's view point, didn't make that clear. I was also assuming that the condition of the two items was so significant that choice was not a factor.

Bonnan · May 3, 2022

That's my gut feeling.

BarnyardEngineering · May 3, 2022

(quoted from post at 05:00:43 05/03/22) My perspective is from a buyer's view point, didn't make that clear. I was also assuming that the condition of the two items was so significant that choice was not a factor.

Unfortunately you won't know until you go to the auction.

If it's a farm sale things could be arranged by function, could be parked worst to best, could be parked best to worst, or they could just be parked in the order they were dragged in. The more particular you are the longer it takes, but there are diminishing returns. Beyond putting the tractors at the right point in the sale for the size and expected crowd, gains from arranging everything in a specific order are not as significant and usually not worth the effort.

Like others have said, consignment sales tend to be parked in the order that it arrives, but in my experience they do park the better stuff towards the beginning/middle of the sale and the back row is usually junk. The exception to this is JMartin's; they have good stuff beginning to end in their main ring. There's a whole separate auction for the junk.

Determined · May 3, 2022

As others have said a lot depends on what type of sale it is.
At a farm retirement type sale the auctioneers seem to have a pretty good idea about the condition and history of the equipment, at consignment sales especially the large ones it is no surprise they know little more than what it says on their lot list.

I bought my current round baler at a consignment sale, there were two identical machines side by side which I had previously checked over and talked with the owners.

The auctioneer put them up as choice to the high bidder.

I was the high bidder and the ring man asked which one I wanted, before I could reply the auctioneer piped up and said I think we all know which one he is going to take, he was wrong.

The one he assumed I was going to take was nice and straight with the paint on it waxed up like a new car, it had 12 000 bales on the counter.

The other one that I took had a few dents in the doors, the paint was faded and the counter had just over 20 000 bales on it, but inside the twine box along with the monitor was a stack of receipts totaling over $12 000. Every bearing, chain and cam on the machine was brand new in the previous 12 months as was every part on the pick up, a new PTO shaft and a new spare belt also came with it.

Bought it 6 seasons ago and it has served me well, I have my doubts the shinny one that had 12 000 bales on it would have been anything other than a money pit as the well used parts on it wore out.

Leroy · May 3, 2022

In my 78 years I have never seen that, olnyway they get involved is if the owner pays a higher commision on the auction for to pay the extra auction help to do that. And most sellers do not want to do that.

Loosehandle · May 4, 2022

Good chance of it being choice even if in different condition, good chance the winner will take both also.

Leroy · May 4, 2022

Very seldom are both items in same area, more likely one used in front yard and other in back of barn. Only if both pulled out of same building at same time will they get close to each other.

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