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Re auctioning left over straws???

A

ahiggins

Joined Dec 2009
62 Posts | 0+
Denham Springs, La
Watching the Top 30 last week I noticed them auctioning semen and It would sale for lets say 4500 a straw, buyer takes 3 of a 6 straw lot. They then reauction the other 3 straws and it sales for 2000 a straw less than the first three.



If you were the first buyer whats your thoughts after watching the other 3 go for 6000 less than you just paid?



Are you like.:confused:



or :mad:



or :)
 
Adam, I have been a victim of that circumstance myself and it didn't feel good. Now I wait and take a chance that the first bidder doesn't take all the straws. Maybe there should only be one chance to buy the semen. I think the semen would sell higher because people wont be waiting to be the backup bidder. Just my thoughts.
 
What ever is left should be offered to the back up bidder at same price.
 
I have been both the guy who bought them for more and I have been the guy who bought them for less. I have also been the guy who didn't get any because the high bidder took them all.

Here is my thoughts based on as a seller, as a buyer, and as a guy sitting in the crowd.

For instance, say there are 5 straws total to be auctioned off.

High bidder takes as many as they like. 1 to 5 straws.

Backup bidder can then take how many they want.

Any left over?

Ask the crowd who wants a straw at this price. First hands in the air and called on for their bidder number gets to take as many as they want at that price. If there are some still left so what, move on and no rebidding of the straws.

Quick, easy, clean, and no multi price sales on the straws.
 
I haven't been either guy, but I think the backup bidder should get the opportunity to buy at the price he offered, not the winning offer. If there's more left still, second backup bidder gets to buy at the price he offered.
 
This is one of those things that Jerry Campbell and myself at Midwest Whitetail Deer Sales have been doing for a few years. We do not re auction straws. Yeah, we do make as much commission off of that lot, but we are protecting our sellers and the buyers per say. What we do is auction off the semen. The winning bidder gets as many of the straws as he wants. Then the back up bidder can take what is left and that is it. By doing this the winning bidder got the semen he wanted and the back up bidder also get 1, 2 or how ever many straws he wants that are left. We feel this is rewarding the bidders because they were the ones bidding on the semen. They should get the semen. If it were not for the 2 bidders then the semen would not have gotten to the price bid. We feel this is fair to all, buyers and sellers. Also at Midwest Whitetail Deer Sales Auctions we do not sell semen if you do not own the buck. There are special circumstances, like a buck that is short on semen and in high demand, Like Maxin, Poncho, etc., or if the buck is deceased and the original owner or the guy with the semen rights to the buck OK's the sale. Some may feel this is the right thing to do, some may not. This is just the way we do it. Not saying any way is right or wrong.:)
 
I'm new to this and may not understand how deer auctions work but as a deer farm business/investment how does this protect my investment.



Let's say I was the winning bidder on a lot of 4 straws from the same buck and I choose to take 2 straws @ the winning bid of 10,500.00 then the other 2 are sold at 9000.00 a straw in a matter of minutes I just lost 3000.00 in my investment.



I can understand if the back up bidder chooses to purchase straw at 100. to 250 less than winning bidder but thousands less. I feel that this is not protecting the first buyer on his investment.



I look at it like if you came to my farm and wanted to purchase 2 straws of semen from a buck and I told you the cost is 4,500.00 per straw and you purchased them, you're investing in me that I will do everything possible for your investment to increase not decrease. One week later you find out that I offered the same straws to others the day after you purchased yours for 3000.00 so then you call me to help you understand why I charged you more and my comment was "You was the first one wanting to buy a straw from me that day"

I didn't do a good job at protecting your investment and I'm sure you would never buy from me again...



I just can't understand selling a straw to winning bidder at (for example) 10,500 and then selling the same straw to the person in the same room for 9000.00. Back up bidder is getting a 15% discount on the winning bid because he came in second.....



Just like Predator3 stated "Now I wait and take a chance that the first bidder doesn't take all the straws"



Makes you wonder how many other people out there are thinking and doing the same thing... Which in turn decrease your bids on your semen lots.



I feel this doesn't reflex negatively on the persons running the auction at all..



With that being said I've only been a buyer at auctions not a seller but if I was a seller a guess going home with 39,000 in light of 21,000. Is better for my investment as seller...:)
 
I like the practice of offering the rest of the lot to the second bidder at their highest bid... if they sold for $4500 and the next bidder bid $4400 they can have as many of the lot that is left over for $4400... any one else in the crowd wants some.... go talk to the owner.... if they have some ..the price is $4500
 
I am with Paul. I like Eric's and Jerry's way better than my own.



1. High bidder takes how many they want.

2. Back up bidder can take what is left if there is any at the same winning bid.

3. Some still left over? So what, move on to the next lot and keep the sale moving.
 
Yea I didn't quite understand how they did that???? Did cause the sale to drag on some.
 
I'm with Eric also. I think it is the only way to go. I know the seller is looking to sell his complete lot, but I also think he wants a far deal to boot. Last bid is the price of semen, back up bidders and then crowd.



The exception to this if they are selling multipule semen with different values. Such as the other day with lot 12-5 with Bucky, Slick and Cardiac.
 

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