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 Post subject: Re: Indiana Transportation Museum Given until July 12 to Mov
PostPosted: Mon Sep 09, 2019 3:38 pm 

Joined: Mon Mar 20, 2017 5:26 pm
Posts: 402
Location: Pure Michigan
Steamguy73 wrote:
I’m sorry to see this. But you can’t be angry at either Fishers or Indianapolis for the irresponsibility of ITM and how they operated and ran their business. As much as I hate seeing this, I can’t push the narrative of “local museum defenseless against city” idea.

Maybe one day Fishers in particular will see the error in their ways and maybe try to create a relationship with the new organization up north, operating from Atlanta to Noblesville. But until then, this part of line was subject to a tragic fate, by an organization that didn’t care for it until it’s last moments, and a suburb that was finally fed up with that organization and it’s wrongdoing.


Amen!


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 Post subject: Re: Indiana Transportation Museum Given until July 12 to Mov
PostPosted: Tue Sep 10, 2019 1:15 pm 

Joined: Fri Mar 26, 2010 11:43 am
Posts: 615
The auction format might be insane, and the requirements might be overbearing. But the warning is probably real, bid or they get cut.

https://ozarkmountainrailcar.com/auctions.php


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 Post subject: Re: Indiana Transportation Museum Given until July 12 to Mov
PostPosted: Tue Sep 10, 2019 2:34 pm 

Joined: Sat Nov 28, 2015 7:28 pm
Posts: 372
Location: Northern WV
Pegasuspinto wrote:
The auction format might be insane, and the requirements might be overbearing. But the warning is probably real, bid or they get cut.

https://ozarkmountainrailcar.com/auctions.php



If this was a real estate auction, the term "handyman special" would apply.

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Roger Cole


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 Post subject: Re: Indiana Transportation Museum Given until July 12 to Mov
PostPosted: Tue Sep 10, 2019 3:07 pm 

Joined: Sat Oct 17, 2015 5:55 pm
Posts: 861
No one has bid anything for anything yet.
https://ozarkmountainrailcar.com/auctions.php


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 Post subject: Re: Indiana Transportation Museum Given until July 12 to Mov
PostPosted: Tue Sep 10, 2019 8:35 pm 

Joined: Sun Aug 22, 2004 1:51 pm
Posts: 9262
Location: Somewhere north of Prescott, AZ on the Santa Fe "Peavine"
As a veteran of both live auctions and online "auctions," I could be pedantic and point out that neither Ozark nor eBay are properly, legally "auctions."

True auctions end when the bidding ceases, not when a clock runs out.

Professional online auctions of things like government surplus, industrial liquidations, etc, realize this, and some are obligated (by law in a couple cases, to meet the legal definition of an auction) to have software that automatically extends bidding 15 or 30 minutes after the last registered bid is posted. This avoids the frenzy of last-second "sniping" so popular on eBay, and gives bidders who may be bidding five or six figures in dollars or pounds the chance to catch breaths and reassess their desire and bids.

In an interview reported today at Trains Newswire, however, a representative of Ozark Mountain Railcar said:

Quote:
Susheck added, however, that it is normal for there to be no bids placed at this point in an auction. The auction got underway Monday morning and will conclude at 7 p.m. CST Wednesday, Sept. 11. Susheck says it's common for bidders to wait until near the end. “Every auction we've ever done has gone this way,” Susheck says. “Everyone is afraid if they place a bid now, someone would outbid them. It's always at the last minute that everyone places bids. It's kind of annoying, but that's the way it works.”


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 Post subject: Re: Indiana Transportation Museum Given until July 12 to Mov
PostPosted: Wed Sep 11, 2019 4:52 pm 

Joined: Sat Oct 17, 2015 5:55 pm
Posts: 861
Two wood boxcars and one MILW reefer have their reserves met, a PRR boxcar has a $1000 bid but reserve not met, no one has bid on anything else, two hours left if they are using Central time I believe. I actually wonder if you are required to make a first bid of $1k on a boxcar with a $500 reserve price, someone may have overbid.

https://ozarkmountainrailcar.com/auctions.php


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 Post subject: Re: Indiana Transportation Museum Given until July 12 to Mov
PostPosted: Wed Sep 11, 2019 7:05 pm 

Joined: Sat Oct 17, 2015 5:55 pm
Posts: 861
One more hour? Still shocked no one has bid on the two Fs, the cab unit needs a flywheel. The thing is the bulk of the cost is transporting them out of there, which would likely be roughly the same as the boxcars.


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 Post subject: Re: Indiana Transportation Museum Given until July 12 to Mov
PostPosted: Wed Sep 11, 2019 8:02 pm 

Joined: Sat Oct 17, 2015 5:55 pm
Posts: 861
That's it. The good news is the Pennsylvania RPO, MILW reefer, and two wood boxcars all sold. Everything else is lost.


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 Post subject: Re: Indiana Transportation Museum Given until July 12 to Mov
PostPosted: Wed Sep 11, 2019 10:00 pm 

Joined: Wed Jan 20, 2016 1:15 pm
Posts: 474
Sad to see the F units and the coaches and pullman go... but at least the RPO is safe and the wooden box cars.


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