What's wrong with making money? Everyone wants to make money, but it seems they don't want the other guy to make money. Hmmmm.
I've been on both sides of the auction deal, and it's rare that anyone makes a big, hefty profit. The overhead involved in running an auction is bigger than many realize. If the 'house' is keeping inventory, it has to be stored, and moved. this goes triple when the inventory is something like a big tractor. There's also typical rent or fee for the location the auction is using. I'm not defending scam artists, but really the old saw about 'buyer beware' goes double when dealing with auctions.
My best buy at an auction was a 1968 Jaguar XKE. It had been in a barn for 10 years, but it was under a canvas tarp. Which did some damage to the paint, but preserved the rest of the car quite well. Made a pile of money on that. Second best deal was a constant speed prop for a plane. I paid $1900 for it, still in the box with a repair tag on it. Later on, sold it for $11,000.
Was I wrong for getting a good deal? It was an open public auction, the trick is to know when to walk away, and knowing the value of the product you are bidding on.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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