been watching to many auction shows.

[nwcove]

have bought some stupid useless " to me" stuff at auction but have done well re-selling. bid on a deep well pump this time round just for fun....its used but only has ..at most.. 2hrs run time ( probably more like a half hour). now im the proud owner of a 3 phase , 1hp , 12gpm pump! what was i thinking? :facepalm:

 

[sublauxation]

Re: been watching to many auction shows.

It'd be a shame for that to just sit around doing nothing, maybe it's time to dig a new well! I love auctions so my wife now limits my ebay time. When the auction ended with me as high bidder on my Evinrude I was also high bidder on a beautiful brand new Suzuki 115. Thankfully I was outbid at the last second or I would have had some explaining to do to my wife.

 

[avenger79]

Re: been watching to many auction shows.

I love going to live auctions. I have gotten some great deals, and of course a couple stinkers to.

 

[avenger79]

Re: been watching to many auction shows.

ah see I took mine to a couple of "good" ones for the fairer side. she is totally addicted now. LOL

 

[aspeck]

Re: been watching to many auction shows.

Aw yes, auctions, a great way to get caught up in the moment and excitement of bidding and pay way to much for something you don't need or want! LOL! Then again, you can score some pretty sweet deals!

 

[nwcove]

Re: been watching to many auction shows.

Aw yes, auctions, a great way to get caught up in the moment and excitement of bidding and pay way to much for something you don't need or want! LOL! Then again, you can score some pretty sweet deals!

i think i got one of those sweet deals and didnt even know it!? at the same auction i bought a 50'x80' tarp for $35....took two of us to get it on the back of my truck. a guy saw it today, and offered me $250!

 

[dwco5051]

Re: been watching to many auction shows.

Aw yes, auctions, a great way to get caught up in the moment and excitement of bidding and pay way to much for something you don't need or want! LOL! Then again, you can score some pretty sweet deals!

And how many chickens, goats and horses have you bought at Belleville because it was a sweet deal?

 

[aspeck]

Re: been watching to many auction shows.

And how many chickens, goats and horses have you bought at Belleville because it was a sweet deal?

Let's just say my wife's uncle was one of the auctioneers there ... He helped me stay away from the livestock, but the eggs, vegetables, etc, that was a different story ...:facepalm:

 

[dwco5051]

Re: been watching to many auction shows.

Let's just say my wife's uncle was one of the auctioneers there ... He helped me stay away from the livestock, but the eggs, vegetables, etc, that was a different story ...:facepalm:

I don't go without bringing along at least one of my neighbors that speaks "Dutchese" so I haven't bought a lame horse yet. By the time I hit all the outlying stores I usually come back with a few hundred dollars worth of cheese and meat along with another 5 pounds around my waist from buying goodies.

 

[Silly Seville]

Re: been watching to many auction shows.

I love a good live auction too...but I hate the fact that a poor working stiff like myself and others, has no chance for the really good stuff up against the damn dealers who come from around the state with their buyers, and outbid everyone in the ring. I understand it's just business, but they have access to the kind of capital that the local "single item" buyers don't. I used to go to farm auctions all the time as a kid with my dad, and learned from him the many pitfalls of the "game." He explained to me things like "ghost bidders" and "padding the bid". Apparently, there are auctioneers who have a bad habit of using inside people to run up the bids, and the dealers all know each other and the auction operators, so it's like a mini-stock market of sorts. Only the "high rollers" get the good deals, and the small potatoes players get skunked.

I went to one recently (drove 3.5 hours) for a single particular item that I believed alone would not bring much attention (or money). Well, that item, along with about $10,000 worth of other non-related stuff was bought by one guy in 5 minutes. I later learned that he ran a wholesale business in an adjoining state, and was seen frequently by locals buying up large estates. I told the wife when I got back home that I would never drive that far again to go to an auction. There will always be someone with more money who can outbid me just to be spiteful.

On a positive note; during the trip home, I passed an auction sign for a business liquidating their inventory and some of the owners personal property. On a whim, I went 15 miles out of my way to go see what was left (it was late afternoon) and came home with a vintage Johnson outboard that I had no business buying; but I thought it would be a fun toy to play with or simply scrap if it was junk. I found out it's worth more in parts than as a running engine! So I'm a happy camper for the most part. Now I just have to decide if it's worth spending more money on it to get it running. :facepalm:

 

[fishrdan]

Re: been watching to many auction shows.

The only live auction I went to (I was 16-17 at the time) was an old business closing... I walked away the proud owner of a dozen new 9/16" deep well sockets. I don't know what I was thinking, as, what is a person going to do with a dozen deep well sockets of the same size :facepalm::laugh:

I gave away most of them, but 30 years later I still have a few...

 

[avenger79]

Re: been watching to many auction shows.

yep, have to know the value of things before you bid, and don't get caught up in a "competition" to win.

many of the dealers who go here think we are dealers as well. LOL

another trick when they combiine items ask the winner which items they were bidding to win. many times you can split the items privately and save half the money.

most fun I had at an auction: a middle aged couple was mulling around, "talking the talk" bid on a couple items etc. you could tell they were fairly new at it. the wife kept eyeing a car going up soon. late 90's Buick not worth a ton. clean but ....

car goes up for bid, auctioneer says 15 grand no one bids, but she gets a little jumpy, suddenly he says 9 grand. everyone is laughing when the wife jumps up and says "here"...........suddenly the husband realizes it was his wife who bid..........the look on his face as he ran over there and told her no no no.......she says "what? I want it."

they were nice enough to let her out of it and start over.

 

[avenger79]

Re: been watching to many auction shows.

wow those prices do seem quite low. I think car values are coming down some due to folks not being able to afford the luxury of a toy car. I have seen many go up for sale locally. usually the swap meets have tons of projects for sale, lately it's been tons of turn key cars

 

[sublauxation]

Re: been watching to many auction shows.

In Response to Seville..... I buy a lot of cars at auction and prefer when it's only dealers. They know what they're doing and have to make profit so they usually stop bidding long before prices get crazy. The general public are usually the ones that get caught up in the moment and drive prices up. That being said, markets can be different in different areas. I bid against the same dealer on 5 mini vans last fall at one sale. He ended with 4, I got one. We talked afterwards and agreed that we should have worked out a deal beforehand because we bid each other up thousands of dollars. I payed a couple hundred more than I wanted to but he dragged his 4 back to South Dakota where he said he could sell them all day for a lot more than I planned to in Minnesota.

 

[greenbush future]

Re: been watching to many auction shows.

One of my sledding /hunting buddies actually has a problem with auctions/ebay and what not, buying stuff as some have mentioned here that he has no use for what so ever. Me I have a 1 year rule, and it keeps the clutter down, still have 5 garages and they are almost full.