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Nebraska Auction Again

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newfarmer9

02-15-2008 15:27:17




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Well I read over the fine print on the online version of the Nebraska Auction flyer. The more I read, the more ticked off I get! Kruse is charging for parking, charging a $10 admission fee, charging $20 per auction flyer, charging for bidder numbers, charging a 10% buyers premium on vehicles and a 15% buyers premium on literature and parts, and charging a 7% sales tax. If you are planning on paying for any of your purchases with cash, you must leave a $500 deposit at their office before bidding even begins. Oh yeah and on top of all this, if you don't get your purchases off of the property within 24 hours, Kruse will move it themselves and charge you handling and storage fees. GRRRRR ! This auction is outright thievery in my opinion. Don't plan on coming away from this sale with any deals, you will quickly rack up hundreds of dollars in premiums, taxes, and fees. Anyone else feel the same way I do?

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Bob Rathgaber

03-05-2008 16:44:15




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
Now fellows, I'm not a fancy pants guy, I have worked most of my life with my hands and back, I drive an old pick-up and have some toys that I wrench on myself. I gotta tell you, I'm a hell of a lot more concerned about my son catching a bullet in some foreign desert or my grand kids finding good work, than I'm worried about who makes what off my hobby. I can choose to participate or stay home. Yes, I'm retired and now work as a contract employee of the Kruse auction company, but I make no apologies for participating in the free enterprise system. Every one of you guys complaining have sold something and every one of you wanted the top dollar you could get. There is nothing evil about profit and if you feel there is, maybe you need to move to a communist country. The rumor mill has cranked out a lot of BS about this auction, so let me set the record straight. First of all, the cost to bid is twenty dollars which includes entry to the auction for the bidder and a guest as well as a full color catalog for the bidder. There is a $10 fee for folks that want to just look around, but that's so we don't have so many lookers that it makes it difficult for the bidders. An error in some early advertising stated 24 hours for removal of items, but it was corrected some time ago stating 30 days. We will have staff on hand with equipment to help assist loading at no cost, however, we will also have on site contractors to assist for a fee those that want to expedite load out for their own convenience. Unlike a local farm or estate auction and to ensure the seller has plenty of qualified bidders for nearly 20,000 lots, Kruse incurred a very large advertising budget which dictates a need for a buyer premium to offset some expense. Look at this way, a man could sell his wheat, corn or beans for less per bushel if he didn't have fuel, fertilizer, and equipment cost. This is a huge sale with many costs that go unseen to most folks. Now I’ve been to many auctions, seen some items sell like they we're solid gold but, most of the time the market dictates the value. If an item is worth $500 and sells for $250 plus 10% buyer premium total cost is $275--still a good deal. Now if there is a 7% sales tax, you'll have to talk to the governor, because that is not Kruse profit. I'm not sure where the $10 a day parking fee came from but, it too is false--bring you truck, trailer, or mother in law and leave them in the parking lot for free while you bid to your heart’s content. I know some of you guys are more familiar with some other auction companies, you know their faces better, maybe sipped a coffee with them and talked shop. On the other hand, many of you feel the Kruse company is a million dollar car dealer. Allow me to let you in on a little known fact. They were raised on a working farm, doing chores, slopping hogs, plowing fields and praying for rain. This is going to be a great auction with many good buys, don't let yourself miss out because of some poor information. The Kruse folks will treat you fair. You may make some great buys and best of all you'll see some old friends who enjoy the same hobby as well as make some new friends. Now I know after reading some comments my dander was up a bit and I got kind of long winded, but I'm hoping you will give us an opportunity to earn your business before you pass judgment. Old Bob will be there and I sure would like to shake your hand, and buy you a cup of coffee. Hopefully you'll see the Hoosier auction team deserves a chance to prove there worth. THIS IS TOTALLY AN OPINION OF BOB RATHGABER AND WAS NOT AUTHORIZED BY KRUSE MANAGEMENT. YOU HAVE GOT TO LOVE FREE SPEECH!

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newfarmer9

02-16-2008 20:22:45




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
Just because there is nothing that great there doesn't mean that stuff is going to go cheap. The sheer volume and variety of items will more than make up for the lack of quality. With 20 000 items, this is one big auction. And if it turns out like any of the other big auctions I have witnessed, there will be enough crazed buyers to drive the bids up to ridiculous amounts.
Plus if you read the bankruptcy documents mentioned and discussed on this forum previously, you will realize that the monetary value of this collection is absolutely massive. Kruse is not going to let anything go at bargain-sale prices.

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Jerry Cent Mi.

02-16-2008 04:17:21




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
I believe that they also have internet bidding. You will never know who you are bidding against.



