I just finished a major catalog and appraisal of an antique outboard motor collection. The collection had more than 100 motors. Most of the motors were pre-WWII with a few newer models mixed into the bunch. As we undertook this mission, it was important to gather the necessary tools for the job. After discovering how difficult it was to find one useful guide or repository, I decided I should write this post to help the next person that goes in search of information about antique outboard motors.

The motors in this collection consisted primarily of the brands Elto, Evinrude, Johnson and Mercury. There were a few other brands mixed in such as Champion, Neptune, and the like. However, 90% of the collection was the aforementioned brands. Armed with that information, I decided it was best to find model and serial number information for the motors. After many time consuming searches, I found several resources that had what I needed.

OldMercs.com has an index of motors manufactured by Mercury up to 1979. This proved helpful for the handful of Mercury outboard motors we had in the collection. From the list, we  easily identified year of manufacture, horsepower, model and designation (or model name).

In regard to Elto, Evinrude and Johnson. I had a few things working in my favor. First my research revealed that Evinrude and Elto were both founded by Ole Evinrude (in 1907 and 1921 respectively), and that they merged into one company (Evinrude) in 1929. I also learned that Johnson was eventually acquired by Evinrude (1936), and today Evinrude is a Bombardier Recreational Products company. So I started my research at their website, and noticed in the upper right hand corner of their site a link to a model year guide [note, it's a pdf]. The guide amazingly has every model of outboard motor made by Evinrude, Elto and Johnson since the beginning and includes horsepower and date of manufacture information.

As you can see, my task became much easier. In the cataloging stage, all we needed to find was the model number or serial number of the motor along with the make and we could easily find the date of manufacture, horsepower and other pertinent information.

After the catalog was complete, we needed to value the motors. For this we turned to a handy reference book – The Old Outboard Book. The book is full of information on all antique outboard motor manufacturers. Plus, best of all, it includes a price index on most manufacturers and a handy index of model numbers, serial numbers and dates of manufacture. It’s definitely a staple in our collection of reference books, and a must have for anyone that deals with antique outboard motors.

The task of valuing and researching the outboard motors was shaping up to be a tedious one. However, once I had the resources in place the task became much easier. As I mentioned at the beginning, I hope this information helps you in identifying and valuing your antique outboard motor. If you find yourself needing help, feel free to drop me a line. In the meantime, happy motoring!

It’s becoming increasingly common for auction companies to offer online bidding at their auctions. There are a multitude of types of auctions with online bidding. However, I’d like to focus on live auctions that have an online bidding component (i.e. pre-bidding, live bidding, or a combination thereof). In particular, I’d like to examine the registration requirements of two fictitious bidders at an auction with live online bidding. Let’s call the bidders Online Guy, and Onsite Gal. The auction can be of any asset class you’d like, for arguments sake it doesn’t matter.

Online Guy and Onsite Gal both come across an auction that they’d like to attend. They both notice it has online bidding. Onsite Gal has an entire day to spend at the auction. Online Guy on the other hand is taking care of his two toddlers, and finds it more convenient to stay at home than go to the auction with the two toddlers. Online Guy still wants to participate so he decides he’ll bid live online from his home.

Let’s examine the registration process for each bidder.

Onsite Gal
Onsite Gal shows up about twenty minutes before the auction is to begin. She heads over to the clerking trailer and asks for a bidding number. In most cases, the cashier asks for a picture ID. In exchange for the information on the ID, and verification that Onsite Gal is really who she says she is, Onsite Gal is given a bidding number. When Onsite Gal makes a purchase and is ready to leave she is asked to stop and make payment with the cashier. Payment can be in the form of cash, check, or credit card, and once payment is made, she can take her purchases home. However, there is nothing stopping Onsite Gal from leaving the auction with her purchases and not paying.

Online Guy
Online Guy registers a few days before the auction is to begin. He logs in online, and is asked for his address, multiple phone numbers, credit card information, and in some instances is required to provide a bank letter of credit. In exchange for this information, the auction company issues a bidding number. When Online Guy makes a purchase, he is emailed an invoice, and his credit card is typically processed for the purchase (in some instances alternative arrangements are made). Only once payment has been secured and verified as in the account of the auctioneer is Online Guy allowed his purchases. In addition, every transaction that Online Guy makes is tallied and tracked. His complete purchasing history and payment history is logged in a database.

