Reasons To Buy At Auction?
Most auctions and tenders are held at short notice with no reserve prices and in many cases, they are not widely publicised due to advertising constraints. Consequently, these sales offer some of the best buying opportunities for those people fortunate enough to hear about them.
Because liquidation can strike in any business sector, all manner of goods become available for acquisition - from heavy plant and machinery to small retail goods, from commercial vehicles to items of highly specialised industrial equipment - in fact almost anything can be purchased through these sales.
Many people assume they are "closed shops", open only to trade buyers and experts who know all the tricks of the trade, however, this is very rarely the case. The vast majority of auction sales are open to the general public. Dealers are often in attendance at auctions simply because they can purchase goods at a price which allows them to apply their mark-up and then re-sell at a profit.
There is no doubt that auction sales provide excellent opportunities for cost-effective buying for both traders and the general public alike. Whilst ANS do not make extravagant claims about goods being sold for between 1% - 5% of their true worth at any auction you care to attend (as some auction sites would have you believe), we would go as far as to say, that for anyone who is prepared to research their market and bid sensibly, real bargains are there for the taking.
View other guides:
Auction Glossary of Terms | Hints and Tips - Traditional Sales | Auction Procedure - Traditional Sales | Auction Procedure - Online Sales | Types of Sale | Auctions & Insolvencies Information | Insolvency Terms Explained | Reasons To Buy At Auction?






