Gene Sahr Farm Equipment Auction

Posted on August 23, 2023 by Amanda Bowers Dan Dykstra

Gene Sahr Farm Equipment Auction

Are you ready to upgrade your farm’s operations? Mark your calendars for an incredible opportunity coming your way! Miedema Auctioneering is thrilled to present the upcoming Gene Sahr Farm Equipment Auction, set to take place on Saturday, September 9, 2023. Whether you’re a seasoned farmer or just starting out in the agriculture industry, this auction promises to be a game-changer for your operations. Live & Online bidding are available at the Gene Sahr Farm Equipment Auction held in Paw Paw, Michigan.

The Farming Legacy: Gene Sahr Farm Equipment Auction

For years, Gene Sahr Farm has been a cornerstone of agricultural excellence in Paw Paw, Michigan. The farm’s legacy is rich with hard work, dedication, and a commitment to quality. Now, the time has come for a new chapter in the farm’s journey. To kickstart this exciting transition, Miedema Auctioneering is hosting a comprehensive auction of Gene Sahr’s farm equipment.

Auction Details

The auction will be a hybrid event, combining the best of both worlds: a live event held at the farm’s location and an online component that allows participants from around the world to join in. This innovative approach ensures that everyone, regardless of location, can take advantage of this outstanding opportunity. The auction is scheduled for Saturday, September 9, 2023, and the excitement begins at 10:00 AM. The farm’s address is 38475 CR 374, Paw Paw, MI 49079. But wait, there’s more! In addition to the live event, you can also participate in the online bidding, giving you the flexibility to bid on your desired items from the comfort of your own home or office. Online bidding opportunities can be found here.

Top Quality Equipment

If you’re looking to upgrade your farming equipment, this auction is a dream come true. The Gene Sahr Farm Equipment Auction boasts a wide array of top-quality machinery, tools, and equipment that cater to various aspects of farming. Whether you’re in need of tractors, plows, harvesters, or irrigation systems, this auction has you covered. For a full list of equipment selling click here to view the Auction Brochure.

To give you a taste of what’s in store, here are five YouTube videos showcasing some of the standout items that will be available at the auction:

The Gene Sahr Farm Equipment Auction on September 9, 2023, is a rare and unique occasion for farmers and agriculture enthusiasts alike. With its blend of live and online experiences, top-tier equipment, and expert guidance, this event is your chance to take your farming operations to the next level. Don’t miss out on this great opportunity—view our auction brochure, mark your calendar, and get ready to bid on the farm equipment of your dreams.

For more information, including the auction catalog and registration details, visit bid.miedemaauctioneering.com/auctions. We look forward to seeing you at the auction and being a part of your farming success story!

Understanding Auction Terminology: A Glossary for Bidders and Sellers

Posted on July 27, 2023August 2, 2023 by Amanda Bowers Dan Dykstra

Understanding Auction Terminology: A Glossary for Bidders and Sellers

Auctions have been an integral part of the global marketplace for centuries, providing a dynamic platform for buyers and sellers to engage in the trade of various goods and assets. Whether it’s antiques, real estate, art, vehicles, or collectibles, auctions offer an exciting and efficient way to conduct transactions. However, for newcomers and even seasoned participants, the language used in the auction world can be overwhelming. To empower bidders and sellers with confidence, we present a comprehensive glossary of auction terminology, brought to you by Miedema Auctioneering, Inc., a leading Live & Online Auction company. Join us in this blog: Understanding Auction Terminology: A Glossary for Bidders and Sellers.

Auctioneer

The auctioneer is the individual who leads the auction event, guiding the bidding process and facilitating the sale. Auctioneers are skilled professionals responsible for setting the pace, announcing bids, and ensuring a fair and transparent auction experience.

Hammer Price

The hammer price refers to the final bid amount at which the auctioneer strikes the gavel, signifying the acceptance of the highest offer and concluding the bidding process. Today, many auctioneer’s don’t use an actual gavel during a live auction, instead they say “SOLD” and the buyer shows their bidder card and the auctioneer will repeat the buyer number to signify the end of that auction lot.

