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Why I hate farm auctions

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Terry Johnson

12-06-2003 12:35:24




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I just got back from an auction that started at 10:00 this morning. The farmer that was selling out had taken over the family farm when his dad quit farming and the older gent never had a farm sale, so it was two generations worth of stuff to sell. They had three racks of small stuff, plus household stuff and antiques. The auctioneer's name was L.D. Sapp. He took for ever on items and it was mind numbing cold. I sat in the clerks office, which was a converted school bus with a heater in it, for a while to just to warm up. They had close to 300 bidding numbers out, some people were leaving because they thought it would take the rest of the afternoon to get through the sale. I thought that might be a good sign, I might be able to score the F12 parts tractor cheap! Three and a half hours later, they finally start selling the machinery. They had a 1956 Ford 3/4 ton pick that needed alot of work or it could of become scrap metal alot easier, that they couldn't get a bid on of $10. I'm thinking great! No body here wants to buy scap metal or they would have scored it cheap on that piece of junk. The parts F12 was next in line. The auctioneer started his usual chant of looking for $100, nothing doing there, $50 no body bit on that one either, I told him $10 and all of a sudden the race was on. There were two other guys that started out bidding with me, one guy quit shortly afterwards. The second one would place his bid right after mine, like he didn't care what it cost, he was going to get it. My last bid was $160. He got it for $165. The tractor had been stripped of the mag, air cleaner and seat. The valve cover had been removed, but still there, the hood, gas tank, fuel lines, fuel pump and misc parts were in a bucket. The rear tires on the factor spoke wheels were shot, the front spoke wheels had no rubber on them and you could see a couple of pin holes rusted through them. The top of the radiator had been busted where the air cleaner bolts to it. The engine was stuck and I heard later that the rear end was also frozen up. I talked to the gentleman that had the winning bid just afterwards, asked him if he would be willing to sell any of the parts off the tractor. I explained to him that all I wanted was the front wheels to convert my F12 to rubber. He said that he had several other parts tractors that might have better wheels than those available. I left him my number and he told me where is located at, (about 40 miles from me). He said that he was really there for the restored F12 and told him that I wouldn't be bidding against him on that one because I was going home because it was cold and that was all I was interested in. So maybe we will be able to work some thing out between the two of us.

But that's why I hate farm auctions, 4 hours later and nothing to show for it. I could have spent those hours in my nice warm shop instead!

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Rex

12-07-2003 08:52:10




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 Re: Why I hate farm auctions in reply to Terry Johnson, 12-06-2003 12:35:24  
In regard to all the complaints on farm auctions. I am curious as to how you will establish the value of your equipment at liquidation time. Book value? Dealer appraisal? I doubt very much that you would accept the opinion of any one person as to the value of what you own when it's time to turn it into money. All the numbers and values found in books, dealers price lists, and anywhere else mean very little. Auctions are the only true indicator of equipment value and I bet you would find yourself feeling pretty good as you watched frozen toed buyers in a bidding war over your possesions. Something is worth what someone else is willing to pay for it, period. No exeptions to this rule, never has been. Auctions determine what this value will be.

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Nebraska Cowman

12-06-2003 16:34:35




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 Re: Why I hate farm auctions in reply to Terry Johnson, 12-06-2003 12:35:24  
Check the post time on this one Terry. I just got in from a sale that started at 10 AM too and now it is cold and dark. And I had to feed cows in the cold before I went too. But I have a pickup and trailer full to unload tomorrow afternoon and then another load to go get yet, glad it is only 60 miles back. Just trying to make a buck and sometimes it ain't no fun. My neck and shoulders ache and I ain't had supper yet. Who ever said life was easy. Watch for some neat items on ebay and you can buy them in the comfort of your home.

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Ron 1456

12-06-2003 15:27:43




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 Re: Why I hate farm auctions in reply to Terry Johnson, 12-06-2003 12:35:24  
I just got back from a farm auction also. The auction was the result of a divorce. All the machinery was pretty rough. All the later model stuff sold a little on the light side with only 2 or 3 guys bidding on each piece. When they got to the older tractors from the 50's and 60's the bidders seemed to come out of the woodwork. I didn't get the fenders that I was looking at but it was fun to watch the other guys fight over them. The salvage yard down the road a few miles has some good one cheaper so maybe I will just pay him a visit on Monday. I had a pleasant drive and got to see a little country that I hadn't seen before. Beats the daylight out of watching football or going shopping.

