Ritchie Bros ... buggers

[Taiga]

Definitely are not unreserved, despite the claim, I know lots of business owners that sent equipment to RB that were guaranteed the minimum values they wanted/needed.

[furrowtickler]

Checked RB Regina results decent average machinery and trucks seem considerably more reasonable than past three years ??

[oldjim]

Checked RB Regina results decent average machinery and trucks seem considerably more reasonable than past three years ??

Perhaps but a 1982 Chevy 3-ton (nice shape, low miles) brought $26,000. Some of the New Holland combines seemed to go fairly cheap.

[makar]

Definitely are not unreserved, despite the claim, I know lots of business owners that sent equipment to RB that were guaranteed the minimum values they wanted/needed.

That does not mean its not unreserved to the bidder. RB has come short on some quarentees. Doesn't mean they dont recycle it.

[Taiga]

Ah that’s certainly possible for sure

[foragefarmer]

Well at least we know they spend some of their commission to run ads on Agriville.

[Old Cowzilla]

When I look thru there glossy mags at all that shinny steel I feel like when I was a kid looking thru the sears catalog at Christmas. Does anybody know what % of farms go for the guarantee assessment of steel or land before sale day ?

[fcr]

So today i am bidding on an item that myself and one other bidder are going back and forth on.An hour before closing he quites bidding. With less than 5 minutes left 9 differant bidders came on to bid me up all only bidding once. Seemed a bit odd to me,I did not end up buying the item, phoned a dealer and will have one in my yard in four days for the same price. However some of the combines and large air drills did sell very reasonable.

[jdg364]

RB Bonanza AB auction

2022 Claas 6800 with 87 sep hrs and 134 hrs for 495k today. I’m thinking the lower grain prices are starting to hit home.

[makar]

RB Bonanza AB auction

2022 Claas 6800 with 87 sep hrs and 134 hrs for 495k today. I’m thinking the lower grain prices are starting to hit home.

Third sale I less than ten years, more to this story.

[blackpowder]

So today i am bidding on an item that myself and one other bidder are going back and forth on.An hour before closing he quites bidding. With less than 5 minutes left 9 differant bidders came on to bid me up all only bidding once. Seemed a bit odd to me,I did not end up buying the item, phoned a dealer and will have one in my yard in four days for the same price. However some of the combines and large air drills did sell very reasonable.

Exactly. 2 minute bidding extension with new bidders. Retail established.
Call dealer after the auction. New world.

[Old Cowzilla]

Exactly. 2 minute bidding extension with new bidders. Retail established.
Call dealer after the auction. New world.

Didn't 1/2 the bidders call the dealer beforehand to get a quote.

[LEP]

Is there really any point bidding until a couple minutes before closing?

That's when the action happens.

[shtferbrains]

Only the last bid means anything?

[blackpowder]

Didn't 1/2 the bidders call the dealer beforehand to get a quote.

Point being I've been buying from dealer after the auction anyway.