4 Tips For Having A Successful Farm Equipment Auction

Planning a farm equipment auction may seem a bit daunting at first. There are several things that have to be planned beforehand, and there are a lot of unknowns for those who are new to auctions. If you are looking into planning a farm equipment auction, here are some helpful tips to keep you on track.

Have your items appraised

You should have a team of professionals inspect the items you are looking to sell. Only allow a reputable company with a history in farm equipment auctions to appraise your items. The last thing you want is a jewelry expert telling you how much you can expect to gain for selling a piece of farm equipment. You want to have a good idea of what to expect before the event, so hire a professional to get the best results.

Market your farm equipment auction

To draw potential buyers, you must publicize your farm equipment auction. Make sure to tell any of your friends in the industry and see if they can help spread the word. Don’t feel the need to allow people to purchase some of the items before the event. If you sell four or five great pieces before the auction is open to everyone, you risk the public not showing up to bid on the rest.

Store your equipment properly

Safely secure the items you are planning to sell. If anyone asks for a preview beforehand, just be aware of the value of the equipment and take precautions against theft. Many people like to preview items before they attend auctions. It is up to you how you want to handle the preview process, just be careful to make sure your equipment is safe.

Trust your auctioneer

Be honest with your attendees and follow your auctioneer’s advice. Farm equipment auctions can be stressful, just as any other type, but do not let stress get to you. If you have the help of professionals and you prepare enough beforehand, you should be able to have a successful farm equipment auction.

Many factors go into the success of buying and selling used farm equipment at auction. For more information on how to bid or sell at auction, contact the experts at High Plains Auctioneers. Call us today at (806) 244-6776 or Contact Us by email to find out more about what we can do for you. Don’t forget to check out our Upcoming Auctions to see what we currently have available!