Re: Planning for an auction to sell out

Posted by Straw Boss on January 16, 2018 at 08:24:01 from (66.35.105.171):

In Reply to: Planning for an auction to sell out posted by picassomcp on January 15, 2018 at 20:17:32:

The auctioneer is supposed to be working for you. A week day auction sounds like he's not giving your auction his full attention.

Also, advertising is a must if you want to get a crowd. Is your auctioneer known for advertising all over? Posters around town, local papers, local farm publications, internet, etc? Make no mistake, he will bill you for all the advertising so it's up to you how much you want to spend to get the word out, but he will be the one responsible to get it done.

Does your auctioneer have a lunch wagon he can call on or a ladies church group that would sell barbecues and pies? No profit to you but does bring more people who come for the food and socializing. They usually can't help themselves and will bid on something they didn't know they needed before they arrived.

Most importantly, make a list of all the big ticket items that makes up the bulk of your sale and decide in your mind what they are worth and what value you would like to get out them. Now add up the numbers, cut the total in half and prepare yourself for the possibility that that's all your gonna get on an auction. Plus you have to give the Auctioneer a cut for giving away all your stuff.

Now you can balance in your mind what it's worth to you to have an auction.
The negatives: Might not get much for your stuff. Still have to pay the auctioneer. Lots of people crawling around your place.
The positives: Auctioneer does all the work. All your stuff is sold and gone in one day including all the junk from the sheds right down to the scrap iron pile. You don't have to do any advertising for months on end and deal with constant phone calls, tire kickers and no-shows or bad checks.

Time is money, but if you like to haggle and twist with people then sell your own stuff, but you may get to a point where you just want to be done with folks on your place taking up your time and you'll end up giving stuff away anyway just to get the process over with.

Just another thought no one has mentioned. If you don't have enough for a sale with quantity or quality to draw a big crowd, then maybe combine your sale with a neighbor or talk to your surrounding neighbors to see if they have any equipment they would like to consign to your sale. Just be careful it isn't a machine the same as yours in better condition or it won't help you any. My two cents.

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