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135 Fan

02-15-2008 22:41:08




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
I hope if the other auction company did get the shaft because of no fault of their own, they are rewarded. I just had another thought. What if Kruse told the owner they could get more money for them? That may explain all the rediculous extra charges for a glorified farm auction that might be in the middle of a muddy slippery field. Dave



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newfarmer9

02-15-2008 20:47:04




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
In response to fixerupper: You make a very good point there. Like someone else said, Nebraska in April will be a muddy mess. And hundreds of tractor trailers, flatbeds, floats, trucks, people, etc. are not going to make it any better. Plus the 24 hour rule means that people will have to get their equipment out of there as the auction is still going on, since it is set to last 7 days. That's going to create one heck of a zoo. I have a feeling a lot of buyers are going to wind up paying the storage and handling fees.

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newfarmer9

02-15-2008 20:37:08




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
Just read your last post there Bob. I am sorry if I took your post about money the wrong way, but "You can sure "vote" with your $$$$ (or lack thereof), though!" can have a lot of different connotations. I took it as you were trying to imply that the reason I wasn't going was because I couldn't afford to. I hope you can accept my apologies on that error.



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newfarmer9

02-15-2008 20:29:13




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
And BTW, I am not trying to "control" the auction in any way, shape, or form, as you seem to think. This thread is turning into a mess. I just wanted everyone to be aware of the terms and conditions, and make their own educated decision based on their personal situation. I have made my decision not to attend, as have most others who have posted in this thread and others spread throughout the various boards. If you want to go, Bob, then by all means, go. "To each man his own". I suggest we leave it at that, and end this bickering.

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David Maddux

02-15-2008 20:19:42




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
I for one will never attend an auction that charges a buyers premium, much less charge for bidding number, parking and so forth. Call me old fashioned, I guess. But if an auctioneer came to my place to conduct an auction and charged a buyers premium, I would run him off.



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fixerupper

02-15-2008 20:09:06




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
It's not possible to get that much equipment moved off in 24 hours.Jim



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Mathias NY

02-17-2008 05:22:19




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 Re: Nebraska Auction Again in reply to fixerupper, 02-15-2008 20:09:06  
24hrs from the time of purchase, over 7 days that is 168hrs for all the equipment to get removed. Still a bit of work but a little more practical.



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newfarmer9

02-15-2008 19:58:42




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
I will certainly have fun staying at home and getting some work done, instead of travelling quite a distance only to be blatantly robbed.



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newfarmer9

02-15-2008 19:24:58




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
Bob: I know I can't dictate how someone runs their business, and I was never implying I should be able to. I just wanted everyone to be aware of the circumstances (since most people don't read fine print) so they could make their own educated decision on whether to go or not. And from the responses I have read here it certainly seems like most people feel the same way I do about this auction.

And BTW, since you seem to think some of us have a "lack thereof" when it comes to money, let me tell you that it is not a money issue that is keeping me from this sale. It is an issue of moral values. I would rather buy privately at a lesser price and have my money go to a hard-working well-deserving farmer than pay more and have the money go to some greedy auction company. If you want to go to this sale, then by all means, go! Those of us who aren't going are not going to stop you! But should you decide to go, remember the old proverb:

"A fool and his money are soon parted"

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Bob

02-15-2008 19:40:17




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 19:24:58  
I NEVER said you "had a lack of money".

I said your control of how they conduct their auction is limited by HOW YOU (and others) CHOOSE TO SPEND YOU MONEY!

HAVE FUN!



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mucho dinero

02-15-2008 18:56:49




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
It would be more fun and cost less to go see a REAL circus.....



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Mike M

02-15-2008 18:27:59




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
It is kinda like this upcoming presidential election a SCHAM that is turning me off the more I hear about it.

One thing for sure I never had any intentions of attending that auction anyhow. And I may just skip this election too cause it looks like no good choices !



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TylerARK

02-15-2008 17:39:57




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
I wonder how many (po) bidder numbers they will be using to either run the prices up or make it look like everything sold ? I bet they have put running, restored high end values on even the rough, stuck tractors. Maybe its just me but I would truck 200 to 500 of them back to the Midwest at a time and have several different auctions. Makes me feel even better that my annual tractor auction in April has No parking fees, No admission charge , No buyers premiums, No sales tax, No golf cart rentals, No 24 hour tow away scheme. No Loading charge. Etc Etc. Just some honest southern rednecks havin a consignment sale ! Tyler

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newfarmer9

02-15-2008 17:14:19




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
Bob: I am not denying that Kruse will succeed in making mass amounts of money. Undoubtedly they will do just that, with or without us at the sale. In my opinion, though, on a sale worth potentially 100s of millions of dollars, on which they will likely make millions of dollars of commission, Kruse DOES NOT need to charge for everything, which nickels and dimes their buyers to death.

Just think of it like I do. Going to an auction is just like going shopping at a local store (your Wal-Mart or whatever). You browse through an inventory, and exchange money for the goods you wish to purchase. Now, if you were to go shopping at your local store: Would you pay to enter the parking lot? Would you pay again to enter the store? Would you pay again for the privilege to buy in the store? Would you hand the cashier $50 while you browsed the inventory? Would you pay the price of your purchased goods plus 20% more? If you wouldn't do all these things at your local store, then why do it at an auction?

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1206SWMO

02-16-2008 17:18:48




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 17:14:19  
Where are you coming up with 100's of millions of dollars?Theres nothing that great there.



