Redforlife pretty much summed it up. A lot depends on your area. If smaller or part-time farms held on longer, or are still in business, then you'll see more local auctions.
I don't like the online format as it is hard to know the condition of what you're bidding on (unless it is new old stock). Then there's whole transportation/shipping issue. I figure I have to be there to bring it home, so might as well be there to bid. Some stuff is not economical to ship long distances, so there the local auction still has an advantage.
Locally we have a consignment auction twice a year with multiple auctioneers. That is a good way to get experience. I got most of my hay equipment that way. Farm auctions come up about once a month.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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