GHANA AUCTION.BLOGSPOT.COM
where everything auctioned sells
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contact: +233573908817, email: ghanauction@gmail.com
Price: $ 400,000
| Price : | $ 30,000 |
| Year : | 2012 |
| Mileage : | 10,000 Km |
Please read this article carefully before you visit any of the posted auction venues
What is an Auction?
An auction is a sales process allowing equipment to be sold on the open market by competitive bidding. An industrial auction can be held for a single item (lot), or for 1000’s of lots (known as an event).Auctions enable the selling of any fixed asset to the highest bidder (buyer) through public competition. When working within a limited time frame, auctions are the most effective way to recognize, create and channel demand; while the public competition component ensures the item is sold for the highest market value.
Our public auctions create an industrial used equipment marketplace providing maximum exposure for our clients' assets into the second user markets; while offering great value and opportunity to purchase used industrial equipment for our buyers.
Auctions thrive on competition and are most effective when selling a wide range of items to a large number of buyers. Understanding of global markets is key to retaining high levels of competition - the more bidders, generally, the better the price achieved.
The Auction Process
There are common processes for both auction sale types:
Information gathering
When an organization has identified surplus assets and decided to sell, the first step is to value the items (known as assets) and create a lot catalog. The lot catalog details the individual items, has a range of photographs, full descriptions and the reserve price. The reserve price is the minimum price below which the organization (the seller) will not agree to sell the item. This is generally not published, known only to the client and the Auctioneer. Our experts will advise on suitable reserves based on the valuation, current market conditions and real time evidence-based data from similar sales being conducted. The reserve is sacrosanct allowing our internal expert knowledge to advise the seller and also allowing the seller to retain control throughout the selling process.
Publishing and marketing
Once the lot catalog is complete, our marketing team launches a high impact marketing campaign to create demand and drive potential bidders to the website, where they can sign up for the event. At this point, any potential buyers are also encouraged to view the assets in person (at viewing times typically set by the seller).
Conclusion
The auction then opens for bidding; bids are accepted and processed; and lots are sold to the highest bidder. When the last lot closes, the auction event closes.
Final settlement
The final stage is clearance and settlement. Our skilled project managers will arrange for successful buyers to pay for and then collect their lots. Once payment and collection has occurred, our accounts department settles the funds, less any fees and charges, direct to the client.
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Autos
- Three pickups at Tamale in the Northern Region
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Please we will update you with the time and date stay in touch.
Contact: +233573908817,
Email: ghanauction@gmail.com
