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Auction or Sale for widow?

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Paul

06-04-2001 20:36:26




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My father-in-law passed away leaving a farm with a couple of dozen antique implements like hay rakes, seeders, mowers, and the like. His surviving widow wants to get rid of everything, but doesn't know whether to try to have an auction, or if she should put each one up for sale. I haven't been able to find prices or places to sell on the net, so I am turning to the only implement forum I could find. What can I tell her? How can I find prices for her? She isn't willing to spend a lot of energy on this, and would rather let the whole lot go to someone who would just offer her something. How do I find that kind of buyer? She is located in Caldwell, Idaho.

Thank you in advance,

Paul

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paul

06-05-2001 12:28:55




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 Re: Auction or Sale for widow? in reply to Paul, 06-04-2001 20:36:26  
The problem with just offering it for sale: You'll only get rid of 1/2, the rest no one will buy. Someone is going to 'steal' a few items from her, as she doesn't know what they are worth. Five years from now, some inlaw or relative is going to throw a stink, "I wanted such & such, but you sold it..." or, "You gave away that $1000 item for $10, blah blah blah...."

With an auction, if the relative wants it, they can buy it. If 2 relatives want it, they can hagle it out to the one with the most money, but the current owner isn't involved... If there is some piece of junk that is worth $1000, most likely it will get bid up to near that at a public auction, she won't be ripped off. Almost all items get sold at auction and carted off, so the crap that really is only worth $1.00 will be hauled away, she won't be stuck with it.

Of course, the auctioneer gets a cut, & that can add up. But, often brings in more money than a private sale, because he advertises, anf you don't give something valuable away for $5.

If this is a small amount of goods, the consignment sale is a good idea - be sure to get the stuff listed EARLY, so it gets on all the sales fliers & draws the people that are looking for this stuff.

--->Paul

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scooterhead

06-05-2001 07:20:27




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 Re: Auction or Sale for widow? in reply to Paul, 06-04-2001 20:36:26  
Sounds like a small lot for a individual auction . In our area [s.e. IN.] there is a few consinment auctions per year , ask your local auctioner about one .



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PatM

06-05-2001 06:07:36




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 Re: Auction or Sale for widow? in reply to Paul, 06-04-2001 20:36:26  
Ask around the neighborhood about which auction house does best, as far as drawing people, and prices received. And call them to see what percent they want, and how much for setting up beforehand. The auctioneer should handle most of the publicity, local papers, flyers at local stores and farm supply outfits, etc.



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LazyHorse

06-04-2001 22:05:54




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 Re: Auction or Sale for widow? in reply to Paul, 06-04-2001 20:36:26  
You could place a free auction ad on this site, just click the auction button to the left on your screen and put all the implements in either singly or as a group. Decide what the minimum price that she would like, and make that the reserve. Otherwise either have a local auctioneer do it, or run an ad in any farm related papaers in your area.



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