What do we do?

Costs

Our charging structure is very simple.

Unless there are extenuating circumstances, we will never ask sellers for an upfront payment, we only get paid when we achieve a sale.

In auction sales we typically charge the seller a commission based on the sale price of the asset(s), and the buyer a similar sum by way of ‘Buyer’s Premium’.

On private treaty sales, we typically charge the seller the same level of commission, but reduce the Buyer’s Premium to reflect our lower costs.

Collective Auctions

In a collective auction we sell the surplus assets from several clients.  Clients can put as few or as many items in the auction as they like.  Some clients prefer to spread their disposals through the year by including them in a collective auction rather than a single annual event auction.

Collective auctions provide our clients with a route to dispose of their surplus machinery whose value does not justify an event auction.   They are a useful alternative to selling to a dealer or scrapping a machine.

We run a collective auction at least every two months.

Event Auctions

An event auction is your own personal auction, containing only your machinery.

Event auctions enable our marketing efforts to be focused intensely on a specific sector over several weeks.

We run event auctions as and when client demand dictates.

Private Treaty Sales

If you have only a very short time in which you simply have to dispose of some machinery – say where you have new machinery arriving soon or you are handing the property back – a private sale might be the best option for you.

Under a private treaty sale, we circulate our database of ‘end users’, dealers, machinery de/re-commissioning companies, and dismantlers setting them a very short date by when they have to submit offers.  Those offers are then put to you for your approval, or not.

In private treaty sales what we may lose through our marketing being necessarily restricted, we can gain in terms of time.

Webcast and Catalogue Sales

A webcast sale is an auction that is broadcast live over the internet.  It is a real physical auction, but over the web.

A catalogue sale can be more private – bidders make bids direct to us, only we and you get to see them. A catalogue sale is perfect for where you have a good  number of the same asset to dispose of over an extended period of time – we are able to use ‘stock images’, you can prepare the asset for sale once a sale is made.  It can therefore be a great way for an OEM or specialist machine refurbishment company to dispose of surplus stocks quietly without prejudicing your normal ongoing sales.