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<blockquote data-quote="Elder Statesman" data-source="post: 601524" data-attributes="member: 7371"><p>When I take a registered animal to a consignment sale, I give the auctioneer the lowest amount I will sell the animal for. Most of the time I have legitimate bids from home that I give him. If he can't get a bid for that price, I walk the animal out of the ring and take it home. No fake buyers. I have had people come to me after the sale and ask for my bottom price. Several times I have had people buy bulls from me out back of the sale barn for the price I asked. I am in business to make money. I'm not going to sell an animal for $500 less in an auction than I can get at home in private treaty. Too many things can happen that affects the turnout, type of crowd, or bidding in a consignment auction.</p><p></p><p>I won't sell any bull for less than $1500. I sell butcher steers for $1300, so why would I sell a bull for less? I'll eat him before I give him away. If someone won't come to an auction because there is a $1200-1500 floor price or minimum bid, I don't want them to come look at or buy my bulls. They are the same ones who buy a yearling bull from someone, put him out with 40 cows and don't feed them anything or take care of them. Then they come back and complain that the bull fell apart on them.</p><p></p><p>Those of you who think a $1500 minimum price on a bull is too high haven't put a pencil to the feed cost of raising a bull, semen test cost, vaccinations, ultrasound cost, registrations, etc. Don't forget your labor cost either, unless you are donating your time to a non-profit organization.</p></blockquote><p></p>
[QUOTE="Elder Statesman, post: 601524, member: 7371"] When I take a registered animal to a consignment sale, I give the auctioneer the lowest amount I will sell the animal for. Most of the time I have legitimate bids from home that I give him. If he can't get a bid for that price, I walk the animal out of the ring and take it home. No fake buyers. I have had people come to me after the sale and ask for my bottom price. Several times I have had people buy bulls from me out back of the sale barn for the price I asked. I am in business to make money. I'm not going to sell an animal for $500 less in an auction than I can get at home in private treaty. Too many things can happen that affects the turnout, type of crowd, or bidding in a consignment auction. I won't sell any bull for less than $1500. I sell butcher steers for $1300, so why would I sell a bull for less? I'll eat him before I give him away. If someone won't come to an auction because there is a $1200-1500 floor price or minimum bid, I don't want them to come look at or buy my bulls. They are the same ones who buy a yearling bull from someone, put him out with 40 cows and don't feed them anything or take care of them. Then they come back and complain that the bull fell apart on them. Those of you who think a $1500 minimum price on a bull is too high haven't put a pencil to the feed cost of raising a bull, semen test cost, vaccinations, ultrasound cost, registrations, etc. Don't forget your labor cost either, unless you are donating your time to a non-profit organization. [/QUOTE]
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