Machinery and Equipment Auctions

Earlier this month, a major industrial auctioneer sold more than 3,600 heavy equipment pieces at a two-day auction held in Texas, proving that there is a strong demand for heavy machinery and equipment. Nearly 3,000 people from 41 different countries bid in person or registered to bid for items online during the event. Online bidders were big purchasers and took home 23% of the equipment that was for sale. Read about the auction in this article titled, “Demand for Heavy Equipment Remains Strong.”

We’ve written many times in the past about online and in-person auctions, the reasons to conduct an auction, the steps to take to prepare for one, the different types of values given to items up for auction, and Present Value’s ability to offer the service. Given this recent proof that demand for auctioned equipment is high, we decided to revisit the subject.

When a business fails or is asked to leave a property, often the business owner will decide to hold an auction with the goal of quickly selling equipment for as high a profit as possible. Present Value can represent companies in these situations through the whole transaction. Our appraisers will provide companies with the three values of the equipment – liquidation, forced liquidation, and fair market – and facilitate the auction process, which will be conducted by one of the two auction houses with which we partner.

By: Present Value

This entry was posted on Thursday, May 13th, 2010 at 10:12 pm and is filed under Equipment Auctions, Machinery & Equipment Appraisal. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.