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Auction....Douglass, Kansas
Posted: Sat Jan 16, 2021 3:53 am
by Will_Vanderburg
There is an auction on February 12th, 2021 at 11:15 am.
It will be at 17080 SW Purity Springs Rd
I’ve seen video of the property. There are at least 6 unrestored but needing restoration Model T Fords there: several tourings, a TT truck, a couple of coupes, a couple of sedans, sheet metal, wooden body parts, rims, tires, etc.
Here’s a link:
https://www.sundgren.com/antique-cars-a ... in-markel/
Re: Auction....Douglass, Kansas
Posted: Sat Jan 16, 2021 8:08 am
by Joe Bell
Looks like a heck of an Auction, lots of buried treasures there, to bad it is so far away.
Re: Auction....Douglass, Kansas
Posted: Sat Jan 16, 2021 12:04 pm
by NealW
I live about 1/2 hour from the auction, so I plan on going just to at least look. I haven't told my wife yet...
Re: Auction....Douglass, Kansas
Posted: Sat Jan 16, 2021 12:19 pm
by Steve Jelf
viewtopic.php?f=2&t=18388
I'll go to the preview and scout out what's there. From the pictures it looks like there will be a few reasons for me to return for the auction. I don't understand the 10% "buyer's premium". It just cuts down what I'm willing to bid. Reminds me of a market where all the prices had "+10%" after them in small print. It was in a poor neighborhood across from a housing project. I suppose the customers were assumed to be too math challenged to know what was going on.
Re: Auction....Douglass, Kansas
Posted: Sat Jan 16, 2021 12:30 pm
by Jerry VanOoteghem
That's because you're a reasonable person. I have been attending antique phonograph auctions for over 30 years, all by the same auction house. Just a few years ago, they started a 10% buyer's premium. Like you, I thought it would stifle the bidding. Long story short, it didn't. If somebody wants "it", they bid till they get "it", then pay the piper later. I hate to admit, I've been that person at times.
Re: Auction....Douglass, Kansas
Posted: Sat Jan 16, 2021 3:15 pm
by Will_Vanderburg
Jerry VanOoteghem wrote: ↑Sat Jan 16, 2021 12:30 pm
That's because you're a reasonable person. I have been attending antique phonograph auctions for over 30 years, all by the same auction house. Just a few years ago, they started a 10% buyer's premium. Like you, I thought it would stifle the bidding. Long story short, it didn't. If somebody wants "it", they bid till they get "it", then pay the piper later. I hate to admit, I've been that person at times.
I was at a regular house sale auction when I was a kid and my dad got me a bidder's number. Box of 78 RPM records I bid upon. Some joker jumped in and started bidding against me. I held command of the bid, and when I finally backed out, he paid through the nose for them.
Re: Auction....Douglass, Kansas
Posted: Sat Jan 16, 2021 3:31 pm
by Scott_Conger
Buyer's fees have been a regular fixture of many if not most auctions for the last 50 years.
The seller pays a fee; the buyer pays a fee.
The auctioneer makes a living for a lot of hard work and knowledge.
Perhaps the buyer should pay both sides of the fee. That would be fairer to the seller, no?
eBay and the internet has screwed up a lot of people's understanding of how a non-Megacorp world works.
Re: Auction....Douglass, Kansas
Posted: Sat Jan 16, 2021 4:37 pm
by TRDxB2
Not meant to be an inclusive rational - just a perspective
Its is the
seller that has hired someone to manage & market the sale of items that they no longer want and negotiated the fees involved. The
seller then is totally responsible for any fees that they need to pay the auctioneer. While I don't agree to Buyer Premiums for every type of auction there are some where the Auctioneer also provides a service to the
buyer - paper work, documentation etc. Indoor facilities, tables, chairs, staff to make you bid known, help in loading , (refreshments?) etc are for the benefit of the
buyer - so they need to cover their comfort costs. And as Douglas said - If someone wants it they'll pay for it - taxes too
Re: Auction....Douglass, Kansas
Posted: Sat Jan 16, 2021 5:14 pm
by Jerry VanOoteghem
TRDxB2 wrote: ↑Sat Jan 16, 2021 4:37 pm
Not meant to be an inclusive rational - just a perspective
Its is the
seller that has hired someone to manage & market the sale of items that they no longer want and negotiated the fees involved. The
seller then is totally responsible for any fees that they need to pay the auctioneer.
True, but the seller wishes to pay the lowest fee possible, so an auctioneer who places all the burden on the seller will lose out to a competing auctioneer who gets the buyers to pick up some of the costs. You are totally correct in that the auctioneer makes it all happen for those who wish to bid & buy and that is certainly worth paying for. (Especially on-site restrooms!) The auctioneer I mentioned above, who does phonograph auctions, always puts on a full blown Thanksgiving dinner for his annual November auction. (Stantons Auctioneers, Vermontville, MI)