[AT] Farm auction

[Cecil Bearden]

The online auctions are bringing more money here in OK.  A friend of 
mine said that he thinks it is because you don't have to stand around 
all day to get what you came for.  The auctions are usually after 6pm, 
and they can have 4 or more a week.  The on site ones were usually on a 
weekend.  I deal with 2 auctioneers here and they tell me online is the 
way to go..

Cecil

On 5/21/2021 4:49 PM, Bill Brueck wrote:
> The dominant and long time auctioneer family in this area is going increasingly online.  I talked to the son recently and he said they see online auctions as the future.  I'd guess about 70% of their auctions are online only now.  They were early in the hybrid concept, have been doing that for years.
>
> Brother in law in Iowa retired from farming and had his auction early this spring.  Sullivan, major auctioneer our of Illinois had this sale.  Things were pretty well locked down from Covid yet, they had the auction online only.  It was a excellent sale in terms of the prices he got.
>
> I was at a live auction on a real nice day here recently.  Folks really enjoyed going to a "real auction" again.  Me, too.
>
> B²
> Bill Brueck
>     Pine Island, MN USA
>
> -----Original Message-----
> From: AT <at-bounces at lists.antique-tractor.com> On Behalf Of szabelski at wildblue.net
> Sent: Friday, May 21, 2021 3:45 PM
> To: Antique Tractor Email Discussion Group <at at lists.antique-tractor.com>
> Subject: Re: [AT] Farm auction
>
> Sheridan has been around for awhile. This isn’t how they normally do things. I’m guessing that the seller has something to do with the way things are being done.
>
> Carl
>
>
> ----- Original Message -----
> From: Mike M <meulenms at gmx.com>
> To: at at lists.antique-tractor.com
> Sent: Fri, 21 May 2021 13:30:42 -0400 (EDT)
> Subject: Re: [AT] Farm auction
>
> Howell, MI
>
> Here's a link, I don't think he ever threw anything away, if it broke, he's park it and get another one, That's a lot of tractors for 150 acres.
>
> https://bid.sheridanauctionservice.com/auctions/catalog/id/27193/
>
> Mike M
>
> On 5/20/2021 11:17 PM, szabelski at wildblue.net wrote:
>> A10% premium is not that unusual. Since this is an on-line auction, the use of CCs when signing up is one way to keep people from bidding and then backing out, they will charge the CC for whatever was bid. When you go to regular auctions you need to provide ID in order to bid so that you can be held accountable for your bids. If you win a bid, I’m sure you can show up and pay cash, especially since you can apparently pay with a check. You can probably contact the auction house and ask them if you can do that. Last time I did an on-line auction bid I paid cash when I picked up the item. Having to pick up everything within two days is also not unusual. But not having somebody there to monitor things being picked up is unusual. Maybe the seller is taking on that responsibility and the auctioneer is out of the picture.
>>
>> I agree that the viewing times are kind of unusual, but maybe there’s something that prevents somebody from being there at any other times to handle viewers.
>>
>> By the way, where is the auction?
>>
>> Carl
>>
>>
>> ----- Original Message -----
>> From: Mike M <meulenms at gmx.com>
>> To: Antique tractor email discussion group
>> <at at lists.antique-tractor.com>
>> Sent: Thu, 20 May 2021 18:50:22 -0400 (EDT)
>> Subject: [AT] Farm auction
>>
>> 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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