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Tractor Talk Discussion Board

Re: Planning for an auction to sell out


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Posted by NY 986 on January 16, 2018 at 11:08:29 from (184.53.48.139):

In Reply to: Re: Planning for an auction to sell out posted by Leroy on January 16, 2018 at 07:24:39:

I'm kind of addressing both of your posts. Most auctioneers discourage having reserves as it discourages attendance. If not sure about how something is going to do in a regular sale then it is best to hold it out and arrange to sell it via another means. It's very rare to have loading two weeks after a sale at least around here. Financing, trucking, etc. should all be worked out ahead of time and those that fail to do so often wind up sticking the auctioneer and seller with the item so then that item has to go back through a sale some place. A lot of people are adamant about Saturday sales and so forth but I am not sure how much that matters. I don't see a lot of Saturday sales booked here and it is not because the auctioneer is holding the dates for a more prized sale. They just don't happen often so the auctioneers tend to be twiddling their thumbs a lot of Saturdays. Most people do not hold 9-5 M-F jobs anymore. In the past few years I went to three sales that happened in January and the weather was brutal each time and that did not affect bidding one bit. Most attendees are there to buy. I think having an auction late in spring often hurts prices as people want to buy planters, tillage, and tractors early enough to go through them for repairs and maintenance. Agree with you on not having a huge pile of junk to sell but that does not sound like the situation here. Agree in that it would be good to go to an auctioneer's sale to know if you think he is right for the job. Also, some offer online bidding but not necessarily for each and every sale. If you are worried about having a sufficient crowd give definite thought to this.


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