Prices at industrial auctions versus eBay

Being fed up with some of the daft prices on eBay, coupled with pressure to use PayPal, etc, myself and another reprobate who posts here went to
the viewing day arranged by Apex Auctions for the now-deceased MH Mouldings at Bognor. There were some varispeed Bridgeports, a J&S 540P and some smaller items that looked interesting, so we signed up and had a go at bidding.
The online bidding process was painful, but that's not the point. What surprised us was the high prices everything fetched. The bid prices on the Bridgeports was 1500 to 3010 (yes, that's not a typo), plus 15% auctioneer's commission, plus VAT, so that's very nearly four grand for the most expensive one. A dozen simple angle iron and wood benches with a Record #6 went for 50 - 125 each, and so on.
My question is: are these prices typical, or was there something very unusual about the bidders at Bognor? It's hard to tell with other auctions after the event, because most of these sites like Apex do not display the hammer price once the auction has ended. The only way to see the prices is to camp on the website for the last few minutes of the auction, which isn't trivial with 100+ lots and the bizarre programming of the website.
Does the collective experience of the group suggest these online industrial auctions routinely offer better, worse or wildly variable prices as compared to the more usual hobbyist sources of machines?
And which of you madmen paid 4K for a well used BP? Would you like to buy my Semco for 3K? <G>
Alan
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Alan Ibbetson wrote:

I've been chasing a used pallet truck via "bidspotter" for the last couple of months. All the local ones seem to go for 50-80 quid - ebay seems to go for around half that.
OTOH, at a couple of "live" machinery auctions (ie, turn up at the auction and bid in person), I have seen the same thing sell for 5-20 quid.
So, yes, my (limited) experience tallies with yours.
I suppose that they suit "professional" buyer who can't afford to either spend an entire day at a proper auction, or risk being messed about on ebay - and they will pay the extra for the convenience.
--
bigegg

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Strangely enough I was going to post about Ebay prices tonight.I have been buying machines and tooling of Ebay since it started.But in the last while,pressure to use Paypal and the high number of buy it now items at silly prices really means there are no bargains.I can buy carbide inserts cheaper from the manufacturer in a lot of cases and have ninety days to pay rather than paying immediately to a faceless person for whom you don`t have an address then waiting sometimes weeks for them to be bothered to post said item.Taking toolholders as an example,do these sellers really believe I am going to give them up to 25 inc postage for a secondhand toolholder I can buy new for the same or less.A lot of these guys are selling scrap,tools which are damaged on the seats or have been rubbed or buffed away.A recent 45mm drill I bought which was described as perfect was that worn on the diameter it needed 60mm cut of it to gewt it to a usable state.When you take the time and effort required to send it back it`s not worth it. Now on to auctions.I`ve said it before and I don`t mind repeating it.Most of the online auctions you see are not true auctions.The factory you see being auctioned has been bought by a machine tool dealer who also happens to own an auction company.There are no bargains.The same machines can be bought direct from the dealer at the same price. The high prices are achieved because online bidders push the prices up.Who are these bidders?I can`t prove who they are but I have my thoughts.Of course there are always idiots who will bid and pay highly for a machine but there are not enough of these to account for all the high prices auctions are allegedly making.If you watch the auctions regularly you will see an auction at a small company where there might be machines at different locations.One particular online auction company had a lot of auctions of different companies where everytime a high proportion of the machines were in Stourport.Now why would all these small companies have satellite operations in Stourport? I f you want genuine auctions watch for the smaller companies,there are still a few about. Mark.
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