I believe that the future of industrial machinery auctions has just begun to achieve good results in online auctions, and we are still in the early stages. For millennials and the next generation of the future, most […]
History of the Auctioning World – part 2
In the History of the Auctioning World – part 1, we learned about auction history by uncovering the history of traditional auctions. The evolution of auctions has come a long way since 500 BC. The History of […]
History of the Auctioning World – part 1
From Ancient Greece to WWII, there is a long, colorful auction and bidding history that follows technological developments and cultural trends around the world. Today, the most popular and accessible way to bid on items ranging from […]
Bidding Online for Beginners: Welcome to the World of Industrial Auctions
Bidding online is the way of the future and its popularity and innovation is growing constantly. Online auctions are revolutionizing the way industrial equipment is exchanged and making the world’s markets accessible to anyone with a laptop […]
Differences Between Traditional and Modern Auctions
Auctions have been around since the dawn of economies, but, like the economy, they are evolving with the rise of technology and globalization. Traditional auctions are becoming less common as modern auctions take over the scene. There […]
Get the Biggest Bang for Your Advertising Buck: The Best Ways to Advertise an Industrial Auction
The advertising industry is an ever-expanding vortex of buzz words, promotional materials, markets strategies, and intangibility. It can be confusing and tricky to get clear directions of the best way to advertise for your needs and see […]
Live Online Auctions – What They Are and Why They’re GREAT!
The future is here, people! Gone are the days of having to hook up a trailer to your truck, scout out local auctions, hope you find the piece of machinery you need at a price you are […]
Going LEAN: The benefits and how to profit from your unused machinery
The idea of LEAN manufacturing is to use best practices to improve your production methods to produce higher quality products at much lower costs. Production is improved by removing the different types of waste that muddle production […]
Judicial and Non-Judicial Foreclosure Sales: What’s the difference?
Foreclosures come about when borrowers fail to make payments on mortgaged assets. The assets are auctioned off to allow lenders such as banks or agencies to recoup the debts of the defaulted loans. For those entering into […]
Sales Comparison Approach as a Valuation Method of Machinery
There are three major methods that are used to determine the pricing of machinery and equipment. These methods include cost approach, sales comparison approach and income approach. This article will focus primarily on the sales comparison approach […]