FOR SUCCESSFUL BUYING
OVER THE PHONE OR INTERNET AT AN AUCTION
With our busy schedules, it can be hard to be everywhere
we want to be. Thankfully that does not mean you will
be unable to participate in an auction and get that special
that helps build your niche! At the upcoming Spring Fling
Auction, you have several ways to execute an absentee
bid—bid by phone, send in a sealed bid with a do
amount, or bid on the Internet. With this Spring Fling
being our 13th auction, we have established a successful
track record with 20 to 25% of the sales coming from phone
bidders. Over the years, I’ve personally bid many
on the phone for animals in an auction if I cannot attend.
Here are my tips on how to insure you buy the animal you
want at auction and have a good experience doing it!
For those wishing to purchase at an auction they are
unable to attend, plan to do your homework early.
Absentee bidders usually have a number of special requests
for information, which can easily be accommodated if
you’ve allowed ample time for your request to be
Copy both the sale management and the consignor on your
requests so they can help each other provide the pre-sale
support you need to be comfortable making a decision.
For example, it takes a while to get fleece samples mailed
or sent in for a histogram, so don’t wait until a
before the auction to request this information!
If you are hoping to buy one animal, do not ask for
A to Z
evaluations on 20 animals. Choose the 5 or 6 who you
best fit your niche, and focus on them. If you see a
has many more animals who could potentially work for
then plan to attend that sale! At the Spring Fling Auction,
all consignors are required to complete a herd health
on each animal, as well as a veterinarian pre-purchase
Ask to see those, to insure your specific qualifications
covered. If not, you can usually get them addressed by
owner or a veterinarian if you have followed Rule Number
It’s fairly easy to pick the top 10% of the animals
in a given
sale, but be realistic about your budget. Sometimes this
the year you are going to go for broke for the perfect
that will excel in your niche. Other times, you are simply
not able to go “whole hog” and have to stick
to a budget.
Look for the animals to enhance your niche at the price
can afford! There are always some great values at auction,
so just like college applications, be sure to include
of “reach” picks. Most sales offer financed
terms so look to
see if a “ reach” pick might be feasible for
you to add to
No one can read your mind! You should be able to easily
articulate the top 2 to 3 faults you absolutely cannot
with in your herd. In my mind, the perfect animal does
exist, so there are always small compromises to be made.
You do not have to compromise on your strict standards
of perfect bites or wonderful dispositions, but be sure
let both the consignor and sale management know these
specifics. A laundry list of 20 things you don’t
likely not be taken to heart as much as a simple straight
forward list of the two to three things you cannot tolerate!
COVER YOUR BASES!
Everyone has a slightly different perspective. Ask two
different people you trust who will be at the sale or
the farm to look at the animals for you. You will get
different opinions, but you are also very likely to find
animals that both agree on. However, it is my recommendation
that you do your own bidding! Others can look for you,
but you should be the one who bids and buys!
HAVE A STRATEGY!
Study the auction catalog and order your list of bid
If your top pick is at the end of the sale, you should
consider bidding on your second and third choices if
want to come out at the end with an animal or two. Auctions
can finish very strong, so saving all your firepower
the end may result in you taking no animals home, unless
you can go the distance it takes to get your pick bought.
Looking at your chosen picks and their placement in the
sale order will help you devise a strategy.
If you’re new to buying at auction and would like
bidding on animals at the Spring Fling Auction from a
with 30 years experience in both breeding and buying
bloodstock at auction, email me at email@example.com.
©2007 WoodsEdge Wools Farm