Dragging stuff from auction to auction

I know I've been going to too many auctions when I see the same set of suitcase weights sold for the third time.

Apparently they didn't bring enough the first time so they carted them 150 miles to another auction, where apparently they didn't bring enough again, so they carted them 150 miles back to where I first saw them sold. My guess is that these weights have been to other auctions as well.

After paying for gas to haul these things around, and the bid-in fees, the guy has got to be losing money. IH suitcase weights don't bring $120 each anymore. Apparently the Deere pullers finally have all they need. The market is saturated.

There is an auctioneer here that does a couple of
consignment auctions at his place per year. There
are a couple pieces of machinery that get auctioned
off every time for the last couple of years. They are
always at the same spot, never moved.

Is it the same auctioneer. One of them I worked for held his own stuff back if it didn't bring what he wanted. Had someone in crowd bidding on his stuff.

No, different auctioneers.

I bid on an old ear corn elevator at an auction, let it go for $40.

2 months later, consignment auction, I bought it for $35. It was the same one. Huh. The jockey musta realized I was the only person interested
in the area.....

Go to a big consignment in Iowa, see fellas loading up 9 pieces on a long flatbed stacked 10 feet high, hauling from consignment to
mpconsignment. With the damage that happens loading and unloading, I don't see how they come out.

Paul

(quoted from post at 11:53:04 12/27/17) I know I've been going to too many auctions when I see the same set of suitcase weights sold for the third time.

Apparently they didn't bring enough the first time so they carted them 150 miles to another auction, where apparently they didn't bring enough again, so they carted them 150 miles back to where I first saw them sold. My guess is that these weights have been to other auctions as well.

After paying for gas to haul these things around, and the bid-in fees, the guy has got to be losing money. IH suitcase weights don't bring $120 each anymore. Apparently the Deere pullers finally have all they need. The market is saturated.

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I sold a knight slinger spreader about this time last year. Sold it for a fair price. Guy told me I had it too cheap, I disagreed. He did a lil work on it and posted it for three times what he paid. I’ve seen it at at least three consignment sales over the past year, and it’s still listed on CL. Guess I was right...

Was looking at a 105 White with loader at big consignment auction 2 years ago. Didn't buy it, Son called me 2
weeks later and said they had 1 at a consignment auction in his town 60 miles away. Same tractor - I figure
they got a consignment auction circuit they run this stuff thru.

(quoted from post at 11:53:04 12/27/17) I know I've been going to too many auctions when I see the same set of suitcase weights sold for the third time.

Apparently they didn't bring enough the first time so they carted them 150 miles to another auction, where apparently they didn't bring enough again, so they carted them 150 miles back to where I first saw them sold. My guess is that these weights have been to other auctions as well.

After paying for gas to haul these things around, and the bid-in fees, the guy has got to be losing money. IH suitcase weights don't bring $120 each anymore. Apparently the Deere pullers finally have all they need. The market is saturated.

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I've witnessed the same thing several times with classic tractors. I described one tractor in particular to a friend of mine, and he told me that he had seen that same exact tractor on a different auction 60 miles away. Different auctioneer. They do work together.

Just proves there are people with no brains or just no common sense.

Bet they are suffering from SHIPPING FEVER BY NOW.

Yes, but they hope to catch folks in "buying fever" mode. With internet sales like they are, have been several times when the wife was looking at something and had put it in her cart, yet not placed the order (still shopping). By the time she was ready to check out, all the items would be sold. And on Amazon, we've put items in the cart and come back a couple days later only to find that they've sold out or changed price (usually going up). So more and more folks are getting to be where they jump on something when they see it, afraid they won't get a 2nd chance.

I know auctioneers have noticed this, and I'm sure they're chomping at the bit waiting for their auctions to work that way. That'd mean more bidding wars, which would equal higher sales prices.

Purple wave does on line consignment auctions. Some times I see things that have been auctions three or four times. The nice thing about them, every thing stays at its home site. They post pictures, and that is it.

I bought some IH suitcase weights at an auction several years ago, 10 weights for $12.They were in a barn about to fall down. I snuck in and looked around. I guess nobody else went inside. Wish I could get another deal like that

a few years ago i was looking for a D6 cat high track and one came up for sale a the Wausau WI auction ser. number what ever at the sale it went for more then i would pay. 3 weeks later it was on a Ritchie Bros auction in Florida [same ser. number.

My Neighbor & I went to a Auction that had a 40T John Deere tractor , stated a fixer upper..
At that auction my neighbor bid it up to 490.00 & it didn't sell.. Guy Who Owned it said he
needed 650.00 for it.. We thought about it but didn't buy it. The tractor really looked decent,
& we seen it again at a monthly auction house, this time I talked to the guy & asked some questions
& he said the engine was locked up, was running fine until he tried to start it one day & it wouldn't
turn over. That was about a year ago he said.. I told my neighbor to go ahead bid more if needed I bet
the starter is locked in the flywheel, even the owner said his mechanic looked at it & said it would need
a complete over haul. He ( the Mechanic offered him 300.00 for it ) At this auction it kinda stalled at
450.00 & it didn't sell, this time we offered to the owner 550.00 in cash, I told him he was losing 10%
of the sale price as it was & he agreed to sell & for another 25.00 he'd deliver it since it was only
5 miles out of his way home.. We rolled it off & he said Good Luck with it, was always a good little tractor.
I looked at the starter & took out the one bolt tapped it a couple times & removed the timing hole, turned the
engine flywheel with a screw driver & I was smiling! & retightened the starter, this time the starter tried to
work but the drive was broken. So I took the rest of the parts off needed to remove the starter & installed a new
drive.. Well he was right that a nice little tractor & that is all my neighbor has done to it in the last 5 years
except a new battery. I think this man would have taken it to a couple more sales & lost more Money if we hadn't
stepped in.

