| Author |
 Topic Search  Topic Options
|
DanWi 
Orange Level Access
Joined: 18 Sep 2009
Location: wttn
Points: 1936
|
 Post Options
 Thanks(0)
 Quote  Reply
 Posted: 24 Aug 2016 at 10:18am |
|
I agree with Scott appraisal auction to settle estate. We had one here in our neighborhood last year, But at least it was more legit, the remaining partner went on line and bid like all the other bidders. Many items stayed on the farm, no different then going to a live auction and bidding against a relative or neighbor. But this does suck if you think you had the winning bid and then get notified that it was a no sale. Then it should have been advertised with a reserve or like land sales with owners approval
|
 |
|
Sponsored Links
|
|
|
Fred in Pa
Orange Level
Joined: 13 Sep 2009
Location: Hanover Pa.
Points: 9210
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 10:52am |
|
The TRUTH will NEVER be known .To many fingers being pointed back and forth .
|
|
He who dies with the most toys is,
nonetheless ,still dead.
If all else fails ,Read all that is PRINTED.
|
|
one54dodgetruck
Silver Level
Joined: 25 Jul 2011
Location: Chehalis, wa
Points: 399
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 10:53am |
|
Does anyone know if it happened?
|
|
2 WDs
B
B112
D14
D15 shuttle
180
185
7040
Hd7w
D14
D15
185
7040 pd
|
|
hillmonkey
Orange Level
Joined: 03 Apr 2010
Location: oville fl
Points: 417
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 11:36am |
|
The second pic in DanDs link to Ag talk pic shows the FWD 220 being driven home. Hmmm
|
|
aras
Orange Level
Joined: 28 Jul 2011
Location: Weston, WI
Points: 665
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 11:58am |
 hillmonkey wrote:
The second pic in DanDs link to Ag talk pic shows the FWD 220 being driven home. Hmmm |
The first pick up time was not until Wednesday??
|
|
CTuckerNWIL
Orange Level
Joined: 11 Sep 2009
Location: NW Illinois
Points: 22825
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 12:35pm |
DanWi wrote:
Then it should have been advertised with a reserve or like land sales with owners approval |
But she wasn't the owner so how could she set a reserve or not approve the bid?
|
|
|
|
Tcmtech
Orange Level
Joined: 15 Apr 2015
Location: Minot ND
Points: 310
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 12:44pm |
You never know what some people are thinking when it comes to this sort of stuff.
Years ago when my parents got divorced Mom got greedy and forced Dad into running all his horses through public auction to determine their fair market value Vs just taking a cash offering from Dad directly which meant Dad had to sit at the auction all day and bid to get his own animals back.
Surprisingly other than the work of getting them there and back Dad came out rather well! He bought back the animals he wanted to keep plus dumped the duds for next to nothing and in the end the fair market value was about half what he had offered Mom as a cash settlement plus she ended up swallowing half the costs involved behind the auction as well out of it putting her take way under half Dad's original offering!
Then to add idiocy onto stupidity driven by sheer spite and anger she took him to court and sued him for half of the loans they had at the time of the divorce figuring she would at least cash in on those if nothing else.
Sure enough the judge, shook his head in bewilderment when done with the court session, sided with her that she most certainly had the legal rights to take half the loans (worth $10's of thousands in Negative asset value) on herself (But why?) which ultimately knocked her back even further! 
All said and done I think she came out with about 1/5 to 1/4 of what she could have gotten had she kept her mouth shut and taken what was offered to her up front. 
Edited by Tcmtech - 24 Aug 2016 at 12:45pm
|
|
steelwheelAcjim
Orange Level
Joined: 06 Dec 2009
Location: Blissfield,Mi
Points: 1257
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 12:55pm |
|
I've been an Auctioneer for over 25 years now. I strive to be honest and transparent as much as I can. I am old fashioned though. That is why I still prefer to conduct live, in-person auctions instead of internet style. No malarkey! No buyers punishment fees! You will see the other bidders against you on an item. Sales will still have reserves, sellers confirmations, or items pulled before the sale, but you at least can witness it happening in person.
|
|
Pre-WW2 A-C tractors on steel wheels...because I'm too cheap to buy tires!
|
|
steelwheelAcjim
Orange Level
Joined: 06 Dec 2009
Location: Blissfield,Mi
Points: 1257
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 1:01pm |
Can someone explain either here or in another thread what the story is??
Was this an Estate? Divorce? Family squabble? If Ms. Fanetti didn't own them, what court ordered her any right of refusal?
|
|
Pre-WW2 A-C tractors on steel wheels...because I'm too cheap to buy tires!
|
|
CTuckerNWIL
Orange Level
Joined: 11 Sep 2009
Location: NW Illinois
Points: 22825
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 1:09pm |
steelwheelAcjim wrote:
Can someone explain either here or in another thread what the story is??
