If you have heavy industrial equipment that you’re no longer using, or are looking to upgrade your facility, an online industrial auction can be a great way to save money and get the best price for your machinery.
As an online auctioneer, Industrial Auctions focuses on transparency and optimal service to clients. Short lines of communication and a personal approach are core values that contribute to this.
Professionals
Professional auctioneers can be a great choice when you are looking to liquidate business assets. They can help you get the highest possible price for your equipment and can also advertise your sale to your most valuable buyers.
They have a proven process built on industry standards and can target the most valuable markets for your assets. This helps you sell your equipment quickly and efficiently.
A successful auction requires a lot of work before the event, including research into buyer trends and values, analyzing inventory and developing an effective marketing plan. This includes advertising in trade magazines and regional newspapers.
In the first few years of their careers, auctioneers start as ringmen and learn the skills necessary for various types of auctions. They may then find work in the marketing department of auctioneering firms, gaining experience and developing a specialty area.
Multiple Choices
The auction market offers a variety of choices for buyers and sellers alike. These include online and offline auctions, high bidder’s choice, no minimum and no reserve, and multi-lot or multiple lot auctions.
A reverse auction is a great way to buy and sell capital equipment such as buildings, machines, and vehicles. Government-owned property may also be available at auction to investors who want to purchase land, machinery, and other assets.
A new type of procurement auction is the multiattribute first-price, sealed-bid competition mechanism. It extends traditional price-only auctions to those in which competitors compete over attribute bundles, and it reveals the benefits of defining a procurement alternative in terms of its value to the buyer over a range of possible budget levels. The model is able to outperform other procurement mechanisms by a significant margin. Moreover, it elicits robust results in a fiscally constrained environment. It is a big step forward for the field of auctions, and will likely lead to many more innovations in the near future.
Less Competition
When most people think of industrial equipment auctions, they picture big items like stoves and ice machines. But in reality, you can find smaller equipment that is often just as useful for most businesses.
A new study by a team of economists from the University of Sydney and the University of Technology Sydney suggests that bidders may be less likely to win if there are many other competitors. The research is based on an experiment that had participants bidding on a variety of different items, including clothing, Bluetooth speakers and movie tickets.
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Save Money
Industrial auctions save business owners a lot of money. They’re able to buy equipment that costs less than buying it new, and they often don’t have to worry about depreciation.
Online auctions also offer a large pool of discerning buyers. This can help you maximize the chances that a particular piece of equipment will sell for a high price.
The auction process can be a little daunting, but you can rest assured that the professionals handling your equipment will treat you with integrity and respect. They know what they’re doing and want to make the whole experience a positive one for you and your business.
It can be hard for a small business to find the capital it needs to buy new equipment, but if they can find it at an auction, it could mean thousands of dollars saved. That money can be used to grow the company. And that’s a win-win situation for everyone involved.