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Tractor Talk Discussion Board

Re: Planning for an auction to sell out


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Posted by Leroy on January 17, 2018 at 08:17:00 from (69.88.201.13):

In Reply to: Re: Planning for an auction to sell out posted by Galen Houk on January 16, 2018 at 09:33:54:

A good auctioneer will piles of stuf that most think are trash that should be put in the dumpster before sale will just ask is anybody interested in anything out of that pile, if no he will just move on and you can put the stuff in dumpster later, if yes he will have you pick out what you are interested in and sell it. Many a time several people will have a single item spoted in the pile they want but if having to bid on complete pile they will not because of thinking they have to take everything they do not want. And at times something in junk pile will bring the most of any items in auction. Anouther thing is ligning things up in a proper manor. Do not put like wheel weights for a tractor in line where they get sold before the tractor they fit. Anouther is a plow that matches the tractor, sell tractor first so buyer can then buy the matching piece. He will not bid on the matching piece if he does not know if he is going to get the main piece. Years ago Dad and I were at auction to buy tractor and plow and plow was first in line and dad asked auctioneer to bove to tractor first and auctioneer was going to do that but just as he started to do that helper took a bid on plow so he had to continue on plow. After Dad got tractor auctioneer said to Dad I bet you would have given a lot more for that plow than it sold for. So putting in a correct line will not only help buyer but also seller. I don't like reserve either but at times only way it can be done say if tractor has a loan against it the lender will only agree to let go if meets what is owned on it. And you usually can tell a good auctioneer by the way sale bids are written.


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