4 Tips For Buying Industrial Machinery And Tools At Online Auctions

Online Auctions Buying Machinery and Tools

Auctions are a popular platform for many people when buying industrial machinery and tools. However, with technological advancements, traditional auctions are slowly getting replaced by online auctions. Traditional auctions offer the distinct advantage of physically seeing and evaluating the equipment before bidding. If you choose to buy through an online auction, you may save a lot of money, sometimes up to 50% off the standard price.

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Traits to Look For In An Online Industrial Equipment Auction Team

Online Industrial Equipment Auction Team

When it’s time to liquidate your business, you have two options: do it yourself or entrust the labor-intensive process to an industrial equipment auction team. An auction team should have the necessary expertise, commitment, and resources to guarantee that your auction runs smoothly and that you receive payment for your equipment quickly.

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Why You Should Sell Your Surplus Equipment at Auction

Surplus Warehouse Equipment

If you're like most people, you have a garage or storage shed full of surplus equipment. Maybe it's an old lawn mower that you've replaced or a set of tools you no longer use. Whatever the case, this surplus equipment takes up valuable space. Instead of letting it collect dust, you should sell it at an auction or an online auction through Auction Masters. Here are a few reasons why selling surplus equipment at an auction, whether online or in-person is the best option.

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How to Sell Equipment at Auction from My Closed Business

Sell equipment at auction

If you’ve closed your business and are looking for somebody to help you get rid of your commercial or industrial equipment, contact Auction Masters. Auction Masters has 30+ years of experience with auctions and appraisals in Minnesota. Starting our online auctions in 2006, we successfully liquidate 100 businesses a year. When working with Auction Masters, you can expect the sale to run with a high level of efficiency. We have fast assets What are fast assets? for cash conversions, strategic marketing to potential buyers, auction planning (photos, item descriptions, etc.), and guidance from detail-oriented auction experts. When it comes to liquidating your business, leave it to the professionals. That’s why Auction Masters is the best to come in and help you see your equipment.

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What our clients say

"To Whom It May Concern:

Due to recent unexpected circumstances, our company came into possession of hundreds of items of inventory that were unrelated to our current field of business. After a few short phone calls and simple emails, Auction Masters took immediate action. With amazing speed, all of the inventory was professionally photographed, categorized, detailed, and up for auction with minimal guidance from us. Their efficient marketing resulted in a quick and well organized sale. Within a couple of weeks we received the final proceeds of the auction which doubled our initial expectations. We will not hesitate to retain Auction Masters for all of our future inventory reduction needs."

-Timothy, Loss Mitigation Manager

— Timothy, Loss Mitigation Manager