Last surviving live auction (allegedly)

[Tobaccofieldsforever]

I was wondering if anybody could help me understand what is going on during this auction. The price is per pound I believe so it must be cents? Also, it seems like that guy is setting the price as they go based on what? I’m just a little confused and curious.

View: https://youtu.be/ign_GgAthYA

 

[deluxestogie]

That video is from 2012. "The Last Surviving" refers only to flue-cured leaf. Here is my video of the same auction house from 2019, when I was there with Don.

Each bale is marked with a minimum price per pound. The auctioneer starts with that price. Replies from the bidders may be verbal, the flick of a finger, the nod of a head, or simply a wink. Each bale ranges from 500 to 800+ pounds. A bale that sells at $2 per pound is what the winner pays for the bale at the warehouse. The buyer then must arrange for and pay the loading and shipping costs to the warehouse of the company purchasing the tobacco. The purchasing company must then pay the labor of breaking down the bale, sorting it, discarding the defective material, and repackaging, redistributing it.

Bob

 

[Homegrowngoodnes]

Only 800 lbs or less. The 2 of u could load that easily! Lol probably how i broke my back over the years.

 

[deluxestogie]

Here's the original thread of my auction visit.

Old Belt Farmers Co-op Tobacco Auction 15 OCT 2019

I had the privilege of accompanying Don at a tobacco auction in Rural Hall, North Carolina, today. The Old Belt Farmers Co-op tobacco auction is one of the few remaining in the country, and the northernmost flue-cured tobacco auction that I know of in the US. [Danville, Virginia exists only...

fairtradetobacco.com

Bob

 

[Tobaccofieldsforever]

That video is from 2012. "The Last Surviving" refers only to flue-cured leaf. Here is my video of the same auction house from 2019, when I was there with Don.

Each bale is marked with a minimum price per pound. The auctioneer starts with that price. Replies from the bidders may be verbal, the flick of a finger, the nod of a head, or simply a wink. Each bale ranges from 500 to 800+ pounds. A bale that sells at $2 per pound is what the winner pays for the bale at the warehouse. The buyer then must arrange for and pay the loading and shipping costs to the warehouse of the company purchasing the tobacco. The purchasing company must then pay the labor of breaking down the bale, sorting it, discarding the defective material, and repackaging, redistributing it.

Bob

Very Cool! Thank you!!