Buyer's Premium

The buyer’s premium is an additional fee charged to the winning bidder on top of the hammer price. This fee is usually a percentage of the final bid and serves as a commission for the auction house.

Reserve Auction vs. No Reserve (Absolute) Auction

In a reserve auction, the sale is subject to the seller’s approval, as the final bid must meet or exceed the reserve price. On the other hand, an absolute auction is one where the item is sold to the highest bidder, regardless of the final bid amount.

Bid Increments

Bid increments are predetermined price steps by which bids must increase during the auction. They ensure that bids are raised in an organized manner and prevent minimal bid increases.

Absentee Bidding

Also known as a proxy bid, absentee bidding allows individuals to place bids on items before the live auction begins. The auction house will then represent the bidder during the event, bidding on their behalf up to their specified maximum bid. Not all auction companies provide this option, make sure to contact your auctioneer prior to the auction to make appropriate arrangements.

Live Auction vs. Online Auction

A live auction takes place in a physical location, with bidders raising their paddles or hands to make bids. In contrast, an online auction occurs on a online platform, where participants can bid remotely through a secure website. Miedema Auctioneering offers both options, live & online bidding at the same event. Whether you have equipment or real estate, Miedema Auctioneeirng has the technology and ability to capitalize both marketplaces, live and online.

As is, Where Is

Items sold “as is, where is” are auctioned without any warranties or guarantees. Buyers are responsible for inspecting the items themselves and accepting them in their current condition.

Auction Catalog

The auction catalog is a comprehensive list of all items up for bidding in a particular auction. It contains detailed descriptions and photographs of each item, providing bidders with essential information. This also helps bidder know which lot the auctioneer is on so they know when the lot or lots they are interested will be sold.

Bidder Registration

Before participating in an auction, bidders are required to register with the auction house. This process involves providing identification and agreeing to the terms and conditions of the auction. Typically, this process if very fast. Most auction companies require your license number and a good contact number. That’s it! However, every auction company is different, make sure to confirm there are no other requirements before arriving at the auction location.

Opening Bid

The opening bid is the initial bid made by the auctioneer to kickstart the bidding process. Bidders then raise their bidder card in response to the opening bid.

Ringmen

Ringmen, also known as Auction Ringmen, are experienced assistants who work alongside the auctioneer during live auctions. They play a crucial role in the auction process, spotting bids from bidders throughout the venue and communicating them to the auctioneer. Ringmen are trained to engage with the audience, encourage bidding, and ensure that no bids are overlooked, contributing to the lively and dynamic atmosphere of a live auction.

Understanding auction terminology is crucial for both bidders and sellers to navigate the auction world with confidence and success. Whether you’re a seasoned participant or a first-time auction-goer, familiarizing yourself with these key terms will enable you to make informed decisions during the bidding process. At Miedema Auctioneering, Inc., we are committed to providing transparent and exciting auction experiences for all our clients.

Are you ready to dive into the world of auctions? Whether you have valuable assets to sell or are looking to find items to add to your interests, Miedema Auctioneering, Inc. is here to assist you. Explore our upcoming live and online auctions, where you’ll find a diverse range of goods and assets waiting to be discovered. Register as a bidder or seller today and experience the thrill of participating in one of our renowned auctions!

Our team of experienced auctioneers and staff are dedicated to providing top-notch service and ensuring that both buyers and sellers have a seamless auction experience. Feel free to reach out to us if you have any questions or need assistance with the registration process, auction details or looking to speak to someone about having your own auction.

Don’t miss out on the opportunity to be a part of our exciting auctions! Join Miedema Auctioneering, Inc. and unlock a world of possibilities in the dynamic and vibrant auction marketplace. Happy bidding!

