Industrial Auction FAQ

Industrial Auction FAQ

Auction Basics and Terminology

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1. How does an industrial auction differ from other auctions?

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2. Where do the auction items come from?

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3. Who can participate in an auction?

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4. What kind of things can I expect to see at a Maynards industrial auction?

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5. Can I inspect items of interest prior to the auction?

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6. What is a buyer’s premium?

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7. What is the hammer price?

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8. What is a consignor?

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9. What should I bring with me to an on-site auction?


Buying, Paying and Returns

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1. How can I pay for my purchases?

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2. Can I bid if I’m unable to attend the auction?

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3. How does absentee bidding work?

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4. How do I purchase equipment through a private treaty sale?

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5. Is the equipment sold with a warranty or guarantee?

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6. Will I be charged tax on my purchases?

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7. What is the difference between on-site and simultaneous webcast auctions?

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8. How do I participate in a webcast auction?

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9. If my bid is successful, how do I transport my item from the auction site?

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10. Is a deposit required in order to participate in an auction?

Other questions

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1. How do I keep up-to-date about upcoming auctions and events?

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