[AT] Auction question

Mon Jul 30 10:11:12 PDT 2012

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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