Smallholders Insurance from Greenlands

Author Topic: An idiot's guide to buying at auction?  (Read 6409 times)

CarolineJ

  • Joined Dec 2015
  • North coast of Scotland
An idiot's guide to buying at auction?
« on: July 18, 2016, 10:10:09 am »
Help!  Going to my first sale in about 3 weeks' time (ANM at Quoybrae) with the intention of buying 10-15 lambs.  What do I need to know?  I think everyone taking stock in from my area is going in on one big Cormack's lorry, so I guess I'll need to take my trailer rather than being able to get a lift from someone else coming back empty. 

Do I need to register in advance?  Take ID?  Can I pay by card or will I need cash/chequebook?  What else do I need to know?

twizzel

  • Joined Apr 2012
Re: An idiot's guide to buying at auction?
« Reply #1 on: July 18, 2016, 10:17:43 am »
Don't forget there's normally commission and VAT added to the hammer price. I think if you're not known to the auctioneers you have to register in advance. Check feet, teeth etc and if not 100% happy don't bid.

harmony

  • Joined Feb 2012
Re: An idiot's guide to buying at auction?
« Reply #2 on: July 18, 2016, 10:38:08 am »
I would take your own trailer and then you are in charge of your purchases.


Contact the auction about registering and ask about payment. They vary a lot. Easier to do in advance rather than on the day.


Go in good time so you can have a careful look through the pens. Take pen and paper to make notes of pen numbers etc.


Set your limit.


Look at the weekly sale reports from the auction so you have an idea of prices.


Don't jump in too soon and watch the auctioneer. Be discreet and try and see who else is in. Sometimes it is only you and the auctioneer. Shouldn't say this but enthusiastic women at auctions are an auctioneers dream.


If you get chance go the week before. Noisy auctions and fast pace bidding can be hard to keep up with so you can get a feel.




waterbuffalofarmer

  • Joined Apr 2014
  • Mid Wales
  • Owner of 61 Mediterranean water buffaloes
Re: An idiot's guide to buying at auction?
« Reply #3 on: July 18, 2016, 10:55:31 am »
Agree with all the above. A tip here to avoid bidding accidentally, and yes I made an embarrassing purchase once :roflanim: don't look at the auctioneer in the eye and move around or nod whilst doing so, avoid eye contact if you don't want to bid (they have eyes like hawks). Make sure the feet are good and the mouth, look out for undershot or overshot ones. Also try and find the breeders before the sale, make sure to get there early so you can really have a good look around and a good chat to each breeder about their stock, this will also be a very good way of finding out which you want and which you don't want. Maybe the title should be a beginners guide to buying at an auction, not an idiots, don't be harsh on yourself ;) All the best and enjoy yourself  :thumbsup: If you're not sure then take a friend who knows whats what with sheep. It is really what is appealing to your eye, what I try and do is envision what they would look like on your holding, try and picture them and see what happens. Very often when I have bought rams and the EBV's are the same or very similar, I look to see if they have clean bellies, another plus especially shearing wise, and picture what they would look like as a flock or in the rams case I picture him within the flock and if i can't see it I don't buy him, sounds weird I know but that's how I chose my ram last time. The EBV's where the same the only thing he had over the other ram was the clean belly and the fact I could picture him in the flock. Sometimes though performance can go over what you see as being in your flock, so for example if his genetics are better than anothers and yet you can't envision him in the flock go for him anyway! it really depends on circumstance  ;D Soz for the lecture. Hope you have a nice time and do let us know how you get on :thumbsup:
the most beautiful people we have known are those who have known defeat, known suffering, known struggle, known loss and have found their way out of the depths. These persons have an appreciation, a sensitivity and an understanding of life that fills them with compassion, gentleness, loving concern.

Womble

  • Joined Mar 2009
  • Stirlingshire, Central Scotland
Re: An idiot's guide to buying at auction?
« Reply #4 on: July 18, 2016, 11:18:25 am »
Hiya,  I asked much the same question a couple of years ago, so have a read of that thread too  :thumbsup:.
"All fungi are edible. Some fungi are only edible once." -Terry Pratchett

CarolineJ

  • Joined Dec 2015
  • North coast of Scotland
Re: An idiot's guide to buying at auction?
« Reply #5 on: July 18, 2016, 11:32:00 am »
Thank you very much  :thumbsup:  I don't think there is a sale there before 9th August, they're not very frequent in Caithness. 

Husband says he's not sure he can get the day off, so I think I may have to go and practise my trailer driving, pronto!

