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Re: Heres a different take on farm auctions


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Posted by JK-NY on June 02, 2022 at 08:58:01 from (174.197.192.56):

In Reply to: Heres a different take on farm auctions posted by Bruce from Can. on June 02, 2022 at 06:46:43:

I think you have to be licensed to conduct an auction here in NY. Many people use auction services that offer both online and live auctions. A friend of mine just had his late father's equipment sold that way for the estate. Also most of the larger consignment auctions are both live and online. I think it would be legal to take sealed bids to sell your own equipment , or just advertise it with a set price. Then you can always haul things to a consignment sale if you can't get them sold yourself. The advantage of using the auction method is it will get everything sold . In my friends case everything that was in good shape and newer brought good money, alot of tractors and equipment needed some work and most of that stuff sold for all it was worth, and some things were a decent deal. Even the worn out junk got a new home. And her the auction service writes the owner a check and it's their job to collect the money from the buyer. It does make sense to me to see if you can save the money that the auctioneer receives, but in today's world the auction method has the potential to get a pretty good price for good equipment, maybe enough extra to cover a lot of the auctioneer cost. One reason why you see less onsite farm auctions is there is so many less smaller farms left , at least that is the case around here.


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