What is Machinery Auction?
- Machinery Auction is a process of buying and selling of equipment, facility or services by offering them up for bid, taking bids, and then selling the items to the highest bidder. The open ascending price auction is arguably the most common form of auction in use today. Participants bid openly against one another, with each subsequent bid required to be higher than the previous bid. An auctioneer may accounce prices, bidders may call out their bids themselves (or have a proxy call out a bid on their behalf), or bids may be submitted electronically with the highest current bid publicly displayed.
How to Register in our Auction?
- Registration is Free. Before you can bid you have to register, weather you plan to bid in person or online. You can register for any sale in advance by visiting the details page of a certain auction and click register and it will take you to the registration process. For some registrations, we may ask for a financial reference and/or deposit to be able to bid in our auction.
How to Bid in our Auction?
- Auction Bidders can participate by either in person on site or bid online. Bidding in person need to register in advance and collect a paddle before the auction begins. Online bidders should register at least 24 hours in advance of the sale. All winning bids must be hnoured, Picked up and paid for. We encourage bidders to stop by the auction site location to view the items that they are interested in bidding on, we usually have the on-site inspections one day before the day of auction from 8:00 am to 4:00 pm