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Auction Handbook - Why are Goods Sold at Auction

Why are goods sold at auction?

There are several reasons why goods may be sold at auction and it is important to know why the goods are being sold and where they came from, this information can be found by consulting with the auctioneers before the sale or it may be stated in the catalogue of lots relating to that auction sale. One of the following may apply

  • The goods are being sold to raise cash to pay of debtors if
    the previous owner has gone into liquidation, receivership or bankruptcy.

     

  • The goods are being entered in the hope of a dealer making
    a profit from their sale.

     

  • The goods are being sold by the owner to create space for
    new stock

     

  • The goods are surplus to the owners requirements due to
    new stock being acquired.

     

  • The goods have been part of a leasing agreement and the
    term of lease has ended and the goods are not required by
    the leasing company who are now the legal owners.

     

  • The goods will not sell any other way due to poor demand
    or over supply.

     

  • The goods may be part of an illegal consignment and have
    been confiscated by an official department who now wish to dispose of them.

     

  • The goods may have been stolen and the previous owner
    cannot be traced by the appropriate authorities.

     

  • The goods may be government department or armed forces surplus stock due to being out of date or over stocked.


 

 

See below to check out the dates of our upcoming events (click on the dates to view details!

 


 

Taking Email Bids  On-Site Real Estate Auction - Taking Bids by Email Now!

December 3, 2008   Wednesday Night Public Auction - 4:00PM

December 6, 2008    On-Site Public Estate Auction - 10:00AM

December 6, 2008    On-Site Real Estate Auction - 2:00PM

December 13, 2008   Wholesaler's Liquidation Sale - 150+ Generators -  10:00AM

January 17, 2009      On-Site Public Estate Auction - 10:00AM

January 17, 2009      On-Site Real Estate Auction - 2:00PM

 

 

 

 
 

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