In
mining, equipments are the lifeblood of a company. With it, the companies
expand their businesses, increase their production and boost profits. Companies
buy and sell their equipments. These days, it is now easier to have their
mining equipments for sale (or to buy new ones).
It is
also now much easier nowadays because of the adoption of auctions as a selling
tool. This is being made much easier these days with the adoption of auctions
as a selling tool. The reason is that both sellers and buyers tend to get the
best value for their money in auctions.
Owners
and buyers deals can be a disadvantage to either side that does not have any negotiating
skills. In a way, the machines sell themselves at auctions.
Buyers
inspect their merchandise and will try to win its ownership through auction.
The sellers present their used machineries to buyers, as they are. The auction grounds
are a level field and sellers hope to attract many prospective buyers so they
fight for ownership with bids that can go up and up.
Auction biddings
Through
auctions, buying and selling mining equipments are simple, easy and clear-cut.
First,
the auctioneer will drive the mobile equipment in front of the crowd in the
auctions ground. The auctioneer will then introduce the items and call for
bids.
After
one bid had been placed, the auctioneer will then raise the ask price. The
other bidders will then bid with a better price. Everyone will all be
recognized one by one as the price goes up. The bidding will continue until
there are no more bids placed.
The
auctioned items are sold to the highest bidder in their times. This is
regardless of the price.
Online and proxy
With
the onset of the Internet, the bidding process has now been expanded to include
bidders who are not physically present in the auction grounds. All the bids are
now done and made live and in person, all at the same time by proxy and done
online. (These bidders will have to first register either in person or online.)
Huge
and stationary equipments are sold by way of photos displayed in the
auctioneer’s virtual ramp auction theater. Each of the items is shown on screen
(for both live and online bidders) and is in real time.
Inspection
Absent
bidders usually send their mechanics to do the inspection on the machines
beforehand. This is to ensure the item is up to par with their own standards.
Auction
companies usually offer refurbishing services at additional costs. These
include exterior and interior cleaning, sandblasting, welding, metalwork and
some light mechanical repair, painting decal replacements, including glasswork
and upholstery repair.
Benefits
Usually,
dealers or manufacturers may have their warranties, but reputable auctioneers
have the advantage of having no sticker prices on the machines. There are no
minimum bids and there are no reserve prices.
Summing
up, the buyers are the ones who set the prices and everything are sold for
their true market value. In mining equipment for sale through auction, the user
can buy or sell at their convenience.
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