Aucto Help Center
What is the Difference Between a Tender and an Auction?
Tenders are sealed bids that are submitted directly to the seller. The seller will then pick the winning bid at the end of the sale. All tenders end at the same time. Buyers do not see any other offers that have been made. Buyers can submit more than one bid but can not withdraw a bid once it has been submitted. All lots will end at the same time.
Auctions are a sale where equipment is awarded to the highest bidder. Buyers can submit bids up to the deadline of the auction. Some lots may be extended through the bidding process. The bids are open so buyers can see what the current highest bid on the equipment they are bidding on.
Fiona joins Aucto as its Director of Marketing and has over 15 years of experience in B2B brand development, lead generation, and digital marketing.
Over the last 15 years, I have had the opportunity to speak with numerous organizations that are seeking to implement or improve their asset recovery programs.
We are incredibly excited to have made it as a finalist on the innovative AutoTech’s Got Talen pitch competition
The team at Aucto is excited to celebrate a milestone today. We are announcing our seed funding round which will give us the ability to continue to build on the growth our company has experienced over last few years.
Today marks a huge milestone for the Aucto team as we launch a fresh new look for our website. We are excited to announce our new website is now live!