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 - Box Plow Blues - by Tom Schwarz. One of the first implements most tractor owners obtain is the box plow. For very little money, this piece of equipment promises to plow and flatten any hill or vale on your ranch road or farm. At least that's what I thought! As simple as a box plow appears, it can be rather challenging to make work correctly. In our sandy soils of Florida, traction is king. You can never have wide enough tires or heavy enough weights to get all the traction you want � unless you own a monster tractor. U
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