An Irish-based, online auction portal has changed the duration of its auctions from seven days to three.

The Mr Machinery website is a "low-cost, user-friendly" way to buy and sell all types of heavy equipment.

"Mr Machinery certified auctions have an attractive starting price, responding to the needs of the buyers and sellers," said a spokesperson for the company.

"There are no buyers commissions, you pay what you bid.

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"Compared to more traditional machinery trading systems, Mr Machinery can offer smooth transaction times. This is due to the comprehensive registration process and user-friendly innovative operating model.

"Only qualified buyers and sellers are accepted; guaranteeing the user a swift and smooth transaction."

The main purpose of the portal is to reduce transportation costs, the average time per transaction for the decision maker, the time to auction, commissions and the risk of bad deals.

According to the company, all machines that appear on the site have been "thoroughly inspected by one of our independent inspectors".

Mr Machinery’s next auction will begin on Monday, 1 March and ends on Wednesday, 2 March. Machines are located in Ireland, UK, Belgium and Spain.

(NS/BMcC)