Something Doesn’t Add Up
Somewhere along the line, because we can look a buyer in the face, we’ll give them a credit card (i.e. bidder’s number) with no credit limit, allow them to take their purchase home prior to verification that the funds are good (i.e. bounced check). However, in instances where we can not look a buyer in the face, we require additional safeguards, and in actuality have more historical data about the online buyer (i.e. purchase and payment history) than the onsite buyer. Somehow that just doesn’t add up, and in fact seems backwards.

Auction companies need to apply the same set of registration terms to both online and onsite bidders. In fact, approving an online bidder to participate in your auction that has a history of purchasing and paying for items is safer than handing bidding numbers out to anyone that produces a valid photo ID in person. By overly restricting online buyers, auctioneers are dampening the impact online buyers will have on the bottom line of an auction, and are not serving the seller’s best interest.

I’m currently President of the Minnesota State Auctioneers Association, serve on a variety of state committees, serve on an advisory board to Proxibid, and serve the National Auctioneers Association on two committees (technology and futures). Within this myriad of roles, I’ve recently had the opportunity to look to the future and prognosticate what it will look like. I’ve got to admit, it’s near impossible to tell. However, in the past months and especially in the last week, I keep coming back to an idea about how to structure an association. I’m not sure if it would ever work. Yet, it’s just crazy enough that it might work better than one could imagine.

Couple the crazy idea with my current reading of What Would Google Do? by Jeff Jarvis, and I’ve got a recipe for an association that might just be radical enough to work, or just radical enough that it would fail due to lack of revenues. I’m not sure, and figure this is a great place to get my thoughts out onto paper for your commentary.

So, let’s begin.

First, let’s get the assumptions about associations out of the way. As associations, we’re driven primarily by membership dollars raised through annual dues. We provide value by offering educational offerings through conferences and seminars (at an extra cost above membership dues), and provide monthly periodicals (digital in some cases, print in others) that seek to provide education (included in the membership dues) through articles. We’re inherently afraid that if we give our educational content away, members will have no reason to belong, and will stop paying dues. As a result, all information is locked behind the proverbial membership wall. Plus, if you want to access past educational offerings, you need to pay extra for that (in the form of DVDs or online streaming). All areas that can be tapped for revenue, even if it’s not practical, is exploited.

Now, let’s scrap the model and start over. Let’s assume we’re starting from a complete clean slate, could do what we wanted, and had ample capital to form the basis for our association. Here’s how I would envision the structure.

Members would pay a modest fee. In return they would receive a monthly, or bi-weekly, educational offering digitally. Perhaps once a month it was a newsletter containing informative articles, and the other instance a month was an educational podcast. The association would use it’s membership as the basis for the educational offerings, and use the sphere of influence of its members to find additional educational topics and speakers. There would be an annual conference, and additional symposiums throughout the year. These additional offerings would be premium in nature, and delve deep into the business. All educational offerings not offered at conference or a symposium would be available to anyone – member or not. Additional educational articles would also be written on a twice weekly basis. All this content would be on a site specifically linkable, commentable (sic), shareable, and fully archived.

This model would serve many purposes. It would encourage auctioneers to congregate online at one source for educational offerings and discussions. The association would truly be serving the industry, and not just the member population of the industry. In addition, auctioneers and non-auctioneers would look to the site for informative guidelines, information and education about the auction industry. The association would gain influence and relevance that is lacking in the “hide behind the member wall” mentality.

You may be asking, why would you want to be a member? Simple. The educational offerings offered to all comers would be top notch but pale in comparison to the in-depth, rich aspects of the educational offerings offered to the members. Members would also have access to additional member only educational offerings, and in depth offerings by leading experts from within and outside of the industry. Only members could attend the conference and additional symposiums, and all conference and symposium education would be archived for members to access at any time at no additional charge but not available to non-members.

The short term and long term implications may be that association membership numbers dropped considerably. However, the influence of the association would increase as the entire auction community began to look to one source for information. The more and more I read and interact with the social aspects of the web, and look to the future and see a world based on social interactions and relationships, I can’t help but wonder if the application of a more porous membership wall would lead to a more unified, influential standing within the community.