Buying and Selling Real Estate with Miedema Auctioneering

Posted on July 6, 2023November 15, 2023 by Amanda Bowers Dan Dykstra

Buying and Selling Real Estate with Miedema Auctioneering

In the world of real estate, auctions have become an increasingly popular method for buying and selling properties. With Miedema Auctioneering, Inc., you have a trusted partner for real estate auctions. Whether you’re a buyer seeking a streamlined process or a seller looking for efficient sales, Miedema Auctioneering’s real estate auctions provide numerous advantages. From accelerated sales timelines to competitive bidding and expert guidance, discover why buying and selling real estate with Miedema Auctioneering is a smart choice.

Accelerated Sales Timelines

Real estate auctions facilitated by Miedema Auctioneering offer accelerated sales timelines that benefit both buyers and sellers. Unlike traditional transactions that can be prolonged, auctions have predetermined dates and targeted marketing campaigns, creating a sense of urgency for buyers. This expedites the sales process, allowing sellers to avoid carrying costs and secure a quick sale. With Miedema Auctioneering, you can experience a hassle-free transaction that saves you time and effort. View this video of another satisfied customer that sold her beautiful property through Live Auction with Miedema Auctioneering.

Competitive Bidding & Market-Driven Prices

Miedema Auctioneering’s real estate auctions are known for fostering competitive bidding environments that drive market-driven prices. Through transparent auctions, buyers have the opportunity to witness and participate in the bidding process, ensuring fair market value for the property. The competitive atmosphere encourages buyers to submit their highest bids, leading to optimal prices for sellers. This transparent and unbiased approach instills confidence in buyers and sellers alike, creating a level playing field for all participants.

Expert Guidance & Support

When engaging in real estate auctions with Miedema Auctioneering, you benefit from their expert guidance and support throughout the process. Our team of seasoned real estate professionals provides comprehensive information about auctioned properties, including detailed descriptions, histories, and disclosures. Sellers receive assistance in assessing property values, developing effective marketing strategies, and preparing for the auction. On the buyer’s side, Miedema Auctioneering offers due diligence materials, property inspections, and access to market data to aid in informed decision-making. Their expertise ensures that you have the necessary information to make sound choices. Would you like to speak to one of our educated professional auctioneers? Contact them here.

In Conclusion

With Miedema Auctioneering, Inc., real estate auctions provide a streamlined and efficient method for buying and selling property. Through accelerated sales timelines, competitive bidding, and expert guidance, you can experience a transparent and fair process that benefits all parties involved. Whether you’re a buyer seeking an exciting opportunity or a seller looking for a swift sale, Miedema Auctioneering’s real estate auctions deliver exceptional results. Explore the advantages of buying and selling property with Miedema Auctioneering and tap into the potential of real estate auctions. Check out all of their upcoming Live & Online Real Estate Auctions here.

The Benefits of Hiring a Professional Auctioneer for Your Auction

Posted on June 29, 2023November 15, 2023 by Amanda Bowers Dan Dykstra

The Benefits of Hiring a Professional Auctioneer for Your Auction

When it comes to conducting successful auctions, the expertise and skill of a professional auctioneer can make all the difference. Miedema Auctioneering, Inc., a renowned live and online auction company, understands the value that a professional auctioneer brings to the table. In this blog post, we will explore the benefits of hiring a professional auctioneer for your auction. From maximizing bidder engagement and driving competitive bidding to ensuring a seamless and efficient auction process, a professional auctioneer adds significant value to your event.

Expertise in Auctioneering

A professional auctioneer from Miedema Auctioneering possesses extensive knowledge and expertise in the art of auctioneering. They understand the intricacies of conducting a successful auction and have honed their skills through years of experience, over 39 years to be exact. From setting the right auction strategy to engaging the crowd and creating a sense of urgency, a professional auctioneer knows how to captivate and motivate bidders.

By hiring a professional auctioneer, you benefit from their deep understanding of the market, trends, and buyer psychology. They can provide valuable insights into the optimal timing and presentation of items, ensuring maximum bidder interest and participation. Their ability to read the crowd and adapt their approach accordingly creates an engaging and exciting auction atmosphere, ultimately leading to better results for your auction.

