[AT] Auction Question

[charlie hill]

In NC parcels sold at the court house steps are often if not always subject 
to an upset period of I think 30 days after the bid.  At anytime during that 
period someone can submit a higher bid.  I'm not exactly sure how long it 
goes on and how an original bidder gets to respond.

Charlie

-----Original Message----- 
From: John Slavin
Sent: Thursday, August 02, 2012 12:12 PM
To: AT at lists.antique-tractor.com
Subject: [AT] Auction Question

In Missouri, when farmland is sold at the court house steps for a legal 
reasons, often the statutes setting out the procedure require that it be 
offered as a whole or in pieces.

John Slavin

> 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

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