[AT] Auction question

[Paul Waugh]

Never seen it at this type of auction, but around here, they do this with
land all of the time. It takes a lot to keep up with it.  These are always
announced that they will be held this way.  Bid Individual, then people can
mix/match any combination.  It does drive the price up but people get what
they want.
Paul

-----Original Message-----
From: at-bounces at lists.antique-tractor.com
[mailto:at-bounces at lists.antique-tractor.com] On Behalf Of Dean VP
Sent: Sunday, July 29, 2012 2:13 AM
To: 'Antique tractor email discussion group'
Subject: Re: [AT] Auction question

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
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