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Debunking Myths About Machine Tool Auctions

November 08, 2021

Debunking Myths About Machine Tool Auctions

Machine tool auctions are a great way to buy and sell distinct items at amazing prices in a professional, well-organized setting, but many people still have plenty of misconceptions about this kind of event. This is because of the myths that surround auctions in general, preventing both prospective buyers and sellers from benefitting in this one-of-a-kind market channel. If you are on the fence about industrial auctions, then dispelling a few myths might help.

Here are some common myths about machine tool auctions

Myth: Selling used machine tools at auctions is not desirable

One of the primary purposes for conducting machine tool auctions is to provide a great platform for machines and tools to find a new workplace. Hence, if you are a manufacturer who’s planning a facility upgrade and you need to get rid of used machinery at a faster pace and at desirable prices, an auction is your best channel. Conducting an auction can yield optimal sales results in a finite timeframe.

Myth: Machine tools at auctions are expensive to run

This is perhaps the most popular myth surrounding auctions. Each scenario is unique and Infinity Asset Solutions tailors a Liquidation Proposal to fit your needs. We give you an appropriate range of values on your equipment as well as the cost to run an auction so there are no surprises.

Myth: Auctions are always the last resort

There is a common misconception that companies opt to run an auction only as a last resort. On the contrary, reported sales during auctions have set high records across various industries. Not only is this notion incorrect, but industrial auctions organized by professional auctioneers actually garner great competition that ultimately delivers results that exceed expectations.

By negating these myths, you can now make a better business decision and work with a professional equipment appraisal and industrial auction team, such as us at Infinity Asset Solutions. We have helped countless clients through this process. Contact us today to learn more about our wide range of services.

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