Explain to me cattle auctioneering and what really goes on

[Chasingmytail]

What figure they start at - why that figure and what figure they are aiming at cos I can see some stuff going on and wonder if I am correct????

Been to market today and was watching very very closely. Def not many buyers.

 

[Gulli]

The buyers try and buy it for less than it's worth and the auctioneers try and sell it for more than it's worth.

Simple

 

[CopperBeech]

The buyers try and buy it for less than it's worth and the auctioneers try and sell it for more than it's worth.

Simple

Only some places.

Others the auctioneers try to sell it for whatever makes the dealers happy . . . .

 

[Woolless]

Only some places.

Others the auctioneers try to sell it for whatever makes the dealers happy . . . .

True, sadly. Which is ridiculous when the vendor is paying his wages!

 

[Hilly]

A good auctioneeer can value the beast and start at what it will finish at, ie 1000 ok 900 800 700 bid 750 775 800 825 850 875 900 925 950 960 970 980 985 990 995 1000 bang sold.

 

[Willie adie]

An auctioneer is an agent of the seller, and the seller is the person he is working for,.

Yet dealers seem to get quick chaps.
You have to remember that often the auctioneer himself is the biggest buyer, sometimes to order, often cause he chancing his arm,
I have always said that the profession is rotten to the core and the whole industry needs cleaned up.
I have met only a few decent honest ones,I have no doubt that many start out in the career with scruples and principles but they quickly disappear some of the actions I have witnessed have done nothing to make me change my opinion

 

[Northeastfarmer]

He isn't aiming for a set price, you're paying him to get as much for that beast as possible....a good auctioneer will know roughly the what it's worth, they like to start them low to make you think you're getting a bargain then someone else does and you end up paying too much for it

 

[yellowbelly]

The best auctioneers pretty much finish where they want to start.
It's almost a pleasure to watch a good one, with a lot to sell, on top of his game, rattling through them and knocking them down as they disappear down the chute and the next lot come in (especially if trade's good and you're selling)
When trade's a bit sticky some of 'em can back track with an almost un-noticed ease when they've gone 2 or 3 hundred quid with no one "in".

 

[Willie adie]

Its the running up that annoys me,

An auctioneer is only allowed to run up items to the reserve price, ANYTHING above that is price fixing and is illegal.
And we all know that the practice happens at every single auction conducted,

 

[Hilly]

Its the running up that annoys me,

An auctioneer is only allowed to run up items to the reserve price, ANYTHING above that is price fixing and is illegal.
And we all know that the practice happens at every single auction conducted,

You work in an auction dont you ?

 

[beefandsleep]

I don't know about finishing where they wanted to start, often they start where I wanted to finish!

 

[Willie adie]

You work in an auction dont you ?

That's why I know what happens I have come across several who show an arrogance that they are better than anyone else.
Not a nice trait, but one that seems to come with the territory and seems to be almost a requirement of the professiona,
There seems to be a need to shaft people, buyer or seller. As long ad its the auctioneer that doesn't get done.

They are decent paid, gat a lot of perks too. So the greed that many show is unnecessary.

 

[Hilly]

That's why I know what happens I have come across several who show an arrogance that they are better than anyone else.
Not a nice trait, but one that seems to come with the territory and seems to be almost a requirement of the professiona,
There seems to be a need to shaft people, buyer or seller. As long ad its the auctioneer that doesn't get done.

They are decent paid, gat a lot of perks too. So the greed that many show is unnecessary.

Not for much longer then

 

[beefandsleep]

Greed is what makes auctions work. The higher the price the more commission the auctioneer gets. I agree, by and large it's a profession that suits a certain type of person. There are a couple of decent ones that I can think of. James Evans and Alan Gittins at Shrewsbury are straight in my opinion.

 

[Hilly]

I bet for every crooked auctioneer there will be twenty crooked farmers.

 

[andybk]

The buyers try and buy it for less than it's worth and the auctioneers try and sell it for more than it's worth.

Simple

unless the buyers all have a coffee together pre auction and share out the lots , thats where a difference between a good and bad auctioneer stand out , even then its difficult to stop

 

[organic]

chasingmytail - I suspect I was at the auction you are talking about.

You wrote 'cos I can see some stuff going on' - what in particular did you mean?

 

[mo!]

A local auctioneer's tactic is to start at his valuation, he goes down three bids, then three bids up and sold. He's very quick and an excellent valuer. In contrast another sadly departed gent would expect to get 20 bids before it was sold, which was very hard work. If you don't like how your cattle at sold, pay someone else.

 

[Willie adie]

Greed is what makes auctions work. The higher the price the more commission the auctioneer gets. I agree, by and large it's a profession that suits a certain type of person. There are a couple of decent ones that I can think of. James Evans and Alan Gittins at Shrewsbury are straight in my opinion.

What's wrong with a fair price for buyer and seller.
Why does greed have to come into everything, as Kong as everyone is treated fairly and the seller makes a decent price the buyer gets it for a fair rate, that is the all that's needed.

 

[Northeastfarmer]

chasingmytail - I suspect I was at the auction you are talking about.

You wrote 'cos I can see some stuff going on' - what in particular did you mean?

Oh this sounds like it's going to be interesting...