Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Non-Cattle Specific Topics
Coffee Shop
On-line equipment auctions ??? Anyone done that?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="CottageFarm" data-source="post: 907259" data-attributes="member: 16552"><p>I've used ProxyBid many times. It is real time if the auction house is offering that service. Some don't, but it's really what PB is all about. They will have someone monitoring live online bids at the sale.</p><p>It can be a good way to "attend" an auction that's too far away to drive. However, there is a 15-20% buyers premium in addition to any buyers premium the Auction house already charges. You will also pay local sales tax unless the item is shipped out of state. So beware that you could end up paying 25-40% more for the item than your bid price. And, of course, they really won't mention any problems the item has. It's very much a buyer beware situation. </p><p>Boogie is also correct that pre-auction bids will be the starting point and will generally be outbid. The only way to make it work well is to bid live. Leaving a real proxy bid is rarely effective unless it's double what it's worth, or the auction is <strong>really</strong> poorly attended and you get lucky. If they don't offer live bidding, don't bother. If it's an item that can't be shipped, I generally go to the auction in person anyway. I'll save the extra buyers premium, and will be able to look at the item and bid with more confidence.</p></blockquote><p></p>
[QUOTE="CottageFarm, post: 907259, member: 16552"] I've used ProxyBid many times. It is real time if the auction house is offering that service. Some don't, but it's really what PB is all about. They will have someone monitoring live online bids at the sale. It can be a good way to "attend" an auction that's too far away to drive. However, there is a 15-20% buyers premium in addition to any buyers premium the Auction house already charges. You will also pay local sales tax unless the item is shipped out of state. So beware that you could end up paying 25-40% more for the item than your bid price. And, of course, they really won't mention any problems the item has. It's very much a buyer beware situation. Boogie is also correct that pre-auction bids will be the starting point and will generally be outbid. The only way to make it work well is to bid live. Leaving a real proxy bid is rarely effective unless it's double what it's worth, or the auction is [b]really[/b] poorly attended and you get lucky. If they don't offer live bidding, don't bother. If it's an item that can't be shipped, I generally go to the auction in person anyway. I'll save the extra buyers premium, and will be able to look at the item and bid with more confidence. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Coffee Shop
On-line equipment auctions ??? Anyone done that?
Top