Was this an Estate? Divorce? Family squabble? If Ms. Fanetti didn't own them, what court ordered her any right of refusal?
|
Just a jumbled up mess it seems to me. https://www.wicourts.gov/ca/opinion/DisplayDocument.pdf?content=pdf&seqNo=110527
|
|
|
|
aras
Orange Level
Joined: 28 Jul 2011
Location: Weston, WI
Points: 665
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 1:11pm |
|
It was in a revocable trust -- that's about all I can share with certainty. My gut feeling is the nephews are little -------- And could care less about Allis Chalmers!
Edited by aras - 24 Aug 2016 at 1:12pm
|
|
Krazy Karl
Silver Level
Joined: 12 Sep 2011
Location: SE MN
Points: 203
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 2:32pm |
|
On the flip side how many tractors did the nephews buy back that. We don't know about It's a shame people can't get along and think. How would don have liked it done
|
|
steve(ill)
Orange Level Access
Joined: 11 Sep 2009
Location: illinois
Points: 88101
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 2:52pm |
|
So the old man and woman owned $24 million worth of "stuff" and decided to give it to the two nephews when they died... The old man dies and the two kids decide to screw the old lady and get more sooner... right ? Originally they had NOTHING.
Edited by steve(ill) - 24 Aug 2016 at 2:53pm
|
|
Like them all, but love the "B"s.
|
|
mdm1
Orange Level
Joined: 12 Sep 2009
Location: Onalaska, WI
Points: 2682
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 4:13pm |
|
I doubt any of us will ever know what really happened or how Don wanted it to happen. Maybe she wanted the tractors because oF Don. Who knows who the bad guy is. Some days it's not bad not having much!
|
|
Everything is impossible until someone does it! WD45-trip loader 1947 c w/woods belly mower, 1939 B, #3 sickle mower 1944 B, 2 1948 G's. Misc other equipment that my wife calls JUNK!
|
|
Larry W.
Silver Level
Joined: 07 Nov 2010
Location: Luck, WI
Points: 282
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 4:25pm |
|
This whole think stinks of bullsh@t going on!! Surely with all the Allis guys on this site, we should know where these tractors are going if they actually sold? If the 220 fwa, and d21, etc are being "driven home" I say bull, they're going into hiding!
|
|
Carl(NWWI)
Orange Level
Joined: 13 Sep 2009
Location: NW WI
Points: 955
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 5:22pm |
|
I kind of agree, some one on here should have chimmed in by now and said they bought something, especially off this auction.
Originally the collection was suppose to be open for a museum, but things started disappearing so she put that idea into the trash can.
|
|
DougS
Orange Level
Joined: 03 Nov 2011
Location: Iowa
Points: 2490
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 5:31pm |
|
If they published the reserve or set a minimum bid the auction wouldn't be setting market value of the tractors that nobody bid on. If that was the intent of this auction.
|
|
ILGLEANER
Orange Level Access
Joined: 13 Sep 2009
Location: Willow Hill,ILL
Points: 6448
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 5:34pm |
|
If you have been there. Me and Austin was about a month ago. She lives just down the road, from where the tractors were being stored at the farm, in a mansion on a hill top. (And l ain't talking about the Gospel song). I read all the court papers. My opinion, is there are greedy nephews, wanting there inheritance, before there supposed to get it. Why would you sell them if ya got them gave to you ? Come on !!!!!
|
|
Education doesn't make you smart, it makes you educated.
|
|
Larry W.
Silver Level
Joined: 07 Nov 2010
Location: Luck, WI
Points: 282
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 5:36pm |
|
You are right carl! I know if I could have afforded that 6070 or 220, you can darn well bet I would have posted about it by now!!
|
|
Larry W.
Silver Level
Joined: 07 Nov 2010
Location: Luck, WI
Points: 282
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 5:39pm |
|
John, I think you're right. But the auction was actually a sham, not a real auction, don't you think?
|
|
JayIN
Orange Level
Joined: 18 Dec 2009
Location: SE/IN
Points: 1982
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 7:16pm |
|
Seems like some locals would know the real story. I am surprised someone from this site isn't from Dunn Co. and knows the REAL score.
|
|
sometimes I walk out to my shop and look around and think "Who's the idiot that owns this place?"
|
|
angusguernsey
Bronze Level
Joined: 13 Apr 2014
Location: Menomonie, WI
Points: 35
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 7:33pm |
|
I live about 8 miles or so from the farm, and knew Don just enough to be called an acquaintance and knew the farm manager a bit better. Don had a "bigger than life" type of personality and was a genuine character. I met his wife once or twice, but not enough to know her by any means.
