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Re: Auctions


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Posted by wisbaker on November 25, 2012 at 13:20:06 from (207.118.181.192):

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

I went to quite a few auctions when I was a kid and we moved to the farm, a few more as a young adult. One estate auction I went to I spent $75.00 on tools, took about 1/3 of my newly acquired tools back to Sears and got $50.00 of new tools, got one Blue Point wrench in the box warrantied (odd wrench a 12 point flare nut) so I guess I came out okay. I course I attended all the County sales I conducted with them and started going to sales again. I am probably the kind of sale buyer the other buyers hate and the auctioneers love, If I see something I could use, maybe not so much want but could use I'll bid it up. One living estate sale I went to the guy had a lot of tools, I bid on them even if I didn't want them. I'd easily run a drill motor or saw up to $15-20. If I got it okay, if I didn't okay to, guess there weren't many bargains that day, although I did get a gas grill with a full tank of propane for $22, I bid the guy's turkey fryer(also with a tank) up to $30 before I quit. Once I got an auctioneer and date committed for the county I'd go to that auctioneer's sales for 2-3 months prior we'd talk up our upcoming sale and some of the neat stuff we'd be selling during the other sales.

After selling cars for a while and holding these sales for the county it often surprises me how many people have strong opinions of value that are wrong. Was selling county cars by sealed bid, one of the units was a 5 or 6 year old Ford Focus sedan, basic car with working air. One bidder offered us $2,200 and enclosed a long letter detailing everything he felt was wrong with the car to justify his price. We had 3 bids on the car higher than his, the winning bid was from a used car dealer in the next town over, he paid $4,100, it was on his lot less than 3 days. I sold Ford Tauruses (Taurusi?) at auction for excellent retail ($7,000 +) and at the same sale had troubles getting Malibus sold for reserve. Although the real vehicle bargains did happen. The County Board and administrator allowed me to set individual reserves on vehicles but I could lift the reserve if the group of vehicles sold for more than reserve, so when I sold that Taurus for $2,800 above reserve I was able to lower the reserve on the Malibu by $900 to make it go away.


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