Auctions, what have you found/bought/what are you watching for

[paulsharvey]

So, something I never understood with auctions. Let's say they have a bushhog, the auctioneer is gonna start bidding at $250. Everytime, no bids, then $100, no bids, then $50, you get bids, at $50/100/150/200/250/300/400/500. I know it's probably almost a phycology question, but, if you are legit interested, would you be better to bid at $250 right off the bat, and maybe shut down the excited/competition?

 

[paulsharvey]

I always hear people say, it doesn't matter where it starts, only where it ends; but does starting higher shut everyone down earlier?

 

[stucknutz]

So, something I never understood with auctions. Let's say they have a bushhog, the auctioneer is gonna start bidding at $250. Everytime, no bids, then $100, no bids, then $50, you get bids, at $50/100/150/200/250/300/400/500. I know it's probably almost a phycology question, but, if you are legit interested, would you be better to bid at $250 right off the bat, and maybe **** down the excited/competition?

I've seen people start at say $250 and then no one bids and the guys get's it for $250. But if he would of let is go down to say $100 who says anybody would of bid on it at $100? Basically he screwed himself out of $150. That is why people let it go down to nothing then it goes up.

Hope that makes sense.

 

[4570Man]

So, something I never understood with auctions. Let's say they have a bushhog, the auctioneer is gonna start bidding at $250. Everytime, no bids, then $100, no bids, then $50, you get bids, at $50/100/150/200/250/300/400/500. I know it's probably almost a phycology question, but, if you are legit interested, would you be better to bid at $250 right off the bat, and maybe shut down the excited/competition?

If it was a good bushhog I’d have no problems throwing out a $250 opening bid. It’s probably going to sell for $1k anyway. But more times than not the auctioneer starts the opening bid way higher than that.

 

[mnKirk]

Picked this mini excavator post hole digger up yesterday. Got it on an online auction for $75. Going to mount it on a ssqa plate and hook it up to my front hydraulics. With the plate, adapter fittings and quick disconnects I should be in for $225. Now I can sell my 3pt digger.

 

[paulsharvey]

So, seen one item that I might define as a steal go this morning. 6 way skid steer dozer blade for cheap. Not for me, but these aren't cheap. $400 got someone a good deal.

 

[Hay Dude]

I have nothing against auctions, but there’s fees and travel to pick the item up.

What I have found over the years is FMB, CL and the like have no fees and if you are patient & disciplined, you will find there are excellent buys. I got this perfect looking & running Stihl polesaw for $200 on FBM. I have already made 20 times that in work I have done for customers.

The KEY is to find disinterested/disconnected, or inconvenienced sellers to get great buys
Examples:
1. a wife selling her divorced/deceased husbands equipment
2. someone moving to a far away location and doesn’t want to move tools, mowers, etc.
3. seller desperate for money (bankruptcy)

You are unlikely to get a good deal from someone who owns/operates the equipment they are selling.

 

[Hay Dude]

So, seen one item that I might define as a steal go this morning. 6 way skid steer dozer blade for cheap. Not for me, but these aren't cheap. $400 got someone a good deal.View attachment 884414

Thats an insanely good deal. Almost too good to be true.

 

[paulsharvey]

Thats an insanely good deal. Almost too good to be true.

Looks like going price is $1600-2000; so this mist be a pretty light duty blade.

 

[Hay Dude]

All depends on you definition of “light/heavy” duty and what your needs are.
I steer clear of unknown catchy names and always buy commercial/Ag grade stuff.