Need some tractor auction tips

   / Need some tractor auction tips #41  
Consignment auctions I am always cautious of because people are usually getting rid of it for a reason. If I can buy it on the cheap then it is not too bad or if it is an accessory with no gear boxes or hidden things (like box blade or plow).

I prefer to buy from either an estate sale where somebody has died and they are selling everything or a farm that has closed down and they are selling off. You can look around at all the items and see how stuff was taken care of. Most of the time the sale is on site so you can see how the house and buildings were taken care of. You get a pretty good idea if the person who owns it took care of it or not.

Be careful because auctions can be very addicting. You will start going every weekend and end up buying stuff you don't need. The small boxes of hardware and tools are hard to pass up sometimes for a couple bucks. The boxes though is where some of the big bargains are. The bad thing is you end up with alot of stuff you don't want for the few "good" things in the box. Some of the boxes are fun though to sort when you get home. It is interesting to find some the "hidden treasures" in the bottom.

Like everyone else said watch your emotions. It is easy to get caught up and go way over what you want to spend. If it is an item you really want this is a secret that I found works alot of the time. If you are willing to spend $500 on an item then bid it to one bid over $500. What happens alot of time of time is you and another person have the same limit. If you go one bid over the even cutoff price you will get the item.

Have fun and make sure to eat, some of the auctions have some really good food.
 
   / Need some tractor auction tips #42  
The best I ever heard ... a young boy ... when his dad was done buying a combine yell Out "DADDY YOU WON" ...
 
   / Need some tractor auction tips #43  
I just can't wait to tell my dad that one of the things to avoid at auctions is tractors that the owner said was just overhauled. Maybe that was just that dudes lingo for saying he hauled it over to the auction site:laughing:
 
   / Need some tractor auction tips #46  
Does a "Dupont" overhaul count?:)

Why sure it counts, Slick 50 does too.
Our local auctioneer tells everyone at the beginning of the auction, that if they want a piece, stand by it and when they get to it and start bidding on it, to raise your hand high in the air and he said I will tell you when to take it down. Guaranteed to win your piece at auction everytime :) Ken Sweet
 
   / Need some tractor auction tips #47  
I can't agree with this setting your limit before the auction thing. As you havent seen the item and don't know what it's worth untill you give it a good going over .If i'd done that i'd never have bought anything ?
 
   / Need some tractor auction tips #48  
I can't agree with this setting your limit before the auction thing. As you havent seen the item and don't know what it's worth untill you give it a good going over .If i'd done that i'd never have bought anything ?

You surely know what one would be worth TO YOU ?
Plus some percentage if in near perfect condition, minus if kinda sad looking.

I think most of us meant to set your limit before the BIDDING starts.
 
   / Need some tractor auction tips #49  
I agree... DO the research before you get to the auction on the piece. know what it's reginal value is, and what similar units sellf for in a range. get there to the auction look it over.. then set your price.

to just blindly walk in to the auction and look the piece over with no frame of reference would be IMHO.. a bad idea.

soundguy
 
   / Need some tractor auction tips #50  
We suggest going a day ahead or a hour early the day of the auction and know exactly what you are bidding on and your max bid, before the auction starts. Ken Sweet
 

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