Driving Competitive Bidding:

One of the primary advantages of hiring a professional auctioneer is their expertise in driving competitive bidding. They have mastered the art of generating enthusiasm and fostering a competitive spirit among bidders. Through their charismatic and influential auction chant, they create an atmosphere that encourages bidders to push their limits and place higher bids.

A professional auctioneer knows how to create momentum and maintain bidder engagement throughout the auction. They skillfully build excitement and anticipation, ensuring that each item receives the attention it deserves. Their ability to effectively communicate the value and unique selling points of each item inspires bidders to bid competitively, leading to higher prices and increased revenue for your auction.

Seamless and Efficient Auction Process:

Organizing an auction involves numerous logistical considerations, and a professional auctioneer can help streamline the process. They are adept at managing the flow of the auction, ensuring that it progresses smoothly and efficiently. From registration and item presentation to bid tracking and closing, a professional auctioneer keeps everything on track, saving you time and effort.

With their expertise in handling paperwork and legal requirements, a professional auctioneer ensures compliance with relevant regulations, protecting both buyers and sellers. They also facilitate transparent and fair bidding, maintaining the integrity of the auction process.

Furthermore, a professional auctioneer from Miedema Auctioneering leverages technology to enhance the auction experience. They are well-versed in conducting live and online auctions, utilizing cutting-edge auction software and platforms. This allows for wider reach and increased bidder participation, expanding your potential buyer base.

Hiring a professional auctioneer from Miedema Auctioneering, Inc. is a strategic decision that can significantly impact the success of your auction. Their expertise in auctioneering, ability to drive competitive bidding, and their contribution to a seamless and efficient auction process all contribute to achieving optimal results. By entrusting your auction to a professional auctioneer, you gain access to their wealth of knowledge and experience, ensuring a memorable and profitable event. Let Miedema Auctioneering’s professional auctioneers take your auction to new heights of success.

Would you like to see some of our past auctioneers in action? Visit our Facebook & Instagram pages for a live experience of a Live Auction in Real Time. Don’t forget to like & follow us for up to date auction information and videos.

Spring Hudsonville Fairground Equipment Auction

April 11, 2024 No Comments

Annual Spring Hudsonville Fairgrounds Equipment Auction Come say Hi to Chuck Ranney and the rest of the Miedema Auctioneering team at our Annual Spring Hudsonville Equipment Auction on Saturday, April

De Young Celery Farm Auction

April 9, 2024 No Comments

Retirement Farm LIVE Auction De Young Celery Farm | Decatur, Michigan AUCTIONEER’S NOTE: The De Young family has farmed since 1979 starting in the Hudsonville area and moved to the

Albaugh Farm Auction Recap

March 12, 2024 No Comments

Albaugh Farm Auction Recap from March 9, 2024 Auction Local Community Rallies Behind Albaugh Family at Emotional Farm Equipment Auction Owosso, Michigan: A large crowd of friends, family and local

Reflecting on Success: Miedema Auctioneering Shines at MAA

February 5, 2024 No Comments

Reflecting on Success: Miedema Auctioneering Shines at the Michigan Auctioneers Association Convention The Michigan Auctioneers Association Convention was a thrilling experience for Miedema Auctioneering, filled with networking opportunities, excitement, and

Blueberry Equipment Auction

January 8, 2024 No Comments

Blueberry Equipment Auction Blue Star Farms | Grand Junction, Michigan (Blueberry Farm) AUCTIONEER’S NOTE: DUE TO TONY’S RECENT ACCIDENT, TONY HAS DECIDED TO SELL ALL HIS FARM EQUIPMENT THROUGH LIVE

Glei Orchard & Greenhouses Auction Result

December 12, 2023 No Comments

Glei’s Orchard & Greenhouses Real Estate AUCTION RESULTS Listen as Sid Miedema, CEO of Miedema Auctioneering, updates us on the results from the LIVE Real Estate Auction from Glei Orchard

Exploring Auction Formats: Live, Online, and Simulcast Auctions with Miedema Auctioneering

Posted on June 6, 2023August 2, 2023 by Amanda Bowers Dan Dykstra

Exploring Auction Formats: Live, Online, and Simulcast Auctions with Miedema Auctioneering

When it comes to buying or selling valuable assets, auctions have long been the go-to method for achieving fair market value. Auctions provide a transparent and efficient way to connect buyers and sellers, and they come in various formats to accommodate different needs. In this blog post, we will explore three popular auction formats: live auctions, online auctions, and simulcast auctions.

