PatrickT
Active Member
Yesterday I took part in my first online machinery auction. It was very fast paced, but I ended up walking away with some pretty sweet gear, so I thought I'd share what I got, what I lost, and the overall experience.
There was a ton of stuff, from office sets to hundred piece lots of tooling, mills, grinders and whatnot. Online registration was easy, but the auction process was very new, and sometimes you lose track of the extra fees, like rigging(loading), auction house 19%, and the fact that it was in USD.
At the end of the day, I spent $1600 all in, after most of the loading fees were waived as I'm picking it up in person. Anything plugged in or bolted down generally had a $150-200 rigging fee, and while a 100 lb band saw was neither, it was a $200 fee on top of the $50 winning bid.
I lost:
Lillian 3VH mill, sold for $1200 plus 200 rigging. Didn't hold the bid button long enough.
2X Kurt 6" Vises, sold for $100 each ish. Was making a coffe when the timer ended.
200+ gauge block set, sold for $15 whilst I was on a work zoom call, OMG.
600 pc end mill set, new old stock, $800. Didn't realize it was the whole cabinet in the background, not just the box in the picture.
I won:
King KV1202FX bandsaw $95
Table saw, $30
REID Bros 618H Surface Grinder in 9+ condition with transformer and dozens of new wheels and a mag plate $50(yest, FIFTY).
2X Mag plates $100
Two radius dressers and a Grinding wheel balancer $55
24X36X6" AA Grade Mitutoyo Surface plate on stand with cover, $100 + $200 rigging fee.
Misawa Seki Rockwell hardness tester with certification, mint, $95
Starret 98Z-18, Starret 199Z master levels with certifications, with a set of Mit calipers and some setup plates, $75
Ten boxes of metric and imp pin gauges, $110.
Older but certified Mit 18" height gauge, $95
So the shop is coming along splendidly, and the folks at U-haul are my new best friends.
I would say the experience was very positive, I went in with a want list, well researched and with max bids written down, then proceeded to enjoy two hours of frantic asset liquidation while enjoying a coffee in my kitchen. It's hit or miss, I think I got lucky that most of the buyers weren't looking for CMM stuff. Some of the big hydraulic presses and CNC mills sold for 10% of their $500,000 street values, while they couldn't give away the 40+ steel work tables or any of the office stuff. A Nice FORD F550 stake truck sold for $25K, and someone grabbed a riding mower for $20, lol.
Of note, the Lillian mill that I missed, that sold for around $2k CAD all in, is already for sale in Milton on FB marketplace, at $3950.
So next week I'll rent a U-Haul 6X12 in Windsor, and do a one way drop to Barrie for $40 plus a tank of gas. I think I did okay, what say the great minds here? Deal or no deal?
P
There was a ton of stuff, from office sets to hundred piece lots of tooling, mills, grinders and whatnot. Online registration was easy, but the auction process was very new, and sometimes you lose track of the extra fees, like rigging(loading), auction house 19%, and the fact that it was in USD.
At the end of the day, I spent $1600 all in, after most of the loading fees were waived as I'm picking it up in person. Anything plugged in or bolted down generally had a $150-200 rigging fee, and while a 100 lb band saw was neither, it was a $200 fee on top of the $50 winning bid.
I lost:
Lillian 3VH mill, sold for $1200 plus 200 rigging. Didn't hold the bid button long enough.
2X Kurt 6" Vises, sold for $100 each ish. Was making a coffe when the timer ended.
200+ gauge block set, sold for $15 whilst I was on a work zoom call, OMG.
600 pc end mill set, new old stock, $800. Didn't realize it was the whole cabinet in the background, not just the box in the picture.
I won:
King KV1202FX bandsaw $95
Table saw, $30
REID Bros 618H Surface Grinder in 9+ condition with transformer and dozens of new wheels and a mag plate $50(yest, FIFTY).
2X Mag plates $100
Two radius dressers and a Grinding wheel balancer $55
24X36X6" AA Grade Mitutoyo Surface plate on stand with cover, $100 + $200 rigging fee.
Misawa Seki Rockwell hardness tester with certification, mint, $95
Starret 98Z-18, Starret 199Z master levels with certifications, with a set of Mit calipers and some setup plates, $75
Ten boxes of metric and imp pin gauges, $110.
Older but certified Mit 18" height gauge, $95
So the shop is coming along splendidly, and the folks at U-haul are my new best friends.
I would say the experience was very positive, I went in with a want list, well researched and with max bids written down, then proceeded to enjoy two hours of frantic asset liquidation while enjoying a coffee in my kitchen. It's hit or miss, I think I got lucky that most of the buyers weren't looking for CMM stuff. Some of the big hydraulic presses and CNC mills sold for 10% of their $500,000 street values, while they couldn't give away the 40+ steel work tables or any of the office stuff. A Nice FORD F550 stake truck sold for $25K, and someone grabbed a riding mower for $20, lol.
Of note, the Lillian mill that I missed, that sold for around $2k CAD all in, is already for sale in Milton on FB marketplace, at $3950.
So next week I'll rent a U-Haul 6X12 in Windsor, and do a one way drop to Barrie for $40 plus a tank of gas. I think I did okay, what say the great minds here? Deal or no deal?
P
