What does buying on Aucto cost?
It is 100% free to create and use an Aucto account. With an Aucto account you can browse auctions, liquidations and lots and view onsite auctions as they happen in real time.
If you choose to purchase a lot from an auction or liquidation, you are committing to buy that lot and pay any fees associated with that lot. Any costs associated with a lot are clearly displayed, so buyers are able to make an informed decision about their purchase.
The buy now price of the lot in liquidation or the final bid amount in auction format.
The cost to dismantle and remove the item from its location and prepare the item for shipping. Typically, removal fees are only associated with larger equipment that require labor or special equipment to remove.
The cost to ship the product to the buyer. In most instances buyers are able to arrange their own carrier for shipping if they choose to do so. Typically, in auctions buyers are expected to arrange their own shipping.
In the liquidation world buyer’s premium is typically charged by sellers to cover their administrative expense of conducting the liquidation.
Buyer’s Premium in Auctions and Liquidations
If you purchase a lot from an auction or liquidation event, the buyer’s premium is predetermined by Aucto at 7% of the buy it now prices.
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.
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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.
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