Britannia AuctionsWhat happens if something does not sell?
Lots that fail to reach their reserve can be re-offered in the next sale, offered to the underbidder, or sold by private treaty afterwards. Anything that finds no buyer at any price can be cleared as waste through a licensed carrier where that is arranged, with the cost agreed with you beforehand. Nothing is left on your premises without a plan for it.
Related questions
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- How a commercial asset auction works
A stage by stage account of an online timed auction for business assets. It covers the asset schedule, cataloguing, viewing days, how bidding closes, buyer's premium and VAT, collection and how you get paid.
- Auction or private treaty: which route to choose
Auction gives you a fixed date and an open market. Private treaty gives you a negotiated price and privacy. This guide sets out when each route suits, what you give up with each, and why many sales use both.
- Preparing machinery and equipment for sale
What to do before viewing day. Keep the machines that can be run safely available to demonstrate, isolate the rest, clean but do not repaint, find the tooling and manuals, and sort out access for removal.
Other questions
- Who disconnects the machines? Surplus equipment
- What checks do you make on vehicles and plant? Insolvency asset sales
- What if a vehicle has no MOT or is not running? Vehicles and fleets
- Will my lots be mixed with other vendors' lots? Single items and small lots