Should I Sell Using a Tender or Auction?

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Should I Sell Using a Tender or Auction?

Tenders are best suited to sell high value or unique equipment, machinery, or systems, which there may be limited demand for it in the secondary market. By utilizing Tenders, Sellers can expose their assets to the marketplace in a low-risk format that lets the market dictate the price through a competitive bidding process.

Auctions are best for more generalized equipment that has a higher quantity of lots. The entire sale can be marketed to a larger, more diverse group of buyers. An example of the type of equipment that works best in an Auction would be Heavy Equipment such as a Bull Dozer. This equipment is used in many different applications across many various industries, making it much more desirable in an Auction.

This additional sales method will allow our sellers to get competitive offers in an open bidding format, no matter the type of industrial machinery, equipment, or parts.

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