help! need to know what i should bid!

[Kracin]

My work is having a silent auction to get rid of some old equipment, two notable pieces are a propane powered lincoln weldanpower 150. its seen better days, it was used for a while, then sat dormant for 15 years or so, not sure how often it was run in between because the plant purchased a newer propane lincoln to replace it and never did anything with it, so it sat in a storage area for a while. it's a complete machine, but most likely needs a complete overhaul before trying to fire it up again, has leads and everything.


the other is a jet end mill pretty sure it is close to a jmd-18. single phase wired for 110v. operates perfectly but the 2 axis base needs to be disassembled and cleaned out. comes with quick collets of many sizes.





there is no starting bid, but its silent so you can loose something by a dollar and not know it. the bonus is that it's open to everybody but only a few people know what the stuff is really worth, and a lot of good old vintage items that go up for silent auction in the plant go for dirt cheap because people don't pay attention to the message boards or even care for "old junk".



don't have any pictures of them right now, didn't think to take pics of nameplates and information before they got stuck away for the auction, i may go to the storage area and grab some pics before the auction happens so i can strategize how much i should realistically bid.

thanks.

 

[txvwnut]

Figure a price you are willing to pay as if it was for sale on classified ad and then bid away, if someone outbids you then at least you know what they paid plus a little more.

 

[stikman56]

Figure a price you are willing to pay as if it was for sale on classified ad and then bid away, if someone outbids you then at least you know what they paid plus a little more.

I second that. Pay every last dollar you are willing to. You either win the auction, or not. It's my rule for myself when I bid. That way, I never regret not bidding enough if I don't get something.

 

[404]

Bang whomever is collecting the bids.

 

[larry_g]

267.45 on the mill, 234.67 on the welder.

lg
no neat sig line

 

[Lx460]

Bid it up "Price is Right" style...bid a dollar on everything they have. Bound to go home with something.

 

[Rebell]

Just start it low and hope every one else is not paying attention and Mab you will walk away not spending much and have a few new toys just know your cut off and start low

 

[Lx460]

Just print this out and start slipping them under everyone's windshield wipers.

 

[gol4]

Damm Lx460, That cracked me up.

Whats makes it better is the effort you went to to make the sign.

 

[Kracin]

printing sign now...





but really, yeah that seems to be the case is to just bid whatever you think is your highest you'd like to pay within reason, but i don't want to underbid or overbid on a realistic price for an older welder like that, is it safe to assume that the welder is still a $800 rig even if it needs work? what would one expect to pay for a mill like that in used and needs some repair condition?