I hate it but have to see it from the auctioneer's point-of-view.
In the nearest city to me, Oneonta, NY - 20 miles distant there are two auction houses. One has stated he "will never charge a buyer's premium" while the other has been doing it now for 5 years. Lettis Auction and Austins Auction. The guy charging the 10% premium is getting a lot more business. Why ? I don't no and it doesn't seem fair. Maybe because he also has a Website where you can preview? But not only is he getting more business - he's making an extra 10% on all he sells.
If you were a local auctioneer and noticed more people going to the guy who charges the extra 10% - wouldn't you consider doing it?
Like I said, I hate it and find it insulting. Regardless, I suspect they'll all be doing it soon. A few old timers might be hold outs -but they'll die sooner or later.
The "hold out" in Oneonta, Jim Lettis DID die and new guy is running the place. I suppose it won't be long before he charges the 10%.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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