Tour of Hoarders Machine shop and Auctions coming up for the next year or 2

[extropic]

24% charge between premium and sales tax. how do they charge 9% sales tax? is that even legal? tax should be charged at the rate of the buyer's state jurisdiction. lost my interest.

I'm guessing that in the 'terms and conditions' the state 'as is, where is' and any shipping is handled as a separate transaction.

 

[Eddyde]

24% charge between premium and sales tax. how do they charge 9% sales tax? is that even legal? tax should be charged at the rate of the buyer's state jurisdiction. lost my interest.

That is the sales tax for Minneapolis! And smugly thought NYC was the highest at 8.875%, SMH...

 

[woodchucker]

24% charge between premium and sales tax. how do they charge 9% sales tax? is that even legal? tax should be charged at the rate of the buyer's state jurisdiction. lost my interest.

ok, but keep looking, you will learn about tools that you didn't know existed. It's amazing the items he collected. Some are quite intriguing.

 

[wlburton]

He was non-standard for sure. I'm not knocking it in the least.
I bet he enjoyed having each piece, each time it crossed his eyeline or his thoughts.
He seems to have had a few orders of magnitude greater re$ource$ than most of us.
He died at only 60 years of age.
Here is a link to one publication of the man's obituary.

Remembering the life of Russell Garens

Russell Garens passed away. This is the full obituary where you can express condolences and share memories. Published in the Minnesota Star Tribune on 2024-05-12.

obituaries.startribune.com

I didn't remember until I saw the picture of Russell that I had met him, since I was assuming he was a much older man. He was helping out at the estate sale of a friend of his who owned a used tool store and I ended up chatting with him for quite a while. He was very friendly and knowledgeable about tools. Russell gave me one of his "cards," which was a stainless steel "dogtag" with his information stamped on it. He was a very interesting guy who clearly just loved tools and I'm glad his collection is going out into the world into the hands of people who appreciate it. By the way, I've bought a number of things over the years from the auction company, Premier, and in my opinion they are a totally above-board company. This is a unique auction, and with all the publicity around it it should represent quite a windfall for them.

 

[wlburton]

I'm seeing more and more auction houses doing that these days. It's a shame, because it's nice to be able to get actual pricing data when trying to figure out what things are currently going for on the used market. Additionally, if you were going to auction your own collection, how can you compare auction houses if they don't show what they actually get for things? They all say they get top dollar, but they can't all be right.

They did show them for a while, and not surprisingly they seemed higher than usual.

 

[woodchucker]

They did show them for a while, and not surprisingly they seemed higher than usual.

Welcome back, it's been a long time since we have seen you around.

 

[Ultradog MN]

By the way, I've bought a number of things over the years from the auction company, Premier, and in my opinion they are a totally above-board company. This is a unique auction, and with all the publicity around it it should represent quite a windfall for them.

I helped clean out another hoarder's place in Minneapolis last week. Not nearly as big nor as high end items as the Russel Garens auction but I hauled at least 12 tons of machine shop related stuff to Premier Machinery Auctions.
It will be sold in their November in-house auction. I'm Not affiliated with Premier in any way but like and trust those guys and have bought and sold a bunch of things there in the last few years.
Funny thing about the hoarder's house I just helped with. It is a typical 1930s, 2 story, 3 BR house with small attached garage in the city. In the basement is about a 3 ton 1930s Monarch lathe.
It got down there through about a 36"x36" window - 6' above the basement floor and has to go out the same way. It will be a hell of a rigging job to get it out of there.
A flipper bought the house as is with the lathe in place. Think of an episode on Flipping Houses . "Man Cave complete with 3 ton Monarch lathe in the basement."
Premier didn't have room for the guy's metal stock so I bought it from the Executor. If any of you guys in the Twin Cities need metal stock, I hauled at least 1K lbs of steel plate, angle iron, round stock, drill rod, bronze, brass and aluminum stuff home this week. I hope to resell most of it.
Here's a photo of a small portion of it.
That big aluminum round is 14" dia x 10" long.

 

[woodchucker]

I am bidding on some items and it appears that they start out with $2 increments, then quickly raise to $5 increments, then $10 increments.
What I don't understand is how someone breaks that increment. Maybe they put in a max bid and it just applies that when it exceeds it, then goes back to the set increments.

 

[rronald]

I'm guessing that in the 'terms and conditions' the state 'as is, where is' and any shipping is handled as a separate transaction.

It looks like (in addition to the 9% tax and a 15% premium charged to buyers). You have have to pay 4% extra for credit card payment and $20 per lot if you want it shipped via UPS. Plus the shipping. It's not clear if they also charge a fee for packaging too.

I'd probably bid on a few items, but I'd imagine that the "handling and shipping" for a delivered item is at least $40-$80 plus 130% of the auction price. So throwing out a few $5-$10 bids on overlooked items is going to get into the 100s of dollars pretty quickly.

If I just lived in Minnesota, it would be easier

 

[Karl_T]

I live nearby. stuff went WAY TOO HIGH the first auction.

Maybe third auction or so, after the attention dies down. I will say I only take deals at auction. You are still buying a pig in a poke, taking a risk that is.