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Re: Auctions


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Posted by Robert major on November 25, 2012 at 10:26:24 from (216.130.77.111):

In Reply to: Auctions posted by John B. on November 25, 2012 at 06:02:21:

Hi
I don't bother with sales now. Just find what I want private or buy new.A lot of machines in collective sales are dealer or farm junk round here, at least if it's private sale you go to the guys place, get the feel for the guy and see what a C$%P hole his place might be to decide if your gonna buy.
Use to spend days at sales and not come home with stuff so that also added to cost with wasted time and fuel truck/ maintenence.
The other thing I found was Id put fully restored tractors in to find they made half the money the same tractor that was wrecked made. The wreck needed $5000 spent on it to be the same.
The other thing we have up here in Canada at our season auctions is a guy called Norm Smith. He buys a lot of stuff, In reality it means Not sold as the reserve was not made. our guys want the commision on what reserve was if not sold. So if The Tractor was $50.000 reserve you do the math on what that cost to bring it home again.
Regards Robert


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