Purple wave auctions?

Anybody have any comments on purple wave auctions?

Can i trust them with my credit card?

The great thing about CC is you can challenge any charges.

I just bought a service truck with them and had great success

Credit cards i don't have a problem with one with Https at the first when you register or buy....
I have a card on file with them, but it's one with a low spending limit, 300 bucks... that requires authorization to go higher....

They used to be one of the local auctoneers here.. They were one of the few that were actually decent auctioneers... None of the so called bidders that would run the bid up that I noticed.... then they merged with the purple wave... so it maybe a mixture of different auctioneers from around the country...

Now if it was a bud palmer auction then I would say run, run far away...
I had a Lincoln Pipeliner bought for 40 bucks at auction..(30 years ago) he rambled and rambled.. then stated he was stopping the auction if no one was going to bid... he stood there for at least 20 minutes... then some one bid.. it ended up around 500 bucks.... I was peod... after that I left the several hundred dollars of items I bought laying on the ground.... got a call the next saying I didn't pay... I told him I don't buy from thieves... And you stated nothing to be remove until paid... nothing removed nothing paid.... I went back it was still setting there with tons of other junk that didn't sale...

heavylift said:

Now if it was a bud palmer auction then I would say run, run far away...
I had a Lincoln Pipeliner bought for 40 bucks at auction..(30 years ago) he rambled and rambled.. then stated he was stopping the auction if no one was going to bid... he stood there for at least 20 minutes... then some one bid.. it ended up around 500 bucks.... I was peod... after that I left the several hundred dollars of items I bought laying on the ground.... got a call the next saying I didn't pay... I told him I don't buy from thieves... And you stated nothing to be remove until paid... nothing removed nothing paid.... I went back it was still setting there with tons of other junk that didn't sale...

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I've been to a couple of auctions, although not Palmer's, that were just as corrupt. They have their own bidders, running up the bids. Or how about the item that is not bringing the bids, being accidentally dropped and broken? These were not purple wave auctions, just smaller local ones. So sometimes the larger auctions are more trustworthy than the smaller ones..

I went to a auction to bid on a dozer that I had my eye on. It came up and was sold to a guy overseas. Now no big deal right? Well I ended up going to there next auction and found the exact dozer. Same serial number. I was kinda mad but I figured the overseas guy never paid Ect. Acouple of months later a Lowboy driver applied with us. I later found out that he worked for the aution company that had the dozer I wanted to buy. He told me that the company has bidders online that bid for them if the price is not where they want it. If it did not get bought, it went to another auction far away to be sold so no one would know. What a bunch of BS. The company was RB.

Wouldn't it be easier to just put a reserve in? Instead of doing it under the table???

sandnsnow said:

I went to a auction to bid on a dozer that I had my eye on. It came up and was sold to a guy overseas. Now no big deal right? Well I ended up going to there next auction and found the exact dozer. Same serial number. I was kinda mad but I figured the overseas guy never paid Ect. Acouple of months later a Lowboy driver applied with us. I later found out that he worked for the aution company that had the dozer I wanted to buy. He told me that the company has bidders online that bid for them if the price is not where they want it. If it did not get bought, it went to another auction far away to be sold so no one would know. What a bunch of BS. The company was RB.

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Ha ha why am I not surprised. I'm plenty tired of dealing with RB. Ever since they went on the stock market honesty and decency have gone out the window. Their 3% charge to use a credit card is a cash grab and nothing but. And now their latest thing that no matter if you've bought lots of stuff at sales all over the world and never given them a bad check all checks have to clear the bank before equipment is released. This is a big slap in the face for their good decent loyal customers.

aaa

Having done the auction thing over the years I've found:

Many buyers expect low prices because it is a auction ( RE fire sale ), a auction is just a means of advertizing product and selling it. Sure there wil be a couple of deals out there but expect to pay market value for stuff.

Some auctoneers do push bids around, I've seen ghost bids that don't get responded to ( raised ) and the auction comes to a grinding halt reverting to the last known bid.

A 3% charge for a credit card pretty much covers what the credit card co charges the auction. If you were selling someting at auction I doubt you would freely loose 3% of the sale because someone wanted to pay with a CC.

We have an auctioneer here that actually tells you at the start, that he will be bidding on some items... for himself or some one else...

3%-4% is pretty much the norm for credit cards now.... Ones that have the 10% buyers premium are the ones we usually avoid..

Yeah, the 3% is normal for the cards.

Here's an auction coming up on December 12th in Sacramento that has a lot of nice machines. The 10% premium applies to all but the stuff from California Department of Transportation (CalTrans), like the Champion Grader with the plow among other things. CalTrans usually paints all there stuff orange, so their stuff is pretty easy to spot when scrolling through the listings:

A buddy bough a grader on purple wave about a year ago.
He was happy with the deal and is happy with his grader.

