Posted by Shaler on December 20, 2019 at 05:47:03 from (100.6.109.192):
In Reply to: Farm Auctions posted by rusty6 on December 19, 2019 at 18:42:22:
We have an auction company locally that commands an incredible share of the market. If you you have a smaller farm or smaller estate they will conduct the auction On-Line. I beleive they will still do a traditional auction for the little guy, the commission will just be a little higher. Now some may not like the idea of paying 9, 10, 11% or whatever. I get that. However a couple years ago I attended an auction of a small farm conducted by a lesser known auctioneer in the area. I attended because it was just a mile down the road from me. what a disaster for the seller. The farm did not sell. Many of the chattels were practically given away or not sold because there were like 25 bidders in attendance. The seller severed the mineral rights from the land and the auctioneer ended up buying the mineral rights "to help out" the seller as he told me later when i asked him what was going to happen to the farm since it did not sell. That did not seem very ethical to me.
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