Online equipment auction?

Tx Jim · Nov 11, 2021

My neighbor is in the process of selling his farm. He needs to sell a IHC 1486 plus several pieces of older farm equipment such as a Bush-hog 2815 cutter, IHC 8 row planter & cultivator along with a few antique implements. Has any members had any personal experience with any of the online auction services. Is any service better or worse than the other?
Thanks for any assistance, Jim

BarnyardEngineering · Nov 11, 2021

If you're talking about online services like Proxibid, you still deal with a local auction company as if you're having a live in person auction. They stage the equipment, take pictures, and set up the auction.

Mike(NEOhio) · Nov 11, 2021

I used Proxbid a couple of times but at an auction yard about a half hour from me. I could go a day or two before and check stuff out. One thing I learned is if you put
in maximum bid you can't raise it if you decide to go higher. Easy to use but if there are more than one auctioneer you have to log in twice and watch them both.

BarnyardEngineering · Nov 11, 2021

Mike, that thing about not being able to raise your maximum bid is true if they have a live auction. Once the auction starts, all pre-bids are "locked" and if you want to bid more you have to watch the auction online and bid live.

Mike(NEOhio) · Nov 11, 2021

That's what I did bidding on a haybine. Decided to go higher and clicked but it was sold. Could be I was just late. Sometimes there's a delay with internet bids.

tomNE · Nov 11, 2021

I use big iron. I can never get anything bought, everyone else likes it better then myself. people who sell and buy from them never seem unhappy!

BarnyardEngineering · Nov 11, 2021

Yeah, there can be a delay in the live feed, and if you're listening to the auctioneer's call there's even more of a delay.

Charlie M · Nov 11, 2021

Only one auctioneer around here is doing much with auctions these days and they have been mostly on line only. A couple he did with both in person and on line were a pain in the neck to do on line as it is a
difficult auction for someone to be taking live bids and keeping up with internet bids. My recommendation is an auction has either in person bidding or internet bidding but not both. Last auction I did was
internet only and when I went to pay I was talking to the auctioneer about internet auctions and he said in his opinion people had gone crazy bidding at internet auctions. He had a big smile on his face when
he said it.

farmallboy15 · Nov 11, 2021

As a younger buyer with a full time job, I much prefer to attend the timed online auctions rather than stand around or wait around
on live in-person or online auctions, just to be outbid, wasting my time. Places like Auction Time and Proxibid are very popular
and sale prices are the same as / on-par with the in-person sales.

ADB-Ia · Nov 11, 2021

When I had my 80% retirement auction 2 years ago, I used Big Iron. I was very happy with the results. Very broad coverage and the company's reputation for integrity gives buyers and sellers confidence. I had calls from 14 states and my machinery ended up in 7 different states, About half of my stuff went to local buyers. The guy who rented the land that I gave up bought my big tractor so it stayed on the same farm. My 2955 went to a young guy who worked for me several summers when he was in high school. They held an open house at the farm to give people an opportunity to look the machinery over and provided a sort of community retirement celebration event. And my settlement figure was well above my expectations.

I would highly recommend them. (Your mileage may vary.) Arvin

Traditional Farmer · Nov 11, 2021

In my area the on line auctions are definitely getting more money for equipment and other things than just on site auctions.One Auctioneer Ben Howell at Stuarts Draft VA has a combo on line and in person auction and has a video feed of the auction so on line bidders can see, watch the auction and bid just like they were there.He'll be having an auction this Saturday so you can tune in and watch.

SPMN · Nov 11, 2021

Try this auctioneer. They're local out of Bryan. HTH

https://mailchi.mp/8720663c0ec9/new-auction-starting-today-8918317?
e=77b3a9d269

redforlife · Nov 11, 2021

Well, in my opinion, if your going to
pay commission and then make yourself
available to load all the individual
pieces you sold at different times
(not everybody is gonna come get thier
stuff at the same time) for who knows
how long, you might as well advertise
in classifieds and sell it yourself.
If your thinking it'll bring better
prices on an on-line auction, then do
a little research and be firmer on
your pricing. If concerned about the
broader outreach the net provides,
advertise further away from home.

Goose · Nov 11, 2021

I'm just getting my feet wet with a local online auction company, Kobza Auction, David City, NE. They still do on site auctions, also, and have for years.

They seem like a well organized operation, and their lot is about 30 miles from me if I buy anything.

TB Farms · Nov 11, 2021

Ive bought several items, some up to 1200 miles from home,
on both Big Iron and Auctiontime and dont have any
complaints with either. Ive bought random small items to fill
out trailer loads as well. Online reaches many more
prospective buyers. The key is a company that tries to
maximize the exposure of the sellers items. If your friends
sells online, there is a good chance I will view his items from
my kitchen table in Oregon!

BarnyardEngineering · Nov 11, 2021

Just be aware that online is no guarantee of national exposure. A lot of these auction companies are using the online platform as a substitute for live in person auctions and only market to local/regional audiences, the same as they would for a traditional auction. That in turn is going to depend on the value of the equipment being sold because all that expense comes out of what the equipment is expected to bring.

That is not to say people from far away will not find the auction by searching, because some certainly will, but if you're expecting Mecum-like exposure, a visit from Machinery Pete, etc., it's not going to happen for a 1486 and a few pieces of old equipment.

SVcummins · Nov 11, 2021

The dairy sold out its equipment on big iron . I wasnt
impressed the guys are dinks and theyll be happy to tell you
your equipment isnt worth selling .

Bobl1958 · Nov 11, 2021

Big Iron has Salesmen in many areas in several states. I have bought and sold with Big Iron and am very satisfied with them. Between what I have sold and have tried to buy, they seem to get high prices for most items. Bob

Online equipment auction?

Tx Jim

Well-known Member

BarnyardEngineering

Well-known Member

Mike(NEOhio)

Well-known Member

BarnyardEngineering

Well-known Member

Mike(NEOhio)

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tomNE

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BarnyardEngineering

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Charlie M

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farmallboy15

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ADB-Ia

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Traditional Farmer

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SPMN

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redforlife

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Goose

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TB Farms

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BarnyardEngineering

Well-known Member

SVcummins

Well-known Member

Bobl1958

Well-known Member

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