Can you tell us more about the type of auction this is?
Sealed bid
Is it one of those auction where you can walk away with
a pentium for $5
YES On last weeks bid I won a VAX4000-300 for $82. a bunch if
DIgiboards
for $5.00 ea. Sorry everyone that has commercial value to me.
is it more of the upper type wher you pretty much have
to be within 105 of
the retail valu in order to win it?
Not at all. This equipment is from a new
division that did not have a
surplus sales group. Tha format was different than the usual bid lists so I
called my rep. about last weeks list and they are hoping to get 5 cents on
the dollar. Anything that does not sell will be going to be recycled as
they are very carefull about EPA regs.
Have you had any experience with this sort of auction?
I have been doing business with them for over a year. The regular weekly
bids I rarely get good deals on - about 70% to 80% of wholesale are typical.
The special bids like these are where I make out. I will admit that this
equipment is not the usual type they offer - remember it is a newly acquired
division.
What I'm getting at is I've seen a few things
on the list that I like but
hve no idea what to bid on them.
I would be sure to be over the scrap value (figure
50 to 75 cents a pound is
scrap value) but based on the bid I won last week not more than 5% of
wholesale new.
Also it seems like the terms for payement are very
tight 2 days to send the
money or you're out how do you propose to proceed? Are you going to send a
"big" check for the bid and hope that everybody follow up on their bid?
I still do not know why they put that in there. I actually have 15 days
from shipment to pay for it. provided I am not way
above my theoretical
credit limit and YES I am hoping that everyone will be
following through
because I will be stuck with the equipment if they don't. I have had some
long discussions with a couple of people on this list about this and was
informed that most everyone is quite honorable.
Another note of interest I have only gotten the response for 1 of last weeks
bids so far. It had to be in on monday and I got the response thursday (1
day late). Tuesdays bids were supposed to be released thursday. When I get
the response to those bids I will let you know.
Don't worry if I think any bids are to high I will let you know. I can only
do this however on equipment that I am familiar with.
For shipping considerations due to the amount I won on last weeks bid I have
told them to change it to truck and gave them my account info for a major
truck line, This is the first time I have had to change to truck shipping.
Also for figuring shipping I am in North Carolina.
Dan Burrows
336-376-0468
dburrows(a)netpath.net