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Tractor Talk Discussion Board

Re: Planning for an auction to sell out


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Posted by NY 986 on January 16, 2018 at 13:38:54 from (184.53.48.40):

In Reply to: Re: Planning for an auction to sell out posted by BarnyardEngineering on January 16, 2018 at 13:03:00:

Saturday auctions only get to be a problem in March when every auctioneer is lining up his calendar. I've heard the same thing as you as far as auctioneers preferring not to do business on Saturday. The answer that I get quite a bit of the time is quite a few people work weekends and it is often easier to get an employer to flex one weekday off for another. The other is if a last minute prospect walks in a hour or two ahead of when the sale starts and needs financing they can call somebody M-F whereas nobody is on duty Saturday morning at the bank. I don't agree as far as consignment auctions go. Way back in the day you might get a "junk" drag on a good piece when advertising far and wide was a problem. Today I see tractors randomly arranged at a consignment and each piece will bring what it is worth. There can be a 100 dollar forage blower next to a 12,000 dollar 4020 side console diesel and each piece will bring what it is worth. On some pieces the seller has to recognize a change in the market relative to his piece. There was a NH forage wagon that was well traveled during last year's auction cycle and no doubt the seller was dissatisfied with the bids but the thing was well worn so it was no surprise that it did not break the 1,000 dollar mark each and every time.


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