Auction Roundup for April 16, 2009 – Auctions are strong in weak economy

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– Peter R. Kiko of Kiko Auctioneers and Realtors of Canton, Ohio, held an absolute real estate auction March 27 for Phillip and Jennifer Stone.

The 282-acre farm in Burbank, Ohio, was offered in 13 parcels and then in combinations and finally sold as a whole for $1,516,000.

– Auctioneer Joe Herr of Herr-a-cane Auctions of New Galilee, Pa., held an auction April 4 in McKeesport, Pa., with a crowd of a couple hundred in attendance.

Prices were good and held throughout the whole auction and the seller said the total was double what he expected.

There were tools and construction equipment along with quite a few antiques and collectibles.

All the construction pieces did well with good ladders bringing $300 and several saws and jointers brought $300 to $400; a jack hammer sold for $500; an air compressor brought $660 and a Honda three wheeler brought $700.

On the collectible side, a Seeburg jukebox, not in working condition brought $525 and lots of collectibles sold in the hundreds.

Herr added the current economic conditions and credit crunch had an impact on the way the buyers paid. His company normally averages 30 percent or more payments with credit cards and this sale was the best they have had in a long time as far as the prices, but less than 10 percent was paid through credit card with everything else being paid by cash or check.

Jim Thomas Auctions of Akron, Ohio, conducted a two-day estate auction with a premier doll collection April 3-4 at Auction Expo in Burbank, Ohio.

This lightly attended doll auction realized solid prices across the board. Thomas felt the prices were strong in the weak economy.

The top lot was Schoenhut 14-inch girl that sold for $850.

Broken into several different lots, a collection of doll clothes realized more than $3,000.

Other highlights included a black Terri Lee doll for $750, a Schoenhut girl with carved braids for $575, a Sasha “party” doll for $450, a Schoenhut boy doll for $400 and a Madame Alexander “Jaqueline” for $400.

Auction Roundup is a free weekly feature offered by Farm and Dairy. Any auctioneer interested in submitting information from a recent farm, household, real estate or antique/collectible auction that was advertised in Farm and Dairy should e-mail aslanker@farmanddairy.com, fax 330-337-9550 or call 800-837-3419. Auction reports should be brief and are subject to editing based on available space.

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