Online Liquidation Auctions FAQ’s
How does an online liquidation auction work?
Online auctions are similar to local auctions. An item is photographed and has a description explaining it. Once you register and create an account you can bid on any items online. The bidding platform will keep updating with the highest bid until the final bid is made. The highest bidder will be notified on how to send payment and pick up their goods.
What are the benefits of online auctions?
Convenience – you can buy or sell 24/7 from the comfort of your home. Inventory – large variety of items and instant feedback.
What types of online auctions do you facilitate?
We help liquidate assets owned by individuals, private businesses, lenders, cities, counties and more. Our online auctions typically include: industrial surplus, commercial equipment, trucks, individual vehicles and vehicle fleets, construction machinery and heavy equipment surplus.
Why should I sell via online liquidation auction?
When you have a substantial surplus inventory or large assets, it can be a challenge to liquidate everything in a timely manner. Our online asset auction process is streamlined to sell assets fast. We work to attract a wide audience looking to bid on the exact assets being auctioned.
What can I expect my items to sell for?
Check out our Past Auctions to view detailed bid information on all auctioned assets.
How do I bid in an online auction?
Register as a user to receive your bidder number. Once you receive that, you can start to bid online. Make sure to read all the terms involved and keep track of the other buyers’ bids.
When is the best time to bid on an online auction item?
If you really want a particular item, put in your maximum bid and let the object find the level. If it goes beyond your bid, you can assume the market value is high and on the next bid you can raise your price expectations. It’s best to understand the demand of the item and place an educated bid.