[AT] Auction question

Mon Jul 30 11:10:13 PDT 2012

Will they sell them for the highest aggregate price.  Say for example if a 
combine sold for $28,000 and the corn header sold for $5000.00 then the 
auctioneer resold the package
and both items together brought $32,500.00 then the items would go to the 
two bidders that bought them separately.    If the package sold for $34,000 
the guy that was high bidder
on the package would get the whole thing.

I don't like to see stuff sell like that but I can understand why it's done 
and as long as the auctioneer explains it up front there is nothing wrong 
with it.

-----Original Message----- 
From: Will Powell
Sent: Monday, July 30, 2012 1:11 PM
To: Antique tractor email discussion group
Subject: Re: [AT] Auction question

I've been to many auctions but never seen that happen. Though, it makes 
sense as a way to value a package. But, if there's no chance of the 
components being sold separately why would anyone bid on them? If the 
combined units are not sold after adding the pre-bids are the pre-bids 
honored?

At one auction there was a South Bend Lathe that was separated from the belt 
drive unit. The buyers, including me, complained that they should go as a 
unit. The auctioneer agreed with our argument on those two components. The 
other tooling (chucks, steady rests, etc) were sold separately without 
complaint.

There are a lot of subtleties at auctions. I found out quick that if you 
knew what something was when an auctioneer asked you should not disclose. I 
explained what an item was once and got a bunch of nasty glances. I remember 
one auctioneer asking what an item was and everybody clammed up. After a few 
moments the auctioneer said "I know what it is"..................... "It's 
For Sale!" and the bidding started.

My father forgets protocol sometimes and waves me over in a crowd, he's 
purchased a few items that way.... I always keep my hands folded or in my 
pockets and I never look at the auctioneer unless I'm interested.

In about 3 years my daughter will be done college and I'll have some 
expendable income to attend auctions again!

Regards,

Will

----- Original Message -----
From: "Grant Brians" <sales at heirloom-organic.com>
To: "Antique tractor email discussion group" <at at lists.antique-tractor.com>
Sent: Monday, July 30, 2012 12:16:27 PM
Subject: Re: [AT] Auction question

This is an occasional common practice in California. By that I mean that
only on units that the items are a package, but very readily disattachable -
again mostly Combines and laser levelling equipment.
Grant

-----Original Message----- 
From: at-bounces at lists.antique-tractor.com
[mailto:at-bounces at lists.antique-tractor.com]On Behalf Of
Roebersauctions at aol.com
Sent: Sunday, July 29, 2012 1:39 PM
To: at at lists.antique-tractor.com
Subject: Re: [AT] Auction question

I've been an auctioneer for over 35 years, maybe I can answer a few of your
questions. First all if you hired me to sell your property, you would want
me to get you top price, Right! I'm going to use an item I just sold a
couple of months ago. It was J.D Lawn Tractor, X720 Ultimate, used 5 hrs,
54"
Mower, 47" dual stage snow blower, quick hitch; 52" J.D broom, quick hitch;
4 rear suitcase weight and bar, and tire chains. Before we started to sell
any of the items we announced that were going to sell the tractor and
mower first and hold the bid; then sell the snow blower, hold the bid; then
we
sold the broom, held the bid; then we sold the weights and tire chains as a
package. and then we would total up the bids and what ever the total came
to when we put the package together the opening bid would have to $250.00
higher then the total of the bids. The total of the bids came tp $12150.00,
we sold the hold unit for $14,400.00. We do that with combines as well, you
may have the same combine but need a head, or visa versa. Hope this will
help you understand why we as auctioneers do this and some time it is
requested by the seller, and we have had buyer request that we sell items
separately. As for the Auctioneer who took one bid and sold the John Wayne
Rifle
for one bid will not be in business very long. Ernie
In a message dated 7/28/2012 10:47:57 P.M. Central Daylight Time,
meulenms at gmx.com writes:

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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