Posted by Bruce from Can. on June 02, 2022 at 06:46:43 from (70.50.211.123):
The post about buyers premiums got me thinking. During the last two years, in person farm auctions have nearly vanished. Auction companies prefer to hold on-line auctions now, even after the ban on public gatherings has been lifted. I dont use the services of on-line auctions, and there are many potential buyers like myself that wont participate. Therefore in the end, the sellers market shrinks. So my thought is, why couldnt a person just hold their own personal auction? Advertise just the same as the Auction companies do, set up a sale day office. Demand identification and issue a bidding number to potential buyers. Most farmers have a pretty good idea of what their equipment is worth, and could post a reserve bid on a few bigger ticket items. But whats wrong with the owners just offering to take bids from the crowd, and drop the hammer to the highest bidder? I realize the vast majority of us folks cant just produce a auctioneers patter come sale day, but why do you need it ? Ever watched a antique or art auction on TV? Those guys are some very slow talking auctioneers, and they are auctioning off stuff worth millions!! Not just some old farm machinery worth a few thousand or few hundred dollars. So why not do it yourself? Get some family and friends together to help out on sale day, some helping with the equipment, some keeping track of who bought what, and at what price. And someone else acting as cashier. Even if you didnt get quite as much for your stuff, you still save the 10-15% that you might have paid out to a auction company. And when you think about it, if your auction sale grossed $150,000.00 in sales of tractors and equipment, the auction company rakes off 15 Grand , for maybe 3 hours of auction time . Anyone ever done this ??
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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