While I have been to others the only auctions I have ever bought or sold something at are the local livestock auctions. All of them work the same way. On the seller end there is no reserve and you could bid on your own stock if you wanted to but that could cost you money in commission because you may be bidding up the price and still not sell it. What I do is attend the auction I am selling at and wait for the final bid to be place. If I did not like the price I would just yell out PO the cow. This means pass out and I will take it back home with me. I have had to do this twice and would have had to pay full commission on the final bid if we did not work it out.
The first time I was selling a fed daily Holstein breeding bull that was just coming into breeding age. The bids were for a grass fed butcher steer. I said PO it. The auctioneer asked why and when I told him they re-started the bidding and sold it for a much better price. The second time I was selling a open Holstein heifer. Since she was open the bids brought butcher prices even though I guaranteed the buyer she would breed so I PO it. The high bidder caught up with me and after talking for a while we agreed on a price and she sold threw the auction house. Both times were really my fault. I needed to sell a cow that day for a unexpected expense and had none that were ready to sell. When you try to sell a cow that does not meet the norm buyers think (and I agree with them) you are trying to pull a fast one.
As a buyer it is easy. You bid on what you want and if you are the high bidder you pay what you bid. Seller pays all the commission. If you sit near the back you can see who you are bidding against because their are no internet or other pull out the air bids. If there were someone in the stands up bidding for the auction he must have bought a lot of stuff over the years. And they let anyone except the hired auctioneer bid. At one auction the owner sits in the stands or sometimes is the ring handler. He often bids on and buys stock if he likes the price.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Identifying Tractor Smells - by Curtis Von Fange. We are continuing our series on learning to talk the language of our tractor. Since we can’t actually talk to our tractors, though some of the older sect of farmers might disagree, we use our five physical senses to observe and construe what our iron age friends are trying to tell us. We have already talked about some of the colors the unit might leave as clues to its well-being. Now we are going to use our noses to diagnose particular smells. ELECTRICAL SMELLS
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.