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Archive for the ‘Equipment Auctions’ Category
November 12, 2010 Own a Piece of History with the Madoff Auction
While Bernie Madoff is serving his 150-year sentence, who’s taking care of all his stuff? You can, if you want to. The U.S. Marshals Service asset-forfeiture division is auctioning off the Madoffs’ belongings and putting the proceeds toward a fund set up to help victims of his multibillion-dollar Ponzi scheme. Items were available for media [...]
September 7, 2010 Online Auctions for Homes
Wayne County, in Michigan, has a lot of tax-foreclosed properties – more than can be efficiently sold in traditional auctions. As a result, the county decided to sell the properties in an online auction. We’ve discussed in the past the benefits of selling machinery and equipment in an online auction; selling homes in an online [...]
May 27, 2010 The Importance of an Unbiased Third-Party Opinion
To derive a proper opinion of value, no matter what the situation, getting an appraisal performed by an unbiased third party, such as a certified appraiser, is always the best course of action. To be unbiased, the professional developing the opinion of value should not have any vested interest or participation in the opinion of [...]
May 13, 2010 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 [...]
December 17, 2009 Tavern on the Green Auction
Earlier this year, Tavern on the Green, that iconic New York restaurant, announced that it is going to close its doors. Many who had a first date there, proposed there, or celebrated a special occasion there were saddened by the loss of this place full of memories. But other restaurant owners, or those sentimental ones [...]
December 10, 2009 Present Value: More than an Appraisal Firm
Following up on our press release that went out on Tuesday, December 8, 2009, we’d like to focus a little bit more on some of the characteristics that make Present Value a unique full-service appraisal firm. While lenders and business owners have many choices when it comes to finding an appraisal company, at Present Value, [...]
November 10, 2009 Auction Value: Fair Market Value
We’re continuing our discussion of the three different types of value a certified appraiser will provide before a company auctions off its assets. Read the other posts on this topic here. Fair market value (FMV) is the estimated potential value of equipment and machinery if it were sold in an open market. The following assumptions [...]
November 5, 2009 Auction Value: Forced Liquidation
In this post, we’re continuing our discussion of the three different types of value a certified appraiser will provide before a company auctions off its assets. Read the first two posts here and here. Today, we’ll tackle the topic of forced liquidation value. Forced liquidation value assumes that a seller is being forced to sell [...]
November 3, 2009 Auction Value: Orderly Liquidation
In last week’s blog, we began a discussion about the three different types of value that a certified appraiser will provide prior to a company auctioning off its assets. In this blog, we will address the first type, orderly liquidation value. A liquidation value is the estimated amount of money a company’s assets could quickly [...]
October 29, 2009 Know the Value of Your Machinery and Equipment Before an Auction
While the economy is showing signs of improvement, there are still a number of companies that are being forced to close their doors, which in many cases includes liquidating their equipment and machinery assets. Oftentimes, the most quick, efficient way to do this is through auction. When considering an auction, a company should first contact [...]