Miedema Auctioneering, Inc. is a renowned auction company that has been serving clients for nearly 40 years. With their expertise and experience, they have become a trusted name in the auction industry throughout the country, offering a wide range of auction formats to suit different requirements and needs.

Live Auctions: Live auctions are the traditional format that most people envision when they think of auctions. They take place in a physical location, typically an auction house, designated venue or seller location, where bidders gather in one place to participate in the bidding process. Miedema Auctioneering conducts numerous live auctions throughout the year, attracting a diverse group of buyers and sellers.

One of the primary advantages of live auctions is the vibrant atmosphere they create. The competitive nature of live bidding can be exciting, as participants engage in fast-paced bidding wars to secure the item they desire.

Online Auctions: In recent years, the popularity of online auctions has soared, thanks to advancements in technology and the widespread availability of internet access. Online auctions, as the name suggests, take place entirely in a digital environment. Participants can bid on items from the comfort of their own homes or offices, using computers or mobile devices. Miedema Auctioneering offers a user-friendly online auction platform that streamlines the bidding process and ensures a seamless experience for all participants.

Online auctions provide several advantages, including convenience and accessibility. Bidders can participate from anywhere in the world, eliminating geographical barriers and expanding the pool of potential buyers. Additionally, online auctions often have longer bidding periods, allowing bidders to carefully consider their options and place bids at their own pace.

Simulcast Auctions: Simulcast auctions combine the best aspects of live and online auctions, creating a hybrid format that caters to a broader audience. In a Miedema Auctioneering, Inc. simulcast auction, bidders have the option to participate either in person at the auction site or online through a virtual bidding platform. Miedema Auctioneering specializes in simulcast auctions, offering a seamless integration between the physical and digital auction experiences.

Simulcast auctions provide the flexibility of online bidding while maintaining the excitement of live auctions. Bidders who are unable to attend the auction in person can still participate and compete against others in real-time, ensuring a level playing field for all participants. This format is particularly beneficial for those who prefer the convenience of online bidding but still value the interactive nature of live auctions.

Miedema Auctioneering’s commitment to innovation and adaptability has allowed them to excel in all three auction formats. Whether you prefer the energetic ambiance of live auctions, the convenience of online bidding, or the flexibility of simulcast auctions, Miedema Auctioneering has the expertise and technology to meet your auction needs.

In conclusion, auctions are a powerful tool for buying and selling assets, and Miedema Auctioneering offers a range of formats to cater to diverse preferences. Live auctions provide a dynamic and immersive experience, while online auctions offer convenience and accessibility. Simulcast auctions seamlessly merge the best of both worlds. Regardless of the format, Miedema Auctioneering’s commitment to professionalism and customer satisfaction ensures a successful auction experience for all participants. If you are wondering if an auction is a good option for you, give us a call and one of our experienced auctioneers will contact you and discuss your needs at 616-538-0367 or visit our Contact Us Page Here.

Experience the Success of Live Auctions with Miedema Auctioneering: 5 Key Benefits for Sellers and Buyers

Posted on May 16, 2023October 2, 2023 by Amanda Bowers Dan Dykstra

Experience the Success of Live Auctions with Miedema Auctioneering: 5 Key Benefits for Sellers and Buyers

Miedema Auctioneering is a well-established auction company known for its live auction events. Here are five benefits of having a live auction with Miedema Auctioneering:

