LIQUIDATION AUCTIONS PROFESSIONAL

Competition among bidders is what determines an item’s selling price, but there may not be enough competition to drive a price up.ĭeciding Between a Liquidation Sale or Auction Saleīoth types of sale work well to help a company maximize the value of their idle or surplus assets.

Bidder competition can drive up prices.Īssets might not always sell for the price expected.

Online technologies can attract bidders from all over the world.

Effective marketing can improve the outcome because it will get potential bidders interested in the asset.

The auction agreement, the set up of the equipment, the auction itself, and the clean up can take only weeks, or a few months.

Auction sales are quick, from start to finish.

Auction sales are often used when a company has surplus equipment or machinery that they want to sell.

In an auction sale, the land, equipment or machinery is simply sold to the highest bidder. This is an effective way to sell off assets from a commercial or industrial business after the larger items have been purchased.Īuctions are often the opposite of liquidation sales, in that they take place very quickly from start to finish. After the larger, more expensive items sell through an orderly liquidation, the smaller pieces of equipment and other items are often sold at auction. One interesting aspect of liquidation sales is that they often turn into auction sales.

If the sale takes place over months or years, costs can be high.

Mortgage payments for facilities, utility costs, security costs, and property taxes may need to be paid.

Equipment and machinery will need to be stored until the sale.

Often there are limited buyers, and a liquidation sale gives a seller the time to track down those buyers.

Liquidation works better for more specialized or unique equipment, machinery or other assets.

Negotiation on the part of the buyer and the seller is the main driving force in determining what an asset sells for.

Sellers can review multiple offers, taking the time to decide which one works for them.

Longer selling time, giving sellers the time to find the right buyer, which can often result in higher prices.

The main benefit is time: more time to conduct the sale, more time to find the best buyers.

Assets, including land, machinery and equipment, may be sold over the course of weeks, months, and even years In industrial liquidation sales, the seller often reviews offers and negotiates prices. Liquidation sales are similar to store closings, when a store sells its remaining inventory. Liquidations and Auctions – How are they Different?Ī liquidation sale is the process of selling the assets of a business in an orderly fashion over a period of time in order to achieve values that are close to market value.

Understanding the distinction between these two types of sales can help a company make the right decision, whether it is looking to sell land, machinery or equipment. The most common ways to recover assets are with liquidation sales and auction sales. When companies are faced with the need to recover assets, they have few options. What Is The Difference Between Liquidation Sale and Auction Sale? Distribution Centers & Material Handling.Difference Between Liquidation and Auction.To view upcoming Minneapolis auctions, or those throughout the region, scroll down! Sellers of industrial equipment seeking online auctions Minnesota can trust that their sale will be successful and run with a high level of efficiency.

LIQUIDATION AUCTIONS PROFESSIONAL

Our Minneapolis online auctions are respected for professional service and results. Whether you’re going out of business, clearing out space at your facility, or looking for a great deal on previously-owned equipment, we can simplify the process with our powerful online bidding platform.Īuction Masters has been conducting online auctions in Minnesota since 2006. We have been liquidating commercial and industrial businesses with the same owners for over 30 years. We have over four decades of experience facilitating commercial industrial auctions, and along the way we have helped countless people buy and sell used items quickly and efficiently. Auction Masters is your source for online liquidation auctions in the Minneapolis/St.

Liquidation auctions