Re: Reserve price farm auctions

Posted by JK-NY on June 18, 2005 at 05:33:41 from (66.218.17.71):

In Reply to: Reserve price farm auctions posted by Ray on June 17, 2005 at 12:24:52:

I,m sure we all have a good story or 2 about this topic. Alot of times people will have someone there to bid their stuff up, or bid it in if its too low. The best defence is to know what something is worth, then decide what its worth to you and remember"buyer beware". Usually around here the consignment auctions are worse for shills, unannounced reserves etc than a dispersal. Also there are some auctioneers worse than others. I called one auctioneer one time to ask about a 1750 Oliver and asked him flat out if it would be sold or would ther be someone running it up to a reserve. He swore it would be sold straight up- no tricks to the highest bider. I took time to look it over ahead of time and went to the sale. A couple guys there were saying they saw it at a consignment sale the fall before, as they remembered it because it had a 1950 block .I saw a coworker there and talked with him the next day ,turns out the auction was for a relative of his, the tractor wasnt theirs,and you guessed it , it was bid in and didnt sell.I guess an honest auctionner is about as common as an honest lawyer or politican. My favorite story is when we went to the cow sale about 10 or 15 years ago. There was a nice little jersey bull that could be regisyered. The guy who ran the sale had a couple farms himself and also did a lot of cattle dealing too so anything that was a real good deal would get struck off to someone who didnt really bid, andd he would buy it. Well the bull went low and he struck the bull off to us .This burned the old man so he went in and paid for it and we went home , got the trailer and took it. The auctonner was a bit annoyed and said "what are you doing with that bull" We told him "according to you we bought him" and showed him the recept which we had paid for before he could tell them in the office what he had in mind.WE still kid him about that , he hasnt tried it since ,with us anyway.

Follow Ups:

Post a Followup Name: E-Mail: Subject: Comments: Optional Link URL: Link Title: Optional Image URL: Email Notification: If you check this box, email will be sent to you whenever someone replies to this message. Your email address must be entered above to receive notification. This notification will be cancelled automatically after 2 weeks.

TRACTOR PARTS	TRACTOR MANUALS

We sell tractor parts!  We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]