Ok you do realize there are ways to get round that, a couple of them in this area will say no reserve. Then if the tractor or implement doesn't bring the sellers expectation by a long way. the seller buys it back or you here somebody say sell it in the auctioneers ear. if not sold the guy pays the auctioneer the commission on the last bid, then takes it home.
I now a guy that did it with a big newer 4wd, I told him he should of sold the tractor. The commission was high, he bought it home then ended up selling it for $7000 less than the under bidder plus commission on the action 4 months later. sometimes the gamble pays others it doesn't. I never put tractors in auctions. I figure other than beer or gambling it's a sure way to loose money most times.
In this and probably some more area's you really got to watch at auctions to figure things out. There are some real gems. 1 guy wouldn't take bids from more than 3 guys if his friends were bidding, I had that happen twice on tractors.
The other interesting thing I have seen standing at the back door is the seller( sometimes I know the guy or where the tractor came from) stand next to the auctioneer in his mobile sale truck. When the auction starts the owners tapping the auctioneer with his foot to increase bids. when the guy stops it's over his asking price or it goes home if there are no more bids. sometimes they will say sold to internet bidder as well. you can learn a lot talking to guys standing by equipment at going home time to. Many times i have asked guys starting tractors if they bought it. They will say yes or no it was mine and i'm taking it home, it didn't bring enough. Not all auctions are like this, guys just have to be careful and watch/ talk to guys sometimes to catch the "interesting" practices. Regards Robert
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