I'm not sure about the state of KS but most states that is illegal. Most auctioneers still do it anyhow though. Next time he announces that ask him if its legal in KS for the auctioneer to bid?

heavylift said:

We have an auctioneer here that actually tells you at the start, that he will be bidding on some items... for himself or some one else...

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IH 3500A said:

Having done the auction thing over the years I've found:

Many buyers expect low prices because it is a auction ( RE fire sale ), a auction is just a means of advertizing product and selling it. Sure there wil be a couple of deals out there but expect to pay market value for stuff.

Some auctoneers do push bids around, I've seen ghost bids that don't get responded to ( raised ) and the auction comes to a grinding halt reverting to the last known bid.

A 3% charge for a credit card pretty much covers what the credit card co charges the auction. If you were selling someting at auction I doubt you would freely loose 3% of the sale because someone wanted to pay with a CC.

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If you are getting charged 3% as a vendor to use cc you are getting screwed. 1.25 to 2% is the norm and I've seen them as low as .50%.

quantum500 said:

I'm not sure about the state of KS but most states that is illegal. Most auctioneers still do it anyhow though. Next time he announces that ask him if its legal in KS for the auctioneer to bid?

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Either way... I'm just glad he's upfront about it.... he holds the numbered card in the air when he's going to bid on that item... It's fair to everyone I think... I usually don't bid against him.... just because his pocket are deep and generally something I don't need....

I'm surprised to hear some say that RB is not honest. They do have a good reputation and I've bought from them more than once.

The main thing I don't like about RB is that they are too successful. Too many people go to the sales and bid on line, driving up the prices. I guess that's good for sellers but not so good for the buyers.

Another thing that I don't like is their policy (unless they changed it lately) of charging an additional percentage premium (10%??) for items that sell for under $2500.00. To them, $2500 may be small change, but to have to pay a couple of hundred extra for a two thousand dollar attachment hurts.

RB also charges a percentage fee for online winning bidders (2% if I remember correctly). I'm not sure why they feel that they need to do that, but it may deter some bidders.

swampdog said:

I'm surprised to hear some say that RB is not honest. They do have a good reputation and I've bought from them more than once.

The main thing I don't like about RB is that they are too successful. Too many people go to the sales and bid on line, driving up the prices. I guess that's good for sellers but not so good for the buyers.

Another thing that I don't like is their policy (unless they changed it lately) of charging an additional percentage premium (10%??) for items that sell for under $2500.00. To them, $2500 may be small change, but to have to pay a couple of hundred extra for a two thousand dollar attachment hurts.

RB also charges a percentage fee for online winning bidders (2% if I remember correctly). I'm not sure why they feel that they need to do that, but it may deter some bidders.

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It's what happens when you become a publicly traded company. Suddenly you have to answer to every investor and his dog why profit margins were only 40% when they thought you should be at 50% :Banghead

Even if I don't appreciate their business practices I still go to their auctions and enjoy doing so.

swampdog said:

I'm surprised to hear some say that RB is not honest. They do have a good reputation and I've bought from them more than once.

The main thing I don't like about RB is that they are too successful. Too many people go to the sales and bid on line, driving up the prices. I guess that's good for sellers but not so good for the buyers.

Another thing that I don't like is their policy (unless they changed it lately) of charging an additional percentage premium (10%??) for items that sell for under $2500.00. To them, $2500 may be small change, but to have to pay a couple of hundred extra for a two thousand dollar attachment hurts.

RB also charges a percentage fee for online winning bidders (2% if I remember correctly). I'm not sure why they feel that they need to do that, but it may deter some bidders.

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Buyer fee are the norm anymore on larger outcry auctions.
I am part of "http://copart.com an auction co that sells cars, trucks, heavy equipment, and whatever mostly that has been totaled by insurance co's They charge the seller to list it, the buyer to buy it, the buyer to bid on it, and the buyer to pick it up. a car that sells for $15 will cost $100 by the time all fees are collected, a car/truck selling for $6,600 will cost an even $7,000 by the time it is done.
Then there is the listing by the seller. They pay for the listing, and a percentage of the selling price. Last year they sold over 1.5 million units and so far this year it is over 2 million. How else would one expect them to support a NASCAR team and a race? http://http://www.copart.com/c2/copartRacing.html

Look at the Barrett-Jackson auctions, 10% seller fee and 10% buyer fee. That is 20% on every sale plus what the seller has to pay to have his car there. and that price depends on which day and time of day there car is on the block. Auctions are big money and I meen BIG

Dwan