When large companies have surplus equipment, you can bet plenty turn to auction houses to get that machinery off the books. Auctions can be a great resource for companies of all sizes to add to their inventory of large equipment at low prices. There are many things, however, to be taken into consideration when buying equipment at an auction.
If you’ve never bought heavy machinery at an auction, you’re probably wondering whether or not an auction is a good place to purchase such equipment. After all, is there any guarantee that the product will even work once you get it home? And will there be any type of warranty provided?
The answer to both is, sometimes. Many auction houses sell much of their lots “as is” and often with no extra warranty implied or given. This makes the pre-auction inspection and the reputation of the auctioneer so crucial.
So you need a new backhoe or trencher or any other large piece of machinery. Here are a few things to keep an eye out for when you get to your auction.
The most common urban myth about auctions is the one about the man who scratched his ear and ended up buying a million-dollar statue. While some bidding might be subtle, real auctions just don’t work that way.
At Dakil, we like to keep our events fun and casual – but if you’re attending your first auction, you might still be nervous. So we’ve come up with a few simple rules to ensure that you have a good time without making any expensive mistakes – or being a bit too conspicuous.
If you’re trying to throw a successful gift basket auction at school, one thing that is important to realize is that the success of the event will likely depend heavily on the gift baskets themselves. School auctions can be a great way to raise funds for a variety of different programs, especially those that take place after school that might not get a lot of funding in the first place. If you want to make sure that your baskets attract the type of attention you want them to, try to keep these factors in mind.
A charity auction, a silent auction or any other type of gala should always be executed in a very specific way for the best possible results. These types of events are designed to raise money, either for some type of local charity or for the organization hosting the event itself. In order to raise the maximum amount of funding from these types of events, you’re going to have to keep a few key things in mind. These are a few silent auction tips that will help make sure that your event goes off without a hitch.
The auction house has been both romanticized and parodied on television and in movies. And if you’ve only seen the cartoon and Pink Panther versions of an auction, you probably imagine a fast-talking auctioneer in coattails selling increasingly valuable wares – a collectible car, a famous actress’s jewelry, and on and on.
But technology doesn’t discriminate – it’s infiltrated every industry from marketing to manufacturing, and the auction house has changed significantly as a result of new internet bidding and technology capabilities.
To the uninitiated, the auction house can seem like a circus show more than a sale at times. And rightly so – auctioneers like to keep things entertaining! Even if you can’t understand all of the jargon, you’ll have a great time (and you might even take home something you love).
We’ve rounded up some of our favorite auction videos on the web, and we want you to let us know – who is your favorite auctioneer to watch? Of course, we slipped in a clip of our very own Barrett Bray – let us know what you think.
Blaine Lotz of Edna, Kansas is barely out of his teens – and he’s managed to snag the title of Young Auctioneer Champion already. See him in his element in this clip – and you’ll also get to hear his mother auction, too.
Click the photo to see Dakil’s Barrett Bray in action
