Event Coverage I think I might have found the Mother lode

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OUTSTANDING 3 DAY ESTATE AUCTION
auction•1 day sale •28 days away

The address for this sale in La Fayette, GA 30728 will be available after 9:00am on Friday, February 3rd, 2023.
Dates
Sat
Feb 11
9am
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Jeff Dobson & Associates, Inc
(770) 735-7653


Terms & Conditions
13% Buyers Premium
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Description & Details
MULTI DAY AUCTION CLASSIC CARS, ADVERTISING SIGNS, FARM EQUIPMENT, TRAILERS, TRUCKS, TOOLS, COMPLETE MACHINE/FABRICATION SHOP, FORK LIFTS, NEW WELDING SUPPLIES, ANIMAL MOUNTS, GUNS & AMMO & TONS MORE!! LIVE ON SITE & ONLINE. SATURDAY FEB 11TH @ 9AM OVER 30 CLASSIC CARS, TRACTORS, TRAILERS, TRUCKS & TOOLS.. LIVE ON SITE & ONLINE LOCATED ON SITE IN LAFAYETTE GA.. PREVIEW FRIDAY FEB 10TH 10AM - 5 PM SATURDAY FEB 25TH @ 9 AM ADVERTISING SIGNS, GAS PUMPS, ANTIQUES, LARGE HOT WHEELS COLLECTION, HORSE DRAWN BUGGY & MORE LOCATED ON SITE IN LAFAYETTE GA . PREVIEW FRIDAY FEB 24TH 10AM - 5...

 

WW !!!!!

lotsa goodies

 

Thanks for posting the pics, looks like some good stuff

 

There's two more days of the sale about a week later with tools and collectibles.

 

13 percent buyers premium!!

 

Makes you wonder what commision they're getting on sales, huh?

 

Mind. Blown.

 

Cool stuff but it is also quite sad. Someone spent a lifetime collecting, but you know what they say, "he who dies with the most toys, leaves the biggest estate sales".

 

The other night my wife and I were talking about the billion dollar lottery and what we would do with the money. I told her I would only buy another 10 or 12 cars and build a new garage. Now I would have to get a plane ticket to Georgia. Oh well, we didn't hid our numbers but there are a few more before the auction.

 

We will never run out of cars & parts at estate sales, do you ever wonder if the same people show up at these events all year long and buy stuff or is it a new batch of buyers? The cost of shipping things home must enter the bidding process. Thanks for posting the photos! Bob

 

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That guy was into just about everything, That Metal and Machinery pickup sure looks familiar for some reason though. Maybe from a truck group I am on. A bunch of interesting stuff there that is worth checking out for folks close enough.

 

And don't forget sales tax..........

 

So little money, so little time

 

The good thing is the sale is in Georgia, just across the line from Tennessee which has a much higher sales tax.

 

I am COMPLETELY ready to buy the entire collection! I am only short in two areas, space to store them, and money to buy them. Otherwise I am as ready as can be !

 

One he didn't show is hidden behind what looks like a plasma table and some other junk. I thought it was just a body but it looks to have a frame under it.
I'm thinking that the auction house handling it is more of and estate auction place rather than someone who knows collector cars and knows how to present them.

 

I'm just a bit too far away to have a look, but I hope that whoever had this collection had a bunch o'fun while it lasted.

 

Wow, so much nice stuff there! Pretty sure I couldn't afford much there though

 

I think you might be right. I have a feeling though that some of the buried stuff will come out before it's auction date. The cars are coming out first along with some tools, then a week or two later more tools and equipment, then another week or so the toys will go.

 

the internet sure changed the auctions. Years ago you went to one auction a day or if it was bad, you could possibly make it to another 1 or 2 but that was about the limit. you got to check out your competition, they were there with you and you get to know the money players.

Now with auctions being online too besides live. you can attend quite a few without leaving your living room. That is great but they tend to go for more money too though. It is hard to tell who is who behind a key board. Another con is you don't get to see it in person. But like I said you can attend lots more without the travel expense unless you actually buy something. Going to a live auction far from home, you almost had to buy something to justify the trip.

last week I had 9 auctions with 13 rings total running on my computer at one time (mostly farm and some construction equipment). Tell me about spreading yourself thin across the country. Luckily the few items I brought worked out pretty good and they were somewhat located close to each other . We backed off on the stuff that was in the western states this time and kept it concentrated between Wi. and Ky, basicly keeping it between our 2 home bases.

