Floyd, Iowa – With auction season in full swing, many auction houses are having to hold their sales online only.
While online bidding has been part of the auction process for several years, right now it has become the only way auctions can be held during the COVID-19 crisis.
Scott Wright, owner of Wrightz Auction Company in Floyd, held his first “online only” auction this past Monday.
When contacted by KCHA News, Wright said, “Having the auction 100% on line is a bit of unchartered territory for our sales. Fortunately we have an on line presence on each of our sales with 50 or more items so the platform had been established and we were able to simply expand the scale of items to be sold.”
He went on to say that what they saw as a result of the sale on Monday, as well as other sales he has watched on line in the last two weeks, is that the on line selling platform has not negatively affected the prices of items sold.
He added that the used farm machinery equipment market continues to remain strong in these unsure times. Hopefully that continues to be the case as the country works through this Corona Virus event we are dealing with”
The next sale at Wrightz Auction is slated for Saturday, May 2nd, which is just two days after Governor Reynold’s current date of ending social distancing. Wright said he will have to take that sale as it comes and make some decisions in the coming days as to whether he will proceed with it being held at the sale yard or if he will need to hold it online.
Wright said he looks forward to things getting back to normal and having a crowd presence at the auctions.”
More information on Wrightz Auction can be found at their website – wrightzauctionco.com.