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Buying at a Agricultural
Auctions
Caveat
emptor - Let the buyer beware
Many Agricultural
Auctions will hold their auction at the sellers premises, which in this
type of auction is usually a farm/small holding setting. Some auctions
do take place in the saleroom, with the larger lots to be viewed
as per auction catalogue details.
Agricultural
Auctions mainly take place on a weekly and monthly basis with
larger lots coming up as and when items for sale.
Always try
to view prior to the auction/saleroom sale date , this could be one or
two days before the sale, to view the lot/s you are interested in
buying. Bidding at an Agricultural Auctions
Always
try and and read all the conditions of the sale in the front and rear of
the catalogue , because they all vary from saleroom to saleroom, with
different amounts of commission as well as when the lot/s have to be
collected etc..
Some
auctions/salerooms will give you a bidding number or a paddle with a
number on it, for you to bid at the auction. Some small country auctions
don't use these 2 methods but ask for you to call out your surname only.
there is always so many Mr. Smiths at auction ! I wonder why...Always
handle the lot/s so you can check for any damage as well as see the
overall condition of the sale lot.
PLEASE REMEMBER
Caveat
emptor - Let the buyer beware.
Some not all
country farm auctions will have all lots in a catalogue with some just a
piece of A4 paper with the odd auction with no catalogue at all. See if
there is a auction guide price to the lot ..if not as the auctioneer for
a rough estimate on the lot. Always check in the auction catalogue for
the rates of commission before you start bidding, they will range from a
few % right up to 25%..this is added on to the final auction price as
well as vat added to the commission price..
Please remember
that once the gavel has bid hit down and THE AUCTIONEER HAS SAID
SOLD, this is a legal contract between you and the auction/saleroom, so
be sure not to be carried away with your bidding, set your self a top
limit price.
Selling at a
Agricultural Auction
Mostly
sellers will have to contact their local Agricultural auctioneer to ask
when and where their next sale will be, always as if your items might be
added on their next sale, if there is another private or local auction
coming up. Agricultural Auctions, are found to be less frequent than the
Antique /General auctions through out the country.
Please
read disclaimer
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