[AT] Farm auction

[Mike M]

So a long time farmer across the street from me passed away at 82 years
old, died in his sleep from natural causes. This cut pretty deep,
because he would always stop and chat on his way to lunch. His daughter
is auctioning off all of his farm equipment, which is fairly old except
a newer JD FWD. It is an online auction only, and only two viewings or
walk through are allowed on 2 dates 6/1 and 6/7 from 12-1 PM, both works
days. You had to enter a credit card in order to sign up, as well. Some
people don't use credit cards, and prefer to deal in cash. So I entered
my CC and was able to sign up. That brought me to their start page, and
this was caused me concern, and I think will turn off buyers.

First they have 10% buyers premium. If you pay by CC you'll get charged
a 5% additional charge, and can only charge up to 5K. You can pay by
check, but you'll need to have a letter of credit from your bank. You
have 2 days to get your stuff out of there, and no help will be provided.

Contrast that with another company's auction that I regularly attend. No
buyers premium, credit card is good up to your limit, and if you write a
check, that's fine, they photo copy my ID. Plus if there's not a loader
on site, they bring in a smaller Pettibone to help clear and load
everything out.

Unfortunately, I think this is going to hurt her proceeds.


Mike M

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