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funny auction practices

A

Anonymous-0

Well-known Member
I attended an auction that polk held in ohio.I had the high bid on a tractor.The other bidder shook his head no and walked away.Polk hollers sold and points to the rear of the crowd and
announces a bidders number.There were only two bidders, and we were about 20 ft apart.I went
into the auction trailer and they refused to
tell me who bought the tractor.He accounced that same number a couple times more on two other tractors.I was watching them and no one was
bidding from where he was pointing to when he said sold.I described the tractors to a friend of mine who told me they were now on polk
equipments lot.
 
polk us very known for running bids on his own tractorsrhat is wy so many of us do not attend his sales its a waste of time
 
some times the seller is in the crowd,,if he does not get enough for the tractor,he will shake his head,,then they will then quit takeing
bids,,very common in the south,,,jeff m
 
About 20 years ago, I had a used car dealer's license. I took an Olds Cutlass to the local dealer's auction and put a $3400 protection price on it. The paperwork is rigged so the auctioneer knows the sellers bottom dollar, but there's no way the buyers can.

The bidding on my Olds petered out at about $3200. The ringman asked me if I'd let it go for that. I told him I needed $3400. The ringman said, "OK, we only have one bidder. We'll work on him some more".

They started the bidding again and pretty soon had $3400 bid and sold the car. I have no idea where in the rafters they were getting their other bids.

Those dealer's auctions definitely aren't for the naive or faint of heart.
 
Yeah just about any auction the auctioneer will pull a number out of thin air. I used to think it was the auctioneer setting a reserve price on his stuff (one of the local auctioneers is a scalper too.)

I used to make a note of anything that got a bidding number under 50. You could visit the auction lot a month later and still see that stuff sitting there.
 
is it possible that Polk was doing the bidding for someone who couldnt make it to the auction but left a check for the amount he was prepared to go to? bill m.
 
auctions run like this will put themselves out of business seen several go out. Several yrs. ago friend was bidding stock trailer at one i watched who he was bidding aginst told him to drop it. Drove by the lot a few days later the other bidder worked for the auction house.
 
Yeah, that is a good possibility. If the sale is local I often put in absentee bids. I was at a sale where the owner was acting as his own reserve. I only found it out later.I was bidding on a baler. I bid 6K, they got 6,100. I dropped out. After a long working the crowd the auctioneer pointed at me and said "Your in at 6k". Then he knocked it off to me. I was bidding against the owner, and after I stopped in deceided it was enough to sell it.
 
I was the first bidder and the last.If he had a secret bidder that would have raise the price.Why would the tractors be on his lot for sale then?
 
I had a tractor at auction that wasnt going to bring near what I would like to have had. Auctioneer pointed my way and asked if I would sell at the bid price. I said ok.

steveormary
 
If you want to go to a lot of auctions you need to get to know the auctioneer he can be your friend especially if you have a piece of equipment you want real bad because if you let him know your sign like a tug of the hat or scratch your nose he will acknowledge so people don't know who's bidding. I've done this a few times and also almost got tripped up a few years ago with an old auctioneer friend that came up to me after the sale and said you should have let me know you wanted that tractor and I said what? I took your bid when you scratched your nose and that's all I got from you and I said that's what I was doing, scratching my nose. He was one of the best auctioneers I knew, he's gone now.
 
Its called "Ghost bidding" and he is famous for it. Many years ago, we had lost our farm, and they were holding a forclosure sale. Well he was the auctioneer,,, we had a 530 case tractor that dad bought new,,, and we wanted to buy it back. Dad had the last bid for 1300, then it went to 1350, and he said sold without asking dad for the next bid. I remember he pointed to the back of the crowd when it happened. So we lost our case tractor the second time. same day the case was loaded up on HIS roll back and hauled up to his place of business on the for sale row. So that does not surprize me one bit to hear this again.
 
The Flea market at Rogers, Ohio, has an auction day every month, maybe oftener. i went there once, but never again! The auctioneer talked so fast, a lot of us couldn't understand him or what he was saying! As it turned out, only a few folks went home with most of the stuff that sold! I firmly believe they worked for the auctioneer!
And, i never went back there! Never!
 
It seems that at most farm auctions the last few years there seems to be a fewer good deals. On some items auctioned they end up at the auctioner's lot or at another auction. This is especially true for consignments. But if it is your equipment being sold you want the best price. The auctioneer is working for the seller vs. the buyer.
 
Went to an auction at one location by one auctioneer. I got the list of equipment that was being auctioned off that day. I sat there all day writing down the prices that the things were being sold for. (no I didn't buy anything, I was affraid). About 4 months later at a different location, actually in the next state over, by a different auctioneer, there were several dump trucks, several tractors, etc. etc. being auctioned off that was at the first auction. Something funny was going on there....
 
At the auctions in this part of the country you can't buy an older ih, jd,or ac, etc tractor at a reasonable price. The auctioneers are buying them for out of state buyers in the east. And they don't seem to have a bottom to their checkbook, out bid everybody. BUT the auctioneer will announce before the sale that they will br bidding for out of state buyers.
 
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