My partner called and was happy with our purchases when he picked them up but it is always a bigger gamble online not seeing the items first. Oh, when he did the pickup at the big auction place in Il. he was allowed to walk around and look at the stuff coming up next month so that worked out and we got info and invited to take some of our extra stuff there.

that looks like a great auction in Ga. Might have to watch that one. Problem buying toys like that, I have a hard time reselling them, I keep them. Farm stuff and construction stuff I have no problem flipping though.

 

I thought the same thing

 

My experience has been that dealers are the ones who know exactly what they can pay, rig, ship, advertise, resell, rig, ship and make a profit. They can't afford to drive the prices beyond a certain level.

Occasional bidders trying to see behind the system at an auction is like the guy goes to Vegas one time a year and thinks he can beat the house and the pros. When the first camel was auctioned at an oasis in the African desert, that auction was rigged; why would we think it would be any different today? The auctioneer and the consigners want the highest possible selling price. Bid what you think it's worth and can afford and don't worry about what the other guys are doing.

jack vines

 

Being in GA it also may mean all those 62 and older vehicles being sold have no title.

 

Great collection, the guy had good taste. That '40 Ford Deluxe convertible is a gem for sure.

As for online auctions, I like them, I've been able to buy some stuff that way that I'd never sit through a whole live auction to bid on. But I can put my bid in online and sometimes I get it for my price and sometimes I don't. I like it that way. I also feel it's a little less stressful bidding, I can decide what I'm willing to pay a week in advance and not just pull a number out on the spot.

I'm also a dealer of old car parts and I'd say I rarely outbid anyone who wants it for themselves. I have to be buying stuff for 10 or 20 cents on the dollar to be worth my time, where as someone who actually needs the stuff can pay a bit more and still get a good deal. I'd bet most dealers are that way.

 

I didn't know that and thank you for telling me. It's only about 45 miles over there for me so I plan on being there.

 

True, but then I still have to travel there once to put in my silent bid. That's why I like the online bidding, I only have to drive there if I actually end up buying something. Also, when you put in a silent/absentee bid like that, the auctioneer will start at that price, so no chance of getting it for any less. Still a good option sometimes, just not ideal.

 

I can agree with all that except #5. I never got the memo saying I was supposed to have plenty of money when I retired.

 

"4. If there are say 3 similar items to be auctioned, but 7 or 8 people are bidding on the first one........buy the first one. Its almost always the cheapest one. People tend to think they will get the next one so they wait for it to come up for sale. Then when it does, they get more desperate as the bidding progresses and they usually sell for more than the first one."

Oh yes, I am a strong believer of that rule and sometimes I have resold the item before moving the item because I was the first guy to buy at the bargain price. I am not always liked at live auctions.

even at real estate auction I can be a pain in the ass. Was three of us at a foreclosure sale and I made an offer to the one guy if he paid us $5,000 each we wouldn't bid against him. didn't take the offer so I ran him up $50,000 and looked at my buddy and mentioned too bad he didn't take my offer, we would be $5,000 richer and he would be $40,000 richer. he wasn't happy but we wanted that property too and was willing to deal with him.

 

Auctioneers don't always know what they're selling. One absolute advantage to going to the pre-auction viewing is finding tooling and parts which have gotten separated from the machine or the main item. Often, a box of mixed hard stuff will come up for auction and in there is a key part for a machine. If the other bidders see it's missing and don't know what you know, they'll discount their bids. If you buy it before the machine comes up for sale, then you can often get the machine for less or sell them your part at a premium. Pro tip, take photos of any machine or mixed lots. Not unheard of for stuff to go missing during load out.

And BTW, it's usually a waste of your time and effort to try to educate the auctioneer about what should be included with what. Their first reaction is you're trying to get two for one price. Their second reaction is, "Just bid on both of them and you'll be good."

jack vines