[Native Hawk]

Heading to the mart on Saturday and want to buy a few animals. have been going for the past few weeks getting a feel for what I'm after, prices, etc. The only thing I can't figure out fully is the bidding process. I want to buy the animals myself but don't want to be embarressed by doing something silly! Can somebody go through the process involved. I think I know the basics but for example, I don't know what the auctioneer means when he says " you're out!". Any help greatly appreciated - Thanks

[pakalasa]

Originally Posted by Native Hawk

... I don't know what the auctioneer means when he says " you're out!". ....

"You're out" just means you are not the highest bidder. So you have to bid again to "get back in", as it were.
You've got to keep an eye on where the other bids are coming from so that you'll know if you are the highest bid or not. Say it's down to just 2 bidders, yerself and another guy. If he's at the other side of the mart then no problem. If he happens to be beside you then the auctioneer will have to tell you that you are not the last bid , so that you can bid again if you want.

[Native Hawk]

OK - thanks! Is there anything to stop me waiting until bidding is nearly over and then coming in with my bid, even when its on the market?

[Bizzum]

Originally Posted by Native Hawk

OK - thanks! Is there anything to stop me waiting until bidding is nearly over and then coming in with my bid, even when its on the market?

Not a thing, but it often can be easier to get in early. Make sure you have established that you are actually bidding. Eye contact is important with the auctioneer.
You can get some education around the sales ring. Best of luck!

When I think of it. I would buy nothing in the ring that I have not inspected outside beforehand.

[bob charles]

Originally Posted by Native Hawk

OK - thanks! Is there anything to stop me waiting until bidding is nearly over and then coming in with my bid, even when its on the market?

bit of an ebay job your thinking of doing!! biggest danger in doing this is that the auctioneer could have is eyes focused on say 2 guys bidding against each other and not catch your bid

[Native Hawk]

Thanks for your help guys! What about the position I take up around the ring? Does it matter where I stand (around the ring, up the back, etc). What signals should i use when bidding? Any other advice for me you think might help tomorrow

[Bizzum]

Originally Posted by Native Hawk

Thanks for your help guys! What about the position I take up around the ring? Does it matter where I stand (around the ring, up the back, etc). What signals should i use when bidding? Any other advice for me you think might help tomorrow

Maybe you're better being away from where you think most of the bidding action is because when you do bit it can be easier to see that the auctioneer is taking your bids.
Use whever signal you like as long as you are sure you have attracted the attention of the auctioneer. When you have, and you're sure you have, the bid can be subtle if you like.

[hiltonclary]

I am also not much aware of bidding. I just know about it is that the people speak a particular amount on something and if someone else ready to invest more money then the thing is gone to the person investing the highest amount. In bargaining we try to reduce the amount.

[Tipp Man]

Originally Posted by bob charles

bit of an ebay job your thinking of doing!! biggest danger in doing this is that the auctioneer could have is eyes focused on say 2 guys bidding against each other and not catch your bid

Yep this is a potential problem for you with leaving it late to get stuck in

Especially if you are new to the mart - the auctioneer won't know to look for you

On the first couple of lots you bid for i think you should get stuck in early and once you are more comfortable then you can leave it a bit later if you want

Be careful not to get a name for yourself as well - quite often if a fella jumps in at the end people will think that he is pushing them on

[PatQfarmer]

Originally Posted by Tipp Man

Yep this is a potential problem for you with leaving it late to get stuck in

Especially if you are new to the mart - the auctioneer won't know to look for you

On the first couple of lots you bid for i think you should get stuck in early and once you are more comfortable then you can leave it a bit later if you want

Be careful not to get a name for yourself as well - quite often if a fella jumps in at the end people will think that he is pushing them on

Agree entirely.
Many lads think they will leave it to the last and then end up disappointed that the auctioneer didn't see them.
Also some dealers in particular get really annoyed at someone "jumping in" on a lot they have "followed" from the start and will keep pushing (roasting) you for every subsequent lot you bid on.
If interested, it is best to get in early. The auctioneer will always come back to you before dropping the hammer and your intent and commitment to buy may deter other bidders, thereby making purchase easier for you

[tanko]

If i was you, i would have a quick word with the auctioneer before the sale starts to tell him your name and that you might buy a few cattle, if he doesnt already know you.This will save the hassle of having to do this during the sale.

Best of luck with it, it's one thing watching a cattle sale but actually trying to buy a few cattle can be a real eye opener. I'd stand well away from the dealers. They will be welded to each other along the ringside with their arms in the ring carrying on like as if they already own the cattle even before they are sold.

[pakalasa]

When you start bidding first, you will have to wave your hand out so that the auctioneer can see you. After that, lifting a finger or something subtle like that, is enough.
The most important thing though, is to know the value of the cattle you want to buy and have an upper limit that you won't pass. Pick your cattle out beforehand and give them a good lookover. You may also end up bidding on 5 or so lots before you actually buy, so be patient.
I remember the first time I bought cattle on my own, I wasn't sure whether I bought them or not. It happened so quick.........
Great feeling though.

[redzerologhlen]

One thing I would say if its your first time buying, Dont make the opening bid on the animal, the dealers will pull them down a lot before they open.

[Tora Bora]

Originally Posted by tanko

If i was you, i would have a quick word with the auctioneer before the sale starts to tell him your name and that you might buy a few cattle, if he doesnt already know you.This will save the hassle of having to do this during the sale.

Best of luck with it, it's one thing watching a cattle sale but actually trying to buy a few cattle can be a real eye opener. I'd stand well away from the dealers. They will be welded to each other along the ringside with their arms in the ring carrying on like as if they already own the cattle even before they are sold.

Beware of the fckuing auctioneer as well. Them boyos, know well how to lighten the pocket of a novice buyer. You might well end up competing with yourself, with the auctioneer taking phantom bids.

[Native Hawk]

Thank you all for your help! Am very excited about tomorrow now and a little nervous! Hopefully can get what I am looking for at a good price!