Engaging and Interactive Experience: Live auctions provide a dynamic and engaging atmosphere that immerses participants in the auction process. Miedema Auctioneering’s professional auctioneers excel at creating an energetic environment that keeps bidders actively involved. The fast-paced nature of live auctions adds excitement and encourages friendly competition among participants, resulting in higher engagement levels and ultimately better outcomes for sellers.
Real-time Price Discovery: Live auctions enable sellers to achieve fair market value for their assets. With multiple bidders actively participating, the auction process facilitates real-time price discovery, as interested buyers openly compete for items. Miedema Auctioneering’s experienced auctioneers have the skills to drive bidding momentum and maximize prices, ensuring sellers receive the best possible returns on their assets.
Nationwide Audience Reach: Live auctions organized by Miedema Auctioneering attract a diverse range of bidders. The company has a large customer base, which they have accumulated since 1984, and a strong reputation, drawing in both local and international buyers. This broad reach increases the chances of generating competitive bidding and maximizing the selling potential of assets. Furthermore, Miedema Auctioneering leverages its extensive marketing strategies to promote auctions effectively and reach a wide audience.
Professional Expertise and Guidance: Miedema Auctioneering boasts a team of knowledgeable professionals, including (3) Michigan State Bid Calling Champions, who specialize in various asset categories. Their expertise allows them to accurately assess and showcase the unique features and value of each item during live auctions. The auctioneers, with their championship-winning skills, provide valuable guidance to both sellers and buyers, ensuring a smooth and transparent auction process. Their experience in handling diverse assets enables them to offer insightful advice and recommendations to clients.
Established Trust and Credibility: Miedema Auctioneering has a long-standing reputation for integrity, reliability, and professionalism. The company has been in the auction business for nearly 40 years, earning the trust of both buyers and sellers. Clients can feel confident that their assets will be handled with the utmost care and expertise. This trust and credibility translate into higher bidder confidence, attracting more active participants to Miedema Auctioneering’s live auctions and resulting in successful outcomes.

These benefits demonstrate how Miedema Auctioneering’s live auctions provide an advantageous platform for sellers, ensuring a transparent, engaging, and profitable auction experience. Ready to experience the excitement and success of a live auction with Miedema Auctioneering? Contact us today to discuss your auction needs, whether you’re looking to sell valuable assets or join as a bidder. Trust our renowned expertise, nationwide reach, and proven track record to ensure a transparent, engaging, and profitable auction experience. Don’t miss out on the opportunities awaiting you at Miedema Auctioneering. Reach out now and let us help you achieve your auction goals.

Spring Hudsonville Fairground Equipment Auction

April 11, 2024

Annual Spring Hudsonville Fairgrounds Equipment Auction Come say Hi to Chuck Ranney and the rest

De Young Celery Farm Auction

April 9, 2024

Retirement Farm LIVE Auction De Young Celery Farm | Decatur, Michigan AUCTIONEER’S NOTE: The De

Albaugh Farm Auction Recap

March 12, 2024

Albaugh Farm Auction Recap from March 9, 2024 Auction Local Community Rallies Behind Albaugh Family

Sid Miedema, Along with His Two Sons, Attended CAI this Spring

Posted on April 3, 2023November 15, 2023 by Amanda Bowers Dan Dykstra

Sid Miedema (CEO), along with his two sons, attend CAI Training this Spring

Sid Miedema, Jordan Miedema, and Jeremy Miedema are successful auctioneers who have recently continued their education by attending the National Auctioneer’s Association (NAA) and the Certified Auctioneers Institute (CAI) classes. The CAI is a three-year program that takes place annually at Indiana University and is an intensive program that focuses on the business aspects of the auction industry, rather than on a particular asset class.

As experienced auction professionals, Sid, Jordan, and Jeremy understand the importance of staying up-to-date with industry trends and expanding their knowledge. The CAI program is different from other designations offered by NAA, as it is a comprehensive program that covers all aspects of the auction business. Attendees who complete the program will have a solid foundation in auction theory and practice, as well as a strong understanding of business planning and management.

By attending CAI I, II, and III in successive years, Sid, Jordan, and Jeremy are positioning themselves as leaders in the auction industry. They will gain valuable insights into best practices, industry trends, and business strategy, all of which will help them better serve their clients. The CAI program is a mark of excellence in the auction industry, and completing it will undoubtedly increase their credibility and competitiveness in the marketplace.

