Posted by Greg1959 on March 29, 2015 at 18:53:00 from (69.176.46.42):
In Reply to: Bidding at Auctions posted by Banditfarmer on March 29, 2015 at 17:09:25:
I don't do farm auctions as much as I did Antique auctions. But, they both seem to have the same type of characters.
For instance, bidding on an 1760 deacons bench(with provenance) would start at $4,500. Auctioneer would keep lowering his initial bid price until it got to around $500 before anyone would holler 'yep'. The piece was worth a lot more than that. The bids would increase at $50 or $100 increments until the final bid was close to the auctioneers original starting point.
It makes no sense to me why waste everyones time making the auctioneer go down so low and then everyone bids up close to the original starting point!
If I am at the auction and the item up for bid/sale is...let's say a mahogany Victorian bedroom set in pristine condition...which I could easily sell for $8,000.
Auctioneer starts off with opening price of $8,500, hoping there might be someone in the audience wanting to buy for personal use. No takers. That's when I raise my hand and start the bidding at $5,500. Usually there are no counter bids because everyone was expecting the auction to go really low in price and then they would start bidding.
What a waste of time!
After a while, I've had many auctioneers(after they have gotten to know me) just say "SOLD" after my initial bid. It seemed they got tired of people trying to 'nickel and dime' the bids.
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
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.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
