aucton prices

INCase

Well-known Member
a couple tractors sold nearby online

Oliver 550 (early model) Ran but has fuel tank and transmission issues with loader looked like good rubber $1550

JD 2010 rough tin with JD loader not sure if gas or diesel but it ran, fair/good tires $1700

there were others but i didn't save them so i cannot see the final prices. last i saw a couple F20 carcasses were in the $150 range. and a decent looking Farmall super A was around $1700 with no cultivators or other attachments.
 
I have only once so far done the on-line auction thing, and dont like it much. The folks that I knew selling were charged 30% commission and as a buyer I had to pay a 10% buyers premium. Seems to me that the auction company makes far too much on these things, greedy beggars.
 
yeah not a fan of them either for big stuff. this one did not charge a buyers premium but i know some do. I am curious what they charge the seller.


i will say for household and lawn/garden/tools stuff i've gotten some really good deals.
 
(quoted from post at 09:27:29 07/13/23) I have only once so far done the on-line auction thing, and dont like it much. The folks that I knew selling were charged 30% commission and as a buyer I had to pay a 10% buyers premium. Seems to me that the auction company makes far too much on these things, greedy beggars.

Is that 30% straight across the board or is it based on final value? The more money something brings, the lower the commission for most auctioneers...

I consigned a few things back in May and the item that brought $12 he took 15% and the item that brought $350 he only took 10%.

Pretty sure at one of the sales I was at this spring, the auctioneer said they were working off the buyer's premiums, not charging commission.

Time is money, and it takes about the same amount of time to sell a $12 item as it does to sell a $350 item.
 
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Well bet he will be UNEMPLOYED. I could no more bid on something on an on-line auction than I could flap my arms and fly to the moon.
I went to Mecum's Spring auction back on March 24&25 in East Moline. Those guys push the iron out the door! They had sheets you could grab and keep track of the price on everything. Some stuff looked pretty rough up close and other stuff looked great. I'd like to buy me a Super M-TA as nice as the one Dad traded on a 450 gas with Fast-Hitch back in 1965, the M-TA had almost perfect paint, good original 12-38 GY tires with 50% or better rubber. Yes, a really good M-TA would have to have fresh new paint, maybe a new TA, and tires.
 
AS far premiums on selling price go just figure in what the final price will be and bid accordingly.I don't care how they divide the money up if I get an item for what I want to pay.All the other bidders are doing the same thing so if they didn't have a buyers premium you end up about the same on the final amount.
 
Yeah, the 30 percent commission or seller's fee on small items only (under 20 dollars) has been around for at least a decade. For me it is not a big deal for items that I am simply disposing of anyway and I can see where it helps offset some of the auctioneer's time wasted on selling very small items.
 
I asked the girl that helped me get my stuff loaded.

she said 10% buyers premium but i wasn't charged one.

she did not know what the sellers rate was.
 

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