Marches Farmer

  • Joined Dec 2012
  • Herefordshire
Re: An idiot's guide to buying at auction?
« Reply #6 on: July 18, 2016, 01:52:48 pm »
Do you know any local farmers well enough to ask for help?  If so, be humble, say you have a lot to learn, and they'll probably take you under their wing (maybe with a bit of ribbing) and steer you through.

landroverroy

  • Joined Oct 2010
Re: An idiot's guide to buying at auction?
« Reply #7 on: July 18, 2016, 05:25:55 pm »
Don't forget there's normally commission and VAT added to the hammer price. I think if you're not known to the auctioneers you have to register in advance. Check feet, teeth etc and if not 100% happy don't bid.

At a livestock auction the commission is taken of the purchase price before the vendor gets it, and VAT is not charged on meat animals. So the price you bid is the price you pay. (Unless they do things differently in Scotland?) 

Would certainly agree with getting there early so you can have a good look around and possibly talk to the vendors who often hang about near their pens. You can also hear what other people say about the animals. I always believe that time spent in reconnaissance is never wasted. ;)
« Last Edit: July 18, 2016, 05:32:43 pm by landroverroy »
Rules are made:
  for the guidance of wise men
  and the obedience of fools.

CarolineJ

  • Joined Dec 2015
  • North coast of Scotland
Re: An idiot's guide to buying at auction?
« Reply #8 on: July 18, 2016, 06:29:13 pm »
Turns out my farmer friend's husband will be working there that day and has very kindly offered to take their trailer over and bring back anything I buy  :thumbsup:

harmony

  • Joined Feb 2012
Re: An idiot's guide to buying at auction?
« Reply #9 on: July 19, 2016, 09:08:08 am »
I don't think it is that easy to buy something by mistake. Get ring side or where they can see you bid.


When we were children my Dad always told us to sit still because otherwise we would buy something by mistake. I think it was a good ploy to get us to sit still and quiet!!

SallyintNorth

  • Joined Feb 2011
  • Cornwall
  • Rarely short of an opinion but I mean well
    • Trelay Cohousing Community
Re: An idiot's guide to buying at auction?
« Reply #10 on: July 19, 2016, 09:31:21 am »
I don't think it is that easy to buy something by mistake. Get ring side or where they can see you bid.


When we were children my Dad always told us to sit still because otherwise we would buy something by mistake. I think it was a good ploy to get us to sit still and quiet!!

Once the auctioneer knows you, it's way too easy to buy something by mistake! 
Don't listen to the money men - they know the price of everything and the value of nothing

Live in a cohousing community with small farm for our own use.  Dairy cows (rearing their own calves for beef), pigs, sheep for meat and fleece, ducks and hens for eggs, veg and fruit growing

Buttermilk

  • Joined Jul 2014
Re: An idiot's guide to buying at auction?
« Reply #11 on: July 19, 2016, 05:20:40 pm »
Once the auctioneer knows you, it's way too easy to buy something by mistake!

Oh so true and one has even been known to knock something down to me when I was not even near the ringside, it was a run of three lots he had not recieved a bid on and he lumped them all together and sold them to me for £1.  He later told me that I could put them back in the next sale free of charge if I did not want them.

jward

  • Joined Dec 2013
  • Stockton-on-Tees
Re: An idiot's guide to buying at auction?
« Reply #12 on: July 19, 2016, 06:05:29 pm »
Make sure you can understand the auctioneer - it was like a completely different language at first for me.

twizzel

  • Joined Apr 2012
Re: An idiot's guide to buying at auction?
« Reply #13 on: July 19, 2016, 08:51:26 pm »
Don't forget there's normally commission and VAT added to the hammer price. I think if you're not known to the auctioneers you have to register in advance. Check feet, teeth etc and if not 100% happy don't bid.

At a livestock auction the commission is taken of the purchase price before the vendor gets it, and VAT is not charged on meat animals. So the price you bid is the price you pay. (Unless they do things differently in Scotland?) 

Would certainly agree with getting there early so you can have a good look around and possibly talk to the vendors who often hang about near their pens. You can also hear what other people say about the animals. I always believe that time spent in reconnaissance is never wasted. ;)

When I've bought at poultry sales at market there has always been purchasers commission and VAT added on but may well be wrong in terms of livestock.  does VAT on meat animals just mean prime stock? I would read that as stock just going through a fat ring?

harmony

  • Joined Feb 2012
Re: An idiot's guide to buying at auction?
« Reply #14 on: July 19, 2016, 09:33:11 pm »
I don't think it is that easy to buy something by mistake. Get ring side or where they can see you bid.


When we were children my Dad always told us to sit still because otherwise we would buy something by mistake. I think it was a good ploy to get us to sit still and quiet!!

Once the auctioneer knows you, it's way too easy to buy something by mistake!


I have never bought anything by mistake and wouldn't be paying for anything I hadn't bid for. You do however need to know what your bid was because I have had arguments about that.

 

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