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Bob

02-15-2008 18:05:45




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 17:14:19  
UNFORTUNATELY, neither you nor I can dictate how someone else chooses to conduct their business, besides to boycott them. Beyond that, it's NOT worth losing sleep over!



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varmint

02-15-2008 17:08:35




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 Re: Nebraska Auction Again in reply to GA Dave, 02-15-2008 15:27:17  
yeah a lot of j Deere an high crops of ever sort .Just got this in the mail but it is old news seems like .

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Verniee

02-15-2008 17:38:07




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 Re: Nebraska Auction Again in reply to varmint, 02-15-2008 17:08:35  
Most of that junk looks like it should have been scrapped. Of course the John Deere dorks will pay a fortune for any junk that still has a spot of green on it so maybe that is what they are relying on.



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1206SWMO

02-15-2008 16:35:51




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
I personally wouldnt walk across the road to attend a Kruse auction.



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Jayinny

02-15-2008 16:22:43




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
I agree with you newfarmer. Last May I bought a Honda ATV at a farm auction wit a 10% premium.You have to remember that when your bidding. You have to try to remember You a hundred bucks ahead when your only at a thousand, and so on. I will never buy anything that way again. These auction companys must be making a fourtune doing that. A $2100 atv cost me $2310 ,210 right to the company.



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newfarmer9

02-15-2008 16:21:31




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
The question isn't "What's to be ticked off about?" The question is "What's NOT to be ticked off about?"



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newfarmer9

02-15-2008 16:19:54




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
I'm just trying to get the word out so people know, most folks don't read the fine print, let alone do background research. I am sure a lot of people didn't know about the $500 deposit required if paying by cash, and will be turned off by it. While you will get this deposit back if you don't buy anything, it doesn't say how much of it they will keep if you buy something, or if they will apply the deposit towards your purchase. Items at this auction are going to cost a heck of a lot more than the actual bid price. For example, if you buy a $1000 tractor. You pay $100 buyers premium + $70 sales tax + $10 admission fee + parking fee + bidder number fee + some or all of your deposit . So that $1000 tractor will end up costing you well over $1180. Plus if you don't haul it off within 24 hours they are going to nail you again.

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Bob

02-15-2008 16:24:32




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 16:19:54  
I guess what you are saying is that an auction of this size is BIG BUSINESS, and you have to be one of the "big dogs" to play the game!

Kruse is "big business", and like any business, they are in business to make money, BIG MONEY and it looks as if that's what they are trying to do here! And. I'll bet they will succeed, with or without you and me!



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notadeere

02-15-2008 16:04:44




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
my guess might be wrong but i think some things will go cheaper than they should as most of us wont be at sale because we dont want to give someone else Our hard earned money just to let us get a # to buy something we have to pay for 2 times but then again im sure theres gonna be lots of idiots enough there to keep prices going



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vjd

02-15-2008 16:01:12




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 Re: Nebraska Auction Again in reply to newfarmer9, 02-15-2008 15:27:17  
I am staying home dont need there high priced JUNK



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Bob

02-15-2008 15:42:19




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 What's to be ticked off about??? in reply to newfarmer9, 02-15-2008 15:27:17  
What's to be ticked off about... if it offends you, don't attend. I am sure no matter how many of you guys are ticked off, the sale will proceed successfully for that auctioneers, so what'cha gonna go about it???



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Oldoakley-2

02-15-2008 18:02:58




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 Re: What's to be ticked off about??? in reply to Bob, 02-15-2008 15:42:19  
Bob,Bob, Your kind are dime a dozen. Your personally is shown.



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Bob

02-15-2008 18:13:32




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 OakleyGuy in reply to Oldoakley-2, 02-15-2008 18:02:58  
What's wrong with MY personality?

I do not own the merchandise.

YOU (apparently) do not own the merchandise.

newfarmer9 does not own the merchandise.

Is it for ANY of us to dictate how the owner/auctioneer conducts the sale?

You can sure "vote" with your $$$$ (or lack thereof), though!



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RobMD

02-15-2008 20:03:39




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 Re: OakleyGuy in reply to Bob, 02-15-2008 18:13:32  
He spelled personality wrong. Now his "personally" is shown.



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Bob

02-15-2008 20:08:43




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 Re: OakleyGuy in reply to RobMD, 02-15-2008 20:03:39  
Are YOU going to the sale, Rob?

I would, but I'm short of cash, like the other guy accuses me of saying about him!

At least I can ADMIT it!



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Larry NE IL

02-15-2008 18:02:57




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 Re: What's to be ticked off about??? in reply to Bob, 02-15-2008 15:42:19  
I don't think that staying away will hurt the auction so much either. In fact, it's not about that at all. Each one of us has a personal standard that we live by. I am not that close anyway, but I wouldn't go if it was next door....MY standard.
Here in Northern Illinois, there is an auction co. that after selling my friend a tractor, auctioned off the manual. You will never see me at one of their auctions either.
Larry NE IL

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