I've only been to one farm auction where the sale bill said anything about a buyer's premium... Apparently, there were so many complaints that it was dropped - I bought a tractor there, but only wrote a check for the amount I bid - nothing added to it. There are still enough auctioneers around that competition is keeping the buyers premium away, I think. One consignment sale that I've contributed to before has a fee scale of 25% (!) on item up to something like $100, 15% $101 to $1000, 10% $1001 to $10000, and 8%(?) for $10001 and up. With those rates, they don't need a buyer's premium. Most of the online auctions around here have a buyer's premium, usually 10%, and it's clearly stated under the terms of sale.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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