Agreed. A poorly run auction hurts the seller but makes for some real bargains if you have the patience.
I showed up late for one earlier this spring (auction started at 9 got there at 1 to see the land sell) BSed with the neighbors for a while, watched some TV on the phone in the truck then finally started bidding on things at 6 in the evening. I bought a $400 anvil for $25, a massive locking steel cabinet for $10 (when I first saw it I figured $500-$600 at least) and a good wide front end off a 656 tractor (with tires and rims) for $50 - sold it to a neighbor for $400, it was worth a lot more but he needed it and I was already making good money off it. He had seen it at the auction but left long before it sold. Bought several other smaller items that were getting sold fast and cheap as it got dark. So for "wasting" about 6-7 hours of my time I made well over $1200. Not exactly lawyer rates but worth the leisure effort I put into it.
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Today's Featured Article - What Price Enthusiasm? - by Anthony West. Quite frankly, for some time now restorers like myself have become more and more concerned about the rapid increase in the prices of old farm machines here in England. There is now a growing market for "As found" machines. Which as machines get rarer, has found the birth of a new industry....one of the "procurement agent". These agents appropriate as much old machinery as possible then inflate prices at auctions. So at what price enthiusiasm? We are now seeing poor machines which 3 years ago ma
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