I don't think anyone knows all the details, even among the family.
In this particular case a lot of family dynamics have been laid bare for the world to see. I know that it makes for juicy gossip and lots of "what ifs", but in essence it's a family matter and who among us would like our dirty family laundry aired in public like this?
|
|
D-17 series 1, AGCO mower. Grew up on a long line of A-C, but can't claim as my own.
|
|
lentsch
Silver Level
Joined: 10 Feb 2011
Location: Glencoe,Mn.
Points: 236
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 7:39pm |
|
I bought the 8010 but will not be able to go after it until Sat. Hopefully all goes OK. Hager did email an invoice- I will call them tomorrow.
|
|
ac45dave
Orange Level Access
Joined: 23 May 2015
Location: SE(IN)
Points: 1346
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 8:09pm |
angusguernsey wrote:
I live about 8 miles or so from the farm, and knew Don just enough to be called an acquaintance and knew the farm manager a bit better. Don had a "bigger than life" type of personality and was a genuine character. I met his wife once or twice, but not enough to know her by any means.
I don't think anyone knows all the details, even among the family.
In this particular case a lot of family dynamics have been laid bare for the world to see. I know that it makes for juicy gossip and lots of "what ifs", but in essence it's a family matter and who among us would like our dirty family laundry aired in public like this?
|
I'sure don was a great fella.as far as the family dirty laundry,THEY drug out the battle in court for the last six plus years and couldn't agree.that leaves a lot of public record out there to be seen.sensible heads should have prevailed long ago and this wouldn't have ever been an issue.and then have a public auction,that just brought the general public into it,so i can't feel too bad for either side as far as the dirty laundry issue.
|
|
54 wd-45gas ; 56 wd-45d N/F w/fact p/s ; 63 d-17 sIII N/F gas ; 60 D14 N/F ; 67 d-17 sIV N/F gas ; 63D15 sII W/F; 39rc#667 ; 2021 massey 4710 fwa ; gravely 2 wheel tractors
|
|
cottonpatch
Silver Level
Joined: 17 Nov 2010
Location: VIRGINIA
Points: 285
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 8:10pm |
|
The winners in these estate squabbles are the attorneys. They are more than happy to keep it in the courts. Greed is a sin. Pretty sad reading that court opinion. It's a shame.
|
|
'52 CA, '61 D10 II, ‘61 D15, '66 D15II, '63 D17D III, ‘69 170, '73 185 Crop Hustler, '79 185, '79 7000, '77 7040
|
|
EPALLIS
Orange Level
Joined: 12 Sep 2009
Location: Illinois
Points: 1154
|
Post Options
Thanks(0)
Quote Reply
Posted: 24 Aug 2016 at 9:58pm |
|
Good grief. What a convoluted court case. And all the A-C tractors caught in the middle. What a tragedy.....
|
|
Nathan (SD)
Orange Level
Joined: 11 Sep 2009
Location: Day County SD
Points: 1281
|
Post Options
Thanks(0)
Quote Reply
Posted: 25 Aug 2016 at 1:37am |
|
I predicted this finale back on june 3.
http://allischalmers.com/forum/forum_posts.asp?TID=123995&KW=&PID=1016274&title=last-allis-tractor#1016274
|
|
JC-WI
Orange Level Access
Joined: 11 Sep 2009
Location: wisconsin
Points: 34352
|
Post Options
Thanks(0)
Quote Reply
Posted: 25 Aug 2016 at 2:21am |
http://allischalmers.com/forum/forum_posts.asp?TID=123995&KW=&PID=1016274&title=last-allis-tractor#1016274" I suspect only a few of Don's tractor will actually see new owners.
I can't prove it, but just a feeling I have.
Fake auction is the only way to put a value on them." Just think of the cost it was to put a value on them... wow...
|
|
He who says there is no evil has already deceived himself
The truth is the truth, sugar coated or not. Trawler II says, "Remember that."
|
|
JayIN
Orange Level
Joined: 18 Dec 2009
Location: SE/IN
Points: 1982
|
Post Options
Thanks(0)
Quote Reply
Posted: 25 Aug 2016 at 3:18am |
|
Yes, JC(WI)
You hit the nail on the head!
|
|
sometimes I walk out to my shop and look around and think "Who's the idiot that owns this place?"
|
|
DiyDave
Orange Level Access
Joined: 11 Sep 2009
Location: Gambrills, MD
Points: 54250
|
Post Options
Thanks(0)
Quote Reply
Posted: 25 Aug 2016 at 5:32am |
|
Old saying, where there's a will, there's a lawyer...
|
|
