What 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 has no buyer at any price is dealt with as waste, through a licensed carrier, and that cost is agreed with you before it happens. 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 in the days before viewing so machines fetch what they should. Isolate and make safe, clean but do not repaint, find the tooling and manuals, sort out access, and avoid the mistakes that cost sellers money.
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- Will my lots be mixed with other vendors' lots? Single items and small lots