here is an auction going on in your neck of ;the woods:
Bid Live at Cincinnati Industrial Auctioneers's Allen Tool Company auction
In Ohio. remember to bid much lower than you would normally spend. For instance if you would pay 1000$ for one of those three lathes, then hyou need to pay about half that as hyou are going to be first get your cost jacked up by 18% for the bid-master (auctioneer) who wants HIS cut, 2nd yu will be charged a loading fee (the guy with the forklift needs HIS cut), next you will be charged for transportation unless you pick it up yourself. On top of ALL this, you get what ever tax the locals charge. It ends up being a LOT more than you might expect.
In this auction I might happily pay 1000$ for this lathe:
Lot 53 at Allen Tool Company from Cincinnati Industrial Auctioneers.
If I was going to pick it up myself. But notice: the auctioneers always take the standard equipment and sell it separately. That is, only ONE chuck will go with it and NO tool post! and no small standard tools such as drill chuck and live and dead ends. (I'm surprized they don't take the tail stock off and sell it separately.) So getting the tooling you need comes separately. that make the whole thing worth less. Evsen so, you can still get excellent deals but you MUST be aware of the Auctioning trix.
Another thing, is the auctioneers are rather pushy (really, they have to get out of the building in a certain time) about getting the stuff out by a certain time--naturally you can't get it early and have only a coup.le days to do so. So if you have a truck ready, no problem but if you don't you have to arrange all that too. Also, say you got a lathe or a mill-- yuou need to know the weight! As you might be able to pick up something 1500 lbs in your pickup truck, but not something 2000lbs unless you have only to drive it a coupl.e miles (very slowly)> You have to keep all these things in mind when doing auctions. Also, the auctioneers demand payment on a day or two after the auction is over.