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emptypockets
03-20-2005 05:07:49
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Hi YT People... a lot of e-mails are coming in asking what is the "Reserve" on the tractors and implements (trucks too) I have posted. First off, I am not a dealer... I am a hobbiest in old iron and a self proclaimed North American pioneer preservationalist... I have the fortune of living in rural America where the grassroots people are, work in the oil patch and get to drive hundreds of miles of back roads every day. I stop when I see old iron "in the weeds"... meet the farmer, wife and family and have 39 hours of the best talk one can ask for. I ask "is it for sale" if no, I ask can I take a picture and mark down serial number for my "where is it now book". If yes, I tell them about YTmag.com, and get to posting their iron. Idea in mind to get "as much as we can", that is the American way. Everyone can be informed as to what is available and have opportunity to bid at the auction, I post a "Safety Reserve", that is, if it is reasonable worth under $1000 then $1000 is the YT Reserve, if under $10,000 then $10,000 is the Reserve and so on $25k, $50k, $100k (UDLX territory). Then, it is the HIGH BIDDER and BRIDESMAID I am looking for. Once established, then we get down to brass tacts... Seller---as much as can get down to rock bottom happiness, Buyer---as little as possible to best offer happiness, and usually a deal is struck in between rock bottom and best offer and happiness prevails. Then comes the detail of trucking... either you come and get it, simple, to lining up trucker... little more work, but have good deals on backhauls as truckers do not like hauling "sail boat air" When I have a firm $ figure from the seller I will post the firm figure as Reserve and watch it play out. An auction is a auction... if you don't like auctions then find your deal in the Photo Ads. $ For me... I charge $50 (CDN) for taking pictures, record history, post picture, answer e-mails and phone calls, line up trucking, do paper work with border agents-NAFTA-EMBARGOS-Hoof & Mouth, BSE, BILL OF SALE etc. On final, $ rendered, I sit down with seller and come up with bonus, range depending on profit over expected. I do not charge the buyer any finder fee, just loading and that is at cost. I have been doing this on YT for over 5 years, and I will get R.Lawrence one day, other than that I have never had a deal go sour. My proceeds go to keeping the hobby going, pay the internet bill, phone bill, give money to battered wives and children, buy toys for Big Brothers, give to my Church, support breast cancer and save old iron from the smelter. So, go ahead and bid and have fun... when it is no more fun, I am out-a-here. If you have any other questions or comments, drop a line here on YT, e-mail me at gklemen@memlane.com or call toll free 1-877-315-5050. EMPTYPOCKETS.
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