[AT] Auction question

[Dan Glass]

I have to respectfully disagree. Auctions can charge 50% buyers premium 
if they want to, I don't have to participate in that auction.  It seems 
to me that every time the government gets involved we lose something.  
We try to make something better and the government always makes it 
worst.  If people opted out of the auctions the auction company would 
change to accommodate the buyers. After all, 15% of nothing doesn't 
amount to much.


On 8/2/2012 7:56 AM, Charlie V wrote:
> With many auctions demanding a 12-15% buyers premium, it would seem to
> come into question who the clients really are.  The seller may
> contract the service, but the buyers are picking a hefty piece of the
> tab.  It seems that a thorough review by ethics boards and state
> legislatures may be in order now.
>
> Charlie V.
>
> On Wed, Aug 1, 2012 at 11:47 PM, Mark Greer <markagreer at embarqmail.com> wrote:
>> They auction farms around here that way all the time. Offered in parcels and as a whole and its anyone's guess which way it might end up selling. Sometimes after taking bids on the parcels, and then bids on the whole farm, they'll even allow the parcel bidders to get together and up their bids to beat the price for the whole farm.
>> Mark
>>
>> ----- Original Message -----
>> Mike,
>> An auctioneer trying to get the most amount of money for his client. I don't
>> think I would consider that practice very ethical. He has wasted two bidders
>> time.  I don't think I've ever seen that done at any auction I've been to.
>>
>> Dean Van Peursem
>> Snohomish, WA
>>
>> -----Original Message-----
>> From: at-bounces at lists.antique-tractor.com
>> [mailto:at-bounces at lists.antique-tractor.com] On Behalf Of Mike Meulenberg
>> Sent: Saturday, July 28, 2012 8:38 PM
>> To: at
>> Subject: [AT] Auction question
>>
>> I was at an auction today, and the way they sold one item was new to me,
>> maybe some of you can shed some light on why they did it this way. Up for
>> bid was a nice Kubota 4x4 tractor that was billed as coming with a 3 point
>> backhoe. The backhoe was a nice Woods unit. So first they auction off the
>> tractor, it brought 17,500. Then the backhoe, it brought 2100. Then the
>> auctioneer said he was going to sell the package of tractor and backhoe
>> together, and opened the bidding at 20,000. Only one guy bid the 20K and it
>> wasn't the guy that originally bought the tractor for 17,500, or the guy
>> that bought the backhoe attachment for 2100. Why would they do something
>> like that, why not just auction the package in the first place. Oh, before
>> he opened bidding on the package he offered both the buyer of the tractor
>> and the backhoe a chance to sweeten their bids, neither did.
>>
>> Mike M
>> _______________________________________________
>> AT mailing list
>> http://www.antique-tractor.com/mailman/listinfo/at
>>
>> _______________________________________________
>> AT mailing list
>> http://www.antique-tractor.com/mailman/listinfo/at
>> _______________________________________________
>> AT mailing list
>> http://www.antique-tractor.com/mailman/listinfo/at
> _______________________________________________
> AT mailing list
> http://www.antique-tractor.com/mailman/listinfo/at