Overall, Sid Miedema, Jordan Miedema, and Jeremy Miedema’s commitment to furthering their education demonstrates their dedication to providing the highest level of service to their clients. By attending the CAI program, they are investing in themselves and their business, and positioning themselves for long-term success in the auction industry.

Looking to talk to one of our Auctioneer Professionals? Give us a call at 616-538-0368 or visit MiedemaAuctioneering.com.

Burnips Equipment 9th Annual LIVE Equipment Auction

Posted on March 2, 2023April 21, 2023 by Amanda Bowers Dan Dykstra

Burnips Equipment Company 9th Annual LIVE Equipment Auction

Due to excellent sales of new farm equipment and machinery, Burnips Equipment will be selling much of their used inventory from the eight locations at this live auction. Join us on Thursday, March 9, 2023 for this incredible line up of equipment that we will be selling at the Burnips Equipment Company facility in Dorr, Michigan. The auction begins at 10AM but join us from 7:30-9:30 for a FREE Pancake Breakfast before the auction begins.

Sid Miedema sits down with Craig Vanderkolk, owner of Burnips Equipment Company, about what to expect in the line up in their 9th annual equipment auction.

Live Auctions vs. Online Auctions

Posted on March 5, 2020February 28, 2020 by admin

Live Auctions vs. Online Auctions

Frequently Asked Questions, Information, & More!

Live and online auctions are so very different – but how so? The end result is the same for both of them, a user or person bids on an item, and after a succession of bids between other people who also want to buy the same item, someone bids the highest price and takes ownership of the new item. Besides the obvious difference of one taking place online and one taking place in person, what are some of the factors that differentiate a live auction and a online auction? Here are some FAQ’s for both live and online auctions that might help you see how the processes vary and also are similar

How Do I Register?

Live Auction

For a live auction, you will generally need to bring a valid form of identification such as a state id, passport, current driver’s license or government ID. You will likely need to fill out a few basic lines of information as well as provide a form of payment and you should be all set to start bidding! You should receive a buyers number or some sort of id so that you can show you are registered.

Online Auction

To register for an online auction is generally very simple. Specifically for the Miedema Companies, you can visit our auction website such as 1800lastbid.com and click any logo at the top and follow by clicking the “register” icon at the top of the page. There are four simple steps including choosing a username and password, a security question, entering your email, contact information, and payment information. Once you are registered you are all set to begin bidding!

How Do I Bid?

Live Auction

In the case of a live auction bidding is simple, there will be an auctioneer that is going through items selling each one or lot individually. As a bidder, you simply need to raise up your arm, or buyer ID card as the auctioneer is asking for bidders for a certain price. This will continue on until people stop bidding – the winner is then last person to have bid on the item.

Online Auction

To bid on an online auction you must be registered. Once you have registered, and logged in, click the “bid here” link on the specific item that you are wanting to bid on. Be sure to review the terms of the auction and accept them. Once you have done so you can access the bidding screen. With online bidding you can either enter in your maximum bid and allow the computer to bid for you as needed, or simply just enter in the next incremental bid as you watch the progression of the auction yourself.

Must I Be Present To Bid On The Item?

Live Auction

Believe it or not, you do NOT have to be present to bid on an item at a live auction. In order to bid on items at a live auction when you cannot be present requires a little bit of planning. You will have to contact the auction firm and request that a staff member bids on an item up to a certain price, or you can send someone in your place, maybe a friend or family member that will have the time and ability to bid on the items in your place. Not all auction companies process is the same for an “absentee bid” so be sure to make contact and request more information on how to absentee bid.

Online Auction

If you are not able to be online during the auction time, most online auctions have the ability to ‘pre-bid’ on any item. A pre-bid will be a specific dollar amount chosen by you, the buyer, before the auction even begins. This will allow you to establish a maximum bid that you’re willing to pay for the item. Until the bidding reaches a point that is higher than your specified amount your name and bid will remain the highest.

How Can I Be Notified Of Upcoming Auctions?

