Proposed: Three building auction complex, with hotel on 156 acres South of Indianapolis, to serve the 5- state area of all auction needs.
East elevation view of the car auction house, showing the bleachers on the West side of the building
Shown on each side of the auction house is the patio area 50’ x 85’.The functions of the patios has been discussed in earlier segments for their use to bring in people after the auctions. Here is the present configuration of the bleachers, the seating capacity is 400 people, but could be increased to the 507 people by extending each end of the bleachers another 25’. We do not think it is necessary to do so at this time. The tunnel in the center of the bleachers goes to the auction clerks office and the rest rooms. There are 4’ stairs each side of the tunnel for the bleachers as well as at each end.
Bleachers will seat people to witness used mobile equipment that passes by, and to bid on items with their hand held bidding box. Most mobile items can be driven past the bleachers. However, large earth moving equipment, or as auctioneers call them, yellow iron would be best left out in the field and auctioned off inside the auction house using a large TV screen and the lap top at each seat. Every one who is interested in a machine is already familiar with all their features. The machines have been started several times for different people to demonstrate all of their moving parts.
This type of machinery will bring the most amount of money, so consideration for the client should be of the utmost. Some people will travel long distances to examine this type of equipment. They should be escorted around and taken to lunch, and build up a good client rapport. Some of this equipment will start at $100,000 depending on the wear of the tires, when each tire cost new $30,000, and some machines have 6 to 8 tires. It is easy to see how the cost of these machines is in the 6 figures. The auction house will apply the low auction amount to this type of sale say in the 2% to 3% depending on how much time it takes to prepare each piece for the auction. All of these things will be arranged ahead of time.
Last week I went to an auction where a vintage Cadillac was being sold, the auctioneer was taking bids apparently from nowhere because everybody was crowded around him with no room for him to move. Well the car was sold, and now we have two bidders saying they won the bid. From where I was standing I did not see either one bid. Come to find out the two that were in contention over the bid were punching the auctioneer with their finger in the back and the other one was pushing his finger in his side to take their bid. We all thought the auctioneer was pulling bids out of thin air. Well every one quit bidding because of this. This condition will not exist at our facility, and everyone will have a chance to bid knowing who placed the last bid.
As you follow the bidding process on the lap top at our facility the last entry will show the bidders name and what state he is from. Again all of these things that we have observed over the years we want to correct, and make an auction an enjoyable experience.
The bleacher seats will be solid plastic like in a ball park, and can with stand the weather. A cover over the bleachers at this time will be too costly; later on maybe.
A $15 nonrefundable charge will be placed on each vehicle entered into the auction. This money will offset the cost of labor to prepare the cars, and load and unload them on the rail cars; this also includes the labor to wipe them clean if there is a rain storm or snow storm at the time of the auction. The estimated number of employees to perform this task will be 10 employees per auction. On top of this charge there will be an auction fee say in the range of 3% on the total sale.
Under no circumstance will there be a 10% buyer premium. Why should you as a buyer pay such a fee to purchase anything especially at an auction? This type of thing cuts down on the amount the buyer is willing to spend on an item. Now this reverberates back to the seller because he is not willing to enter an item knowing he will not get top dollar for his efforts. This was another way for the auction house to wring more money out of the buyer. In the past when a premium was not charged the quality of the merchandise going thru the auction house was significantly higher.
When a buyer has to pay say 18% fee to purchase anything, when will he say enough is enough, and find another source to purchase from.
An auction house should work on a commission as small as possible and still pay the bills. Retaining at least 55% of the profit back into the company to make it a viable entity. We understand that if we have to travel a long distance with a tractor trailer and with labor to load the cargo, yes a larger commission would be charged. Still this commission could be worked out for the benefit of the seller, and the auctioneer depending on the quality of the merchandise.
168 to 190 cars will be the capacity for an 8 hour day, and that many cars will be on display for each day of the week, Monday through Saturday one week in advance to give the bidders a chance to study the selection and to establish a bidding price prior to day of auction.
The birth of Isaac: Hagar and Ishmael cast out
And the LORD visited Sarah as he had said, and the LORD did unto Sarah as he had spoken
For Sarah conceived, and bare Abraham a son in his old age, at the set time of which God had spoken to him.
And Abraham called the name of his son that was born unto him, whom Sarah bare to him, Isaac.
And Abraham circumcised his son Isaac being eight days old, as God had commanded him.
And Abraham was an hundred years old, when his son Isaac was born unto him.
And Sarah said, God hath made me to laugh, so that all that hear will laugh with me.
And she said, Who would have said unto Abraham, that Sarah should have given children suck? For I have born him a son in his old age.
And the child grew, and was weaned: and Abraham made a great feast the same day that Isaac was weaned.
And Sarah saw the son of Hagar the Egyptian, which she had born unto Abraham, mocking.
Wherefore she said unto Abraham, Cast out this bondwoman and her son: for the son of this bondwoman shall not be heir with my son. even with Isaac.
Genesis 21:1 – 10
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