I go to the monthly equipment auction in Ocala, FL.
One fourth of all stuff goes unsold for months after months.
On the under $3 or 4k stuff too. I am sure some of the items have cost the owner more in fees than what he will ever get at bid.

In past years:we would have 2
auctions within 75 miles from my home
about a month apart. Different
auction companies. I have bought at
the first, took the item to the
second a month later, and turned a
profit on it.

Got a few around here. Watched a whole line of machinery from discs and manure spreaders to grain buggies and planters go frrom a sale in southern Delaware to the upper eastern shore of
Maryland to an auction near Lancaster, Pa. The same buyer bought every piece all three times......

We have four large comsignment sales here every spring in a two month span. Two are one week apart.Very often an object from the first sale will show up at all the others,too. Sometimes it circulate the next year too.

Well I see it too,but the bottom line is if it wasn't making them money in the long run they wouldn't be doing it.Plus they may not be paying any buy back fee, not all consigners are
equal at auctions.Those that bring a lot of stuff to be sold on a regular basis get a break on buy back fees and commission rates.Some guys have a deal with a monthly auction I know they can leave
whatever they take in there for as many auctions as they want with nothing owed but commission when it does sell.

(quoted from post at 04:26:14 12/28/17) Well I see it too,but the bottom line is if it wasn't making them money in the long run they wouldn't be doing it.

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Not necessarily. There are a surprising number of people out there who have a poor grasp of money and profit. They will cart something around to several different auctions, sell it for $10 more than they paid for it, and celebrate their "big win" with $50 worth of beer.

(quoted from post at 05:52:56 12/28/17)

(quoted from post at 04:26:14 12/28/17) Well I see it too,but the bottom line is if it wasn't making them money in the long run they wouldn't be doing it.

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Not necessarily. There are a surprising number of people out there who have a poor grasp of money and profit. They will cart something around to several different auctions, sell it for $10 more than they paid for it, and celebrate their "big win" with $50 worth of beer.

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It's way worse than that! Neighbor here was cutting and selling firewood. After labor (his time at minimum wage) gas and supplies for the saws and splitter plus gas and oil to deliver he was making about 7.50 a pickup load when I finally after a couple of years sat down and figured it all out! Plus he didn't take into account that normally when delivering he had a meal at a café.

Rick

So how do they stay in business? I have a couple tractors I bought recently I could haul to a dozen auctions and still make real good money on them.I've taken tractors to auctions several times brought them
back home and ended up selling them to someone that was at the auction or heard about the tractor from someone at the auction,gets a lot of low cost advertising.

(quoted from post at 07:52:56 12/28/17)

(quoted from post at 04:26:14 12/28/17) Well I see it too,but the bottom line is if it wasn't making them money in the long run they wouldn't be doing it.

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Not necessarily. There are a surprising number of people out there who have a poor grasp of money and profit. They will cart something around to several different auctions, sell it for $10 more than they paid for it, and celebrate their "big win" with $50 worth of beer.

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Not always the same person/owner carting the stuff around for a $10 profit.

There used to be a big auction house across the road from my old shop.

They did a lot of bankruptcy and liquidation type sales, half of the sales were industrial and the other half were office equipment.

Most of the sales were held mid week so typically there was two completely different crowds of buyers that would show up depending on what kind of sale was being held.

There were always a few items in each sale that were of no interest to the crowd present but knowing the value was there if the right buyers were attending it was a no brainer.

I would have a quick look at what was in the sale the day before the auction and leave absentee bids on anything decent that was out of the scope of interest for the expected crowd.

More times than not my lowball bids were successful.

I would pay for what I bought and without ever having to move it I would consign it for the next sale that would have the right crowd of buyers present.

The auction owner did not at all mind collecting commission twice on the same item and I made a tidy profit at the same time.

I have known a few guys that work at auctions that do basically the same thing, they know how much most items will bring and if something is going real cheap they jump on it and consign elsewhere.

We must not have those type of auctions here. The consignment ones here are early spring at fairgrounds and usually put on by ag department of school with FFA alumni. One auction per county. don't know if they have a no sale or not or if everything is sold but things have to be removed in just a couple of days. That or like my tractor club and show an auction at the show and there is a cost for a no sale with a reserve. But things have to be off the grounds the next day.

(quoted from post at 07:26:14 12/28/17) Well I see it too,but the bottom line is if it wasn't making them money in the long run they wouldn't be doing it.Plus they may not be paying any buy back fee, not all consigners are
equal at auctions.Those that bring a lot of stuff to be sold on a regular basis get a break on buy back fees and commission rates.Some guys have a deal with a monthly auction I know they can leave
whatever they take in there for as many auctions as they want with nothing owed but commission when it does sell.

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I believe that is the exact case at Weeks monthly auction in Ocala, FL.