Live Auction

In order to receive notices of upcoming auctions, it’s important that you talk to one of the staff facilitating at the live auction. This gives you an opportunity to sign up in person for email auction notices or mail notices if applicable. If you are not AT a live auction but would like to receive a notice when a new live auction is happening, visit the auction company’s website or give them a call to receive direction on how to sign up for auction notifications.

Online Auction

Generally, in the registration process of any online auction you will be prompted or asked if you want to receive notifications for any upcoming auctions. Choosing yes will automatically allow you to be notified about upcoming auctions. If you selected no, and would like to change your preferences, go to your account page or call the customer service line for help getting your preferences changes so that you will be notified of auctions going forward.

What Is A Buyers Premium?

Live Auctions & Online Auctions

A Buyers premium definition is the same for both a live and online auction. It is a transaction fee that is added to the high bid, this is paid by the buyer as part of the Auctioneers compensation. A buyer’s premium is always explained in the auction terms and conditions of each auction. The premium is unique to each company – but in some live auction cases, the auction house will waive the buyer’s premium if you are paying in cash, cashiers check, wire transfer or guaranteed check. (This is not always the case)

As you can see, both live and online auctions, although the result may be the same, the processes can be different depending on what type of auction you choose to utilize to score the item that you want. Some other things that you might want to consider are previewing the items as well as how you will pick up the items. When it comes to previewing auction items, if you are buying something from an online auction, you will have to check the preview times or set up an appointment to go view the specific items you are hoping to buy. With a live auction, you are in person there already previewing the items that you might want to bid on. When thinking about picking up your items, if you are bidding at a live auction, chances are you already have a plan or a vehicle available or ready to take your items home – whereas when you are bidding on an online auction, be sure to review where the auction items are located and when the pickup times are! This is an important factor when considering what items to purchase and bid on!

We hope that you have a better understanding of all of the similarities and differences that are a part of both online and live auctions and hopefully you will be able to go into your purchase process with a better understanding of which ways might work best for you!

If you have any questions about live and online auctions, please contact us today – to see our upcoming live AND online auctions Click Here!

Now Accepting Consignments – Hudsonville Fairgrounds Auction

Posted on February 26, 2020February 21, 2020 by admin

Now Accepting Consignments – Hudsonville Fairgrounds Auction

Sell your equipment with Miedema Auctioneering!

We are now accepting consignments for our Spring 2020 Hudsonville Fairgrounds Equipment Auction! Any construction equipment, agricultural equipment, vehicles or other items you might have are welcome in this auction! The auction will take place on Saturday, March 28th at the Hudsonville Fairgrounds. Make sure to contact Chuck Ranney to get your equipment in the auction (information below). If you have any questions about our live auction process feel free to contact us here. We can’t wait to see all the amazing pieces of equipment we will sell in this auction!

Chuck Ranney:
616-552-4430
Chuck@1800lastbid.com

Advertising deadline: March 4 2020

Ring 1 – Featuring Construction Equipment, Excavators, Loaders, Backhoes, Dozers, Attachments; Misc. Construction & Shop Tools. Skid Steers, Semi Trucks, Trailers, riding lawn mowers and more
Ring 2 – Featuring Farm Equipment – Tractors, 3 pt. attachments, implements, Lawn & Garden, Trees & Bushes, Landscape equipment, riding lawn mowers, snow blowers, string trimmers, Etc.
Ring 3 – Featuring misc. items, tools, plus much more.

We love this auction because it allows us to connect with as many consignors as possible and help them sell their equipment for a great price. We love our West Michigan community and enjoy having the chance to work so closely with individual sellers. We can’t wait to see all of the great equipment that our consignors will bring in! Check out more information about the auction here, and feel free to contact us with any questions.

Have more than just one or two pieces of equipment to sell? We would love to talk with you about holding a full auction for your farm, machine shop, or construction company. Live auctions are a fun and successful way for you to sell you equipment. They take out all of the hassle of a traditional sale, and can bring you a higher final selling price! Contact us today to see what a live auction can do for your equipment sale.