Auctions Are Strange

Fergienewbee · Oct 3, 2010

I went to an auction Saturday and they sold a 56# bag of rye for $25.00. I bought a 50# bag at a grain elevator for $8.00. Is some rye just more expensive? Seems like he paid too much to me. Auctions are like going to the casino. Determine what you'll pay/lose and quit. Easier said than done with some auctioneers. They can really keep you in the game. But I still enjoy going.

Larry

BIG ED · Oct 3, 2010

I've been going to auctions since I was a kid,and have into it regular for over 30 years now,and don't even pretend to say I've got it figured out.
If I could type good I could write a book on things,I've seen happen,and things that happen at them.I'm not kidding the average person doesn't really see/understand some of the things that go on.
Not being a smart a$$ just the facts.

big hunter · Oct 3, 2010

I go to a hay auction every so often. Some farmer has corn and cob ground up and bagged. The bidding stopped at $6.00 per bag (50 lb. bags). The auctioneer turned to the farmer that owned the ground up corn, the farmer wanted more, so he took it back home. I think he should have sold it. I can go out to the store and buy 50lb. bag of steer feed and pay $6.75 to 7.75 for it and it has all the salt and pepper in it ready, labeled and like candy to the steers. Now I'm not knocking the farmer at all, just what I saw.

agpilot · Oct 3, 2010

Hi Big Ed: So, tell us of a few common things that are not honest folks.. Thanks. ag

paul · Oct 3, 2010

Dad bought a 3pt wagon hoist many years ago at auction. We were borrowing my uncle's every year for unloading ear corn from the barge boxes. Really could use it!

a while later someone comes up to dad, says I hear you bought the hoist, what would you sell it for?

Dad said a number, it was double the price he paid for it, as a joke.

the fella said ok, and opened his billfold.

Well, so, dad sold the item we really needed.... What could he do, the fella met his price.

--->Paul

Aaron Ford · Oct 4, 2010

To win something at an auction, you must be:

Present (in most cases)
Registered
Attentive
and willing to pay more than every other registered buyer that is present and paying attention.

Auctions are indeed weird.

Aaron

mike delaney · Oct 4, 2010

I think alot of times people get caught up in the bidding, also I don't think they know what the item sells for in the store. I went to one a couple of weeks ago to buy a lawn vac and some tools, the lawn vac went for $50 more than it sold in the stores new. And it was several years old. Mike

dhermesc · Oct 4, 2010

Was it in a cloth bag? Someone may have been buying the sack and didn't even care what was in it.

JML755 · Oct 4, 2010

(quoted from post at 07:08:11 10/04/10) I think alot of times people get caught up in the bidding, also I don't think they know what the item sells for in the store. I went to one a couple of weeks ago to buy a lawn vac and some tools, the lawn vac went for $50 more than it sold in the stores new. And it was several years old. Mike

You're right. A while back I was at an auction where a banged up 24' Werner ladder went for $160. Can buy a new one for that (without the buyers fee LOL). At the same auction, I bought a half dozen crowbars for $4 and a pile of hammers for $3. So, you just never know. Helps to have time on your hands, though. I was at one a week ago and there were some things that I would have liked to bid on, but it was going to be several hours before they got to them and I just hated to hang around just to see if I could get a bargain for under $10. Kept thinking about all the more productive things I could be doing at home, :lol: I like to go to them on cold, rainy days where the crowds will be down and I can't do much around the house anyway.

rustyfarmall · Oct 4, 2010

(quoted from post at 04:08:11 10/04/10) I think alot of times people get caught up in the bidding, also I don't think they know what the item sells for in the store. I went to one a couple of weeks ago to buy a lawn vac and some tools, the lawn vac went for $50 more than it sold in the stores new. And it was several years old. Mike

Exactly! Several years ago I was in need of a handyman jack. I had already looked at them in several different farm stores, but didn't want to pay that price. I changed my mind after attending 3 different auctions that had a handyman jack on on the racks, and every one of them brought at least $10 over the price of brand new, so I went to the nearest farm store and bought a brand new jack, with a warranty.

lust for rust · Oct 5, 2010

I went to an auction a while ago and I was sitting in my truck waiting on them to get over to what I was interested in. I watched this guy who was leaning against a gate back aways from the crowd. He looked around to see if anyone was watching him and then took the chain that was wrapped around the two gate halves. Just a small chain that was about a foot long.

Auctions Are Strange

Fergienewbee

Well-known Member

BIG ED

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big hunter

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agpilot

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paul

Well-known Member

Aaron Ford

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mike delaney

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dhermesc

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JML755

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rustyfarmall

Well-known Member

lust for rust

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