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Roger

12-06-2003 15:16:59




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 Re: Why I hate farm auctions in reply to Terry Johnson, 12-06-2003 12:35:24  
Terry, you must have been at the sale at Wesley, I just saw the sale bill at 2:30, otherwise I wouldn't have known about it.



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Terry Johnson

12-06-2003 17:48:20




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 Re: Re: Why I hate farm auctions in reply to Roger, 12-06-2003 15:16:59  
If you just found out about it at 2:30, you could have made it for the rest of the sale that I didn't stay for. I haven't heard yet what the restored F12 went for yet. Does somebody out there know?



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texas jack

12-07-2003 06:20:13




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 Re: Re: Re: Why I hate farm auctions in reply to Terry Johnson, 12-06-2003 17:48:20  
So Don't go. If you are not strong enough to finish the race, you will never know what it feels like to be a winner. Buck up, decide what you want and go get it. If you wanted to know what an item sells for, wait for it. You were already there. Also, you complain about the wasted time, how long did it take to write your rant on this forum? Life is about choices, be sure to make the right ones.
jack

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Roger

12-06-2003 19:02:02




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 Re: Re: Re: Why I hate farm auctions in reply to Terry Johnson, 12-06-2003 17:48:20  
I would have had to drive an hour to get there though. I didn't see anything I needed anway



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rustyfarmall

12-06-2003 14:13:24




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 Re: Why I hate farm auctions in reply to Terry Johnson, 12-06-2003 12:35:24  
Rule #1. Don't ever go to a farm auction with the intent to buy anything more than a sloppy joe and a cup of coffee. Visit with neighbors, have fun, and if you are able to sneak up on something, then it's even better. But if you go home empty handed, at least you had a nice day.



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Roy in UK

12-07-2003 05:47:05




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 Re: Re: Why I hate farm auctions in reply to rustyfarmall, 12-06-2003 14:13:24  
Ye Olde English Saying:-

"When a farmer goes to a Farm Sale, he puts his cheque book in his pocket, and leaves his brains at home"



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Paul in Mich

12-06-2003 14:24:59




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 Re: Re: Why I hate farm auctions in reply to rustyfarmall, 12-06-2003 14:13:24  
Sometimes going home empty handed is the bargain of the day.



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paul

12-06-2003 13:53:28




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 Re: Why I hate farm auctions in reply to Terry Johnson, 12-06-2003 12:35:24  
I have been looking for a super mta for the last 4 months and went to many auctions for my own good.What really ticks me off is when a relative of the owner bids against you to drive up the price.caught this happining at the last one and told the auction co whom i know well that this would be my last.



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Terry Johnson

12-06-2003 18:02:52




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 Re: Re: Why I hate farm auctions in reply to paul, 12-06-2003 13:53:28  
I'm with Ray on this issue. Any body can submit a bid. I'm not saying that there aren't people that do such a thing as that. But at my father's retirement auction Dad stated to the crowd before they even started, that his son was there, but would be bidding for myself, no ghost bidding. Yes, that means I bought Dad's 400 LP and I had to pay for it myself! I told Dad I hope enjoys his retirement because I helped pay for it!

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Ray

12-06-2003 16:53:00




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 Re: Re: Why I hate farm auctions in reply to paul, 12-06-2003 13:53:28  
He has a right to bid also,it's a public auction.



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ken

12-06-2003 17:35:20




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 Re: Re: Re: Why I hate farm auctions in reply to Ray, 12-06-2003 16:53:00  
i went to an auction a couple years ago for a parts d2 cat both motors locked up and was pretty much parts, i figured 700 was way more than it was worth and i didn't even get my bid in it started at 1000 and ended at 3600 seems the guys kid and his uncle wanted to keep it in the family which i don't blame em ,and what i've done lately is call the auctioneer and see what order they are selling in and what kinda timeframe til they get around to what your after then show up about that time or a little later as they always tell ya early cuz they take forever on the flatracks.my last auction i had to go to early as i was after the 2 arms to convert 2 pt to 3 pt and when i get there and looking around i finally see em setting between the super h and super mta so i went back home for about 3 hrs and came back and only had to wait about 20 minutes to get outbid.

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