Posted by Christos on January 23, 2010 at 10:25:27 from (130.108.192.34):
Hey everyone,
I have a question about how used equipment auctions work. I went to Tri-Greens in London, OH today and asked about some pieces I saw (price wise)
How do these things work? Its it like ebay or is it a bit different? I"ve never been to one of these things before and I asked for prices on two plows (CIH 420 2x16 and Ford 10-134? 3x14) and a IH #10 grain drill. I was quoted that the consigners wanted 425 for the Ford, 1000 for the CIH and 800 for the drill.
All the prices seemed pretty steep (especially for the drill) when they say "they want" X amount of dollars at auction do they GET the X amount?
I ask because I had planned on getting a plow there and I know it"d be cheaper wholesale then deal with the used guy close to home that marks up the equipment up and paints over the rust.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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