If bidders know the whole farm will be offered after the parcel bids, those wanting the whole farm hold back, no point bidding on any parcels. So they likely go a little cheap, as less interested people are bidding right off.
If there is no whole farm bids, then the folks that want as much land or all the land have to go head to head bidding on each parcel.
So you might be getting parcel bids of 14, 21, and 32 because if you want you can’t hold back, you need to bid now..... making a total of 67 instead of your 61.
I think a good auctioneer with experience can figure out the best options for a location, and which setup wil likely bring the most in a certain area.
My sis was interested in a parcel with a shed on it, a lawyer with not much sales experience set it up. Everyone submitted a bid, they were opened, then there was a second round of bidding everyone submitted a new bid, and the high was accepted. It was very odd, everyone felt they were in the dark, I don’t think that went well. Of the 6 bidders, I think 3 just submitted ‘no bid’ the second time around.
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