There has to be more to the story. It sounds like the farmer was able to keep his equipment after going through bankruptcy, but failed to learn anything, and lost his equipment to cover legal expenses. The lawyer would have had to get a judgement against the farmer to take the equipment. The time to fight it was when the lawyer was trying to get the judgement, not the day of the sale.
Bankruptcy judges appoint lawyers to be a trustee and dispose of assets, often at auction, to cover some of the bankrupt party's debts. That is probably what happened. I agree with the others that it would have been in the farmer's best interest for the equipment to sell for the highest amount possible.
It's a sad situation for the farmer, but he should have realized the risk of using credit. I certainly feel bad for the guy, but I wouldn't have had a problem bidding on the creditor's equipment. It no longer belonged to the farmer anyway.
And to say the auctioneer didn't care probably isn't accurate. The auctioneer's hands were tied. He would have been in violation of his contract with the seller if he had not held the sale.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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