What Did You Buy Today?

[NCjeeper]

Yep that’s how auctions are going. After buyers premium I see stuff sell for more than new all the time and it ridiculous. I was bidding on some machines and they went for over 50% of new.

Of course it depends on the auctions location. There was just one yesterday in Tennessee. Most of the prices things sold for were ridiculously low.

 

[BGHansen]

Of course it depends on the auctions location. There was just one yesterday in Tennessee. Most of the prices things sold for were ridiculously low.

Learned my lesson (cheaply for me) at a high school shop auction 20 years ago. They started going through the foundry stuff, there were two anvils probably around 120 lbs. each. Really beat up. Two guys went at it, took it up to around $135. Auctioneer gave the winning bidder the choice of both at that price each, or his choice. He took one. Auctioneer offered the left-over to the other bidder who declined. So they started to auction the 2nd anvil which went for $35. It not only takes location, it takes two guys bidding against each other.

Bruce

 

[Papa Charlie]

I don't see the bidding scenario as much in the In-Person auctions as I do in the On-Line auctions, but I am sure it happens too often. I have seen too many times, the prices in On-Line auctions get into a bidding war and the next thing you know, the price has exceeded the new cost. They just keep clicking that Enter key on the keyboard and get caught up in the moment.

A lot of people forget there is the auction premium that gets added (12%-15%) then taxes which can add another 10% on top of everything else.

Just crazy.

 

[Shootymacshootface]

I picked this up off of cl the other day. I might do a resto thread on it.

Its missing the blade lifter for the back stroke. I would say it's optional with modern blades.
The other thing thats missing is the v-block guide for the bow. I'll just make one.

 

[Shootymacshootface]

The nice gentleman threw in this old welder and some 6013 rod and some nickle rod too.
I can't wait to try to weld aluminum with it!

 

[DavidR8]

If you don't mind me asking, where did you find a used one.
I am asking because I watch a number of machinery auctions in the MSP area. Yesterday there were two that ended. Stuff went for incredible amount. Some of it was barely less than new. I was talking to the wife last night and it seems that if I need/want something for my shop I might as well buy new.

I bought it from a member of the Canadian Metal Workers group.

 

[Ianagos]

Of course it depends on the auctions location. There was just one yesterday in Tennessee. Most of the prices things sold for were ridiculously low.

Wish I would known about it. Was it a in person or online auction? I’m looking for some newer machines a bit out of the scope of this forum but i know you guys are always super helpful maybe you guys know of a place selling some good used machines

 

[NCjeeper]

It was online. It had a Horizontal Boring Machine in it that I was interested in. I just don't have the time to move one right now though. It sold for one dollar.

 

[Aaron_W]

Yep that’s how auctions are going. After buyers premium I see stuff sell for more than new all the time and it ridiculous. I was bidding on some machines and they went for over 50% of new. That’s for 12 year old cnc machines. I can go to a dealer and buy a better equiped machine of the same year for 20k less. So that’s the craziness that is auctions.

I keep telling my wife I should just auction off my shop. I’d end up getting twice what all my stuff is worth and I’d probably end up with enough money to buy all new equipment.

It helps to know the value. I think some is sellers not knowing, and assuming it must be worth more, and some is sellers hoping buyers don't know. Of course auctions add in bidding frenzy.

I've noticed a couple of mini-lathes on CL recently ranging from barely discounted to more than new. One in particular was a nameless 7x14, seller was asking $500, you can find dozens of the exact same nameless lathe on ebay for $476 with free shipping.

Of particular concern buying used Mitutoyo is the fakes, not so bad if you buy a cheap new one that is a fake (many are apparently still pretty good, and as long as you didn't pay a new real price I guess not a bad deal), but I would worry about getting a used fake and paying a used real price (I'm sure there are people buying fakes, then selling them as used real). When certified dealers have 6" Mitutoyo calipers on sale for $111, and ebay is full of "new" ones for $49 it is not hard to imagine people are buying these, adding a little wear and then selling "lightly used" for $82.

MSI Viking 6" Mitutoyo caliper

Ebay $49 "new" Mitutoyo 6" Caliper

Ebay $82 "used" Mitutoyo 6" caliper

Not singling out these ebay sellers as fraudulent, that used one might be completely legitimate. There are a bunch of $49 ones though. MSI Viking is an official Mitutoyo retailer, so hopefully can be trusted to be selling "real" Mitutoyo. BTW they do sell used and refurb equipment through an ebay store as well.

Full disclosure I bought a caliper from MSI Viking, when I started to learn how wide spread counterfeit Mitutoyo was, yeah it was more than ebay or Amazon, but at least I know I'm getting what I'm paying for and calipers are relatively cheap.

 

[7milesup]

It helps to know the value. I think some is sellers not knowing, and assuming it must be worth more, and some is sellers hoping buyers don't know. Of course auctions add in bidding frenzy.

I've noticed a couple of mini-lathes on CL recently ranging from barely discounted to more than new. One in particular was a nameless 7x14, seller was asking $500, you can find dozens of the exact same nameless lathe on ebay for $476 with free shipping.

Of particular concern buying used Mitutoyo is the fakes, not so bad if you buy a cheap new one that is a fake (many are apparently still pretty good, and as long as you didn't pay a new real price I guess not a bad deal), but I would worry about getting a used fake and paying a used real price (I'm sure there are people buying fakes, then selling them as used real). When certified dealers have 6" Mitutoyo calipers on sale for $111, and ebay is full of "new" ones for $49 it is not hard to imagine people are buying these, adding a little wear and then selling "lightly used" for $82.

MSI Viking 6" Mitutoyo caliper

Ebay $49 "new" Mitutoyo 6" Caliper

Ebay $82 "used" Mitutoyo 6" caliper

Not singling out these ebay sellers as fraudulent, that used one might be completely legitimate. There are a bunch of $49 ones though. MSI Viking is an official Mitutoyo retailer, so hopefully can be trusted to be selling "real" Mitutoyo. BTW they do sell used and refurb equipment through an ebay store as well.

Full disclosure I bought a caliper from MSI Viking, when I started to learn how wide spread counterfeit Mitutoyo was, yeah it was more than ebay or Amazon, but at least I know I'm getting what I'm paying for and calipers are relatively cheap.

I appreciate you posting this. I was actually looking at some of those eBay ones and thinking... "Too good to be true". Most likely are. Such a shame that there are so many scammers out there. Seems like so many things are becoming scam items.
Just checked out MSI. They have a good price on the 6" Mitutoyo, but I was looking to get the 8" but there is a huge price jump for that extra 2".

I have purchased a few things on auctions over the last few years. Most recent was that wood shaper that I posted about. When I was talking to the office gal at the auction house I made a comment about how high the prices are. She said that they are routinely starting to see people paying more than new for items. It seems like this is a recent phenomenon, at least for the online machinery and machine tools auctions.