Online auctions

News from the Lincs Free Press and Spalding Guardian, spaldingtoday.co.uk, @LincsFreePress on Twitter
News from the Lincs Free Press and Spalding Guardian, spaldingtoday.co.uk, @LincsFreePress on Twitter
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Auctioneers Brown & Co, which has an office in Spalding, reported that well in excess of £615,000 bids were made in its latest online farm auction.

Out of 270 lots, around 60 per cent of them sold for in excess of their reserve price.

The company says there is a large demand for the online auction from farmers struggling to find a suitable avenue to sell their farm machinery because of the reduced number of farm dispersal sales. The auctions avoid the need for transporting machinery to sales.