If an auction is listed as unreserved and no buy backs, the auction company can stop you from bidding or having someone else bid on your behalf. Ritchie Bros. strictly enforces this and I believe has taken to people to court over it. You have to sign and agree to the conditions of the sale. You don't follow what you signed is a breach of contract. I've had a few things in a reserved auction not sell. The first time the auctioneer charged me half of the normal commission because it was at a farm sale. The next time was at his sales yard and he didn't charge me anything. Another time I had a riding mower that didn't meet my reserve but the highest bidder really wanted it. The auctioneer called me up and asked what I would need for it. I lowered my reserve about $250 and they sold it for me. I figured $2400 was better than nothing.
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Today's Featured Article - Reflections of the Fifties - by "Country" Elliott. I remember rowing up in the 1950�s in a small, rural town in northwestern New Jersey. The closest town to ours was only 3 miles away, and there were seven dairy farms in the areas of these two country towns. We had 5 acres, and because my Dad was a salesman and not a dairy farmer, he let the Bockovens, who owned the Willow Tree Dairy farm most of our land.
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