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Farmall & IHC Tractors Discussion Forum
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Equipment Auction Advice

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Nathan in Texas

09-15-2005 20:11:17




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I'm thinking about taking a few hours off work and going to an equipment auction about 50 miles away tomorrow. It is a once a year auction where a bunch of equipment is brought in and overall it is a 4 or 5 day auction. There are a few tractors that I'm interested in.

1967 Farmall 656 L.P.G. Tractor, W.F., 3-pt. 16.9x34 Rubber
1954 Farmall 400 Diesel Tractor, Tricycle Front End, New Battery & Battery Box, Runs
Farmall 560 Diesel Tractor
Farmall 806 Diesel Tractor, Good

Also listed 2 salvage Farmall M's.

I tried to link the full list of tractors in the link but for some reason it kicks me out of the post and I'm tired of retyping this post so if you are interested you are going to have find the auction yourself. It is on Farm Auction Guide dot com (all one word).

What I'm wondering about is just how this will work. Do I need to show up an hour or so before the 10:00 am start time to look at the tractors I'm interested in and sign up as a potential bidder? Do I need to bring cash and a trailer? The auction is about 50 miles away so I guess I could drive a tractor home if I ended up with one.

The tractors I'm interested in are pretty far down the list, could I show up a few hours after the auction starts and not waste a bunch of time watching the $100,000 tractors sell?

I'll bring my camera and take pictures of the tractors and post the sale prices if I end up going.

Any input or advice would be greatly appreciated.

Thanks, Nathan

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Nathan in Texas

09-16-2005 10:55:02




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 Re: Equipment Auction Advice in reply to Nathan in Texas, 09-15-2005 20:11:17  
Well, I debated on going and then got there late and all the stuff I was interested in was already gone. They were really moving through it - about 30 tractors were already sold with around 30 to go and I only got there 1 hour late.

I checked in on what some of the stuff went for and was pretty suprised. I would have probably bought some stuff if I had been there on time.

I'll try to pictures and prices posted soon.

Thanks for the advice.

Nathan

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Josh H

09-16-2005 06:41:34




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 Re: Equipment Auction Advice in reply to Nathan in Texas, 09-15-2005 20:11:17  
You have to be careful at some of the consignment sales that jockeys haul tractors into. There may be some good stuff, but there is also a fair amount of garbage. And the jockeys are likely bidding against you to make sure that they make a profit. There is one sale near here held every month. There are about 5 guys that just run prices up on everything. If they end up as the high bidder, the auctioneer doesn't even say sold, just moves to the next item. I like to buy stuff at farm sales. If everything at the farm is well cared for, its likely that the machine you buy was cared for too. Calling the auctioneer on sale times for a peice of equipment is a good idea

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Nebraska Cowman

09-16-2005 03:12:00




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 Re: Equipment Auction Advice in reply to Nathan in Texas, 09-15-2005 20:11:17  
Call the auctioneer, he should be able to estimate selling time. ask him if he will take your check. Then just show up a little early, however long you take to look at tractors. I buy stuff all the time and find I have plenty time to look later. But do beware. Guys take stuff to consignment sales that they don't want to sell close to home.



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dhermesc

09-16-2005 05:34:39




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 Re: Equipment Auction Advice in reply to Nebraska Cowman, 09-16-2005 03:12:00  
I'd show up plenty early. Sometimes the owner will "hover" around the equipment (usually the case with better equipment not being passed on by a tractor jockey) to answer questions and to make sure someone doesn't jack with it. Seen more then one case of a tractor having oil shot down the exhaust to make it smoke or a coil/plug wire loosened to make it not start or miss.

They might start it for you so you get a better idea of what your buying. Consignemnt auctions are notorous dumping grounds for problem equipment, examine accordingly.

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Farmer Gene (NW WI)

09-16-2005 03:01:45




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 Re: Equipment Auction Advice in reply to Nathan in Texas, 09-15-2005 20:11:17  
If they sell them in the order on the bill it looks like you could be late, but if you have my kind of luck the one you wanted will have just sold before you got there at a real steal. The auctioneer will tell you at the begining of the auction the order in which things will be sold and how much time you have to remove equipment and that you need cash or good check unless other financing has been arranged ahead of time.I didn"t see anything saying there was reserves on anything, but be forewarned that most consignment auctions have a minimun selling price set by the seller, an honest auctioneer would tell you that. Also some owners might be having someone bidding on their equip. to get the price they want. If you keep your ears open,sometimes you can learn alot about how a piece of equip was kept, some neighbors know more about someone elses equip. than their own. Good luck and let us know how it goes. Gene

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Jay (ND)

09-15-2005 20:51:24




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 Re: Equipment Auction Advice in reply to Nathan in Texas, 09-15-2005 20:11:17  
I hate auctions, so my advice is probably not worth much, but here is a shot.

No offense intended, but the junk is usually sold first. So your Ms and 806s etc will sell at the beginning of the auction, the big stuff at the end.

I don't know how long you need to look over the stuff you're interested in, but if the piece you are interested in is the 1st to sell, 20 minutes before the auction is plenty. You will have time to look at the other stuff as they auction off stuff you don't want.

Up here a check is required after the auction, cash isn't- may be different there. Most of the time, unless for sure you are going to buy something, the guys don't show up with the trailers, they wait and come back in the next few days to grab their prize.

Don't get caught up in the auction frenzy. Decide beforehand what your top dollar is and stop there. That guy you are bidding against might not stop on that extra $50. Don't assume just because a guy got a deal on something that you should have bid on it, you don't know where he was going to stop.

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Dick Davis

09-16-2005 03:33:52




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 Re: Equipment Auction Advice in reply to Jay (ND), 09-15-2005 20:51:24  
Checking with the auctioneer is good advice sometimes they run more than one auction at a time (ring). It's a bummer when things you are interestd are in different rings and sell at the same time! My nickel Dick Davis



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