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Auction is over

super99

super99

Well-known Member
Today was the last day of Mecum's fall sale. It makes a long day when they sell over 200
tractors plus signs etc. I know it was miserable cold, but the day went faster when we
were driving tractors thru the ring than when setting around inside just watching the
sale. I sold 2 tractors today. My 1968 Oliver 1850 was the first tractor sold and it
brought $6500. That works for me, Happy, Happy, Happy. My Oliver 880 was at the tale end
of the day and the crowd was slipping away but it brought $2000. I would have liked a bit
more, but it seems to me that for some reason, 880's just don't sell very high. At least I
don't have to go get it and haul it home!!
cvphoto141046.jpg


cvphoto141047.jpg
 
Super99,

Glad you are happy with the sale.

So did you retire from farming now?

I recall when you posted about it probably being your final harvest, maybe a couple years ago (??).. And when you finished that harvest, you sang Praise God from whom all blessings flow.... I can't tell you how much that touched my heart.
 
Semi retired??? I put it all in the CRP Pollinator program and they pay me not to farm it.
 
Am I correct in assuming there is a buyer's premium added to those prices? Plus, I realize you pay a seller's commission. Mecum gets you both coming and going!
 
The seller's fee is 6% and in my past experience, non-negotiable. The buyer's fee is 5% for onsite purchases and 7% for telephone assisted or online purchases.
That's not any different than other sales venues that get you coming and going, some at or over 15%. In my past experience as a seller with Mecum, they are
nothing but a first class operation.
 
WESnIL or super99 - having sold stuff at Mecum - can either of you tell me about the description that is shown with the tractors? As the seller, do you write those or have any control over them?

I've noticed on both Mecum and Aumann - they do a terrific job of advertising, and nice pictures, but the descriptions always seem very sparse. I could see this on a tractor that is junk and someone is trying to unload, but on the nice stuff I'd think thoroughly listing out the history and work performed on it could really help increase the final sale price?
 
Used to be, at Yoder and Frey in Archbold Ohio, the seller had to guarantee the engine, transmission and rear end in tractors being
sold through the ring. If you couldn't guarantee them, they had to be sold outside in ''skid row''.
 
I wrote all of my descriptions (After all, you know more about the details of your tractor than anyone else.) and Mecum used them pretty much verbatim. I am aware
of several tractors that have gone across Mecum's auction block more than once. In all cases, the second seller used the same description as the first seller. In
some cases one detail that is mentioned is enough to describe only that one tractor.
 
Once a month, but it's just a shadow of what it used to be. There are a few tractors lined up and they ''sell'' them from a truck driving by. Auctioneers don't walk the machinery rows either. Last time I was there' they sat in the truck with their feet up making a lame attempt to get a bid, but the trucks don't hardly even stop rolling and I don't think many pieces are even sold.
 
Sometimes the auction hurts the value, as the buyer has to pay buyer's premium, trucking, etc..

Most likely the buyer of that 880 is into it for AT LEAST $3000 by the time he gets it home.

I recently bought a firewood wagon on an auction for $100. Paid the auctioneer $124 after buyer's premium and sales tax ($8 was not worth driving to the auctioneer's office to fill out a tax exempt form). Cost me $150 in gas to go get it.
 
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