We are committed to providing our customers with a simple, efficient, and transparent auction experience. We strive to provide clear communication throughout the entire process to keep you informed of all steps and answer all questions you may have along the way. If you have any further questions about buying or selling, please reach out.
What is an auction?
A sales event with potential buyers who place competitive bids on assets or services either in an open or closed format. Once an item is placed for sale, the auctioneer will start at a relatively low price. The price increases each time someone makes a new, higher bid, until finally the highest bidder takes the item.
Are there different types of auctions?
Yes. There are two main types of auctions: live and online. Live auctions involve a crowd of people gathered at a physical location to bid on items in person. Online auctions consist of a virtual catalog of items, usually available for physical preview, and then people place bids online from their device. A third type of auction combines the two: simulcast. This occurs when auctioneers accept live in-person bids and offer online bids.
Should I sell my asset(s) at auction?
The auction method of marketing is the most efficient way to sell your asset. Auctions can accelerate a sale, in addition to offering these key benefits for sellers: higher visibility among pre-qualified, prepared buyers who are ready to buy, greater competition among buyers which usually leads to a sale price higher than market value.
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4129 Elida Road
Elida, OH 45807