Construction News
01/02/2011
Auction Portal’s Reserved Price Revamp Revealed
Innovative used plant and equipment auction website www.mrmachinery.com is changing its bidding process in order to give sellers greater control and encourage even more great items for buyers to choose from.
The portal is moving to a reserved, rather than unreserved, model of auctioneering, where sellers are able to set a base price below which the item may not be sold. Buyers taking part in Mr Machinery’s online auctions will now be informed if their bid is below the reserved price, and offered the chance to submit a higher bid.
Mark Bacon, CEO for Mr Machinery, said: “Moving to reserved auctions gives the seller a much greater say in the entire process. It enables them to set a minimum price, reduces the possibility of disputes over final sales prices and leads to more definite results – either a bid meets the reserved price and the item is sold, or the buyer is given the opportunity to up their bid.
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“This is great news for buyers too, as the process is clearly defined and will encourage an even wider range of high quality used equipment on offer to our customers,” he added.
Mr Machinery’s next event – their first to be held as a reserved auction – is scheduled to take place between Tuesday 8th February and Thursday 10th February. All items of quality used plant and equipment come with full, independent inspection reports, and potential buyers can find out further details and pre-register to take part by visiting www.mrmachinery.com .
Mr Machinery is a dedicated online auction portal offering a unique platform for the sale and purchase of used plant machinery. Founded in 2007, the organisation has a global audience across more than 170 countries worldwide and currently attracts an average of 25,000 unique users to its site every year. With extensive experience within the heavy equipment and logistics industries, the team provides both buyers and sellers a professional, personal and reliable service.
For all other enquiries relating to used plant and machinery, please contact Gary Loughran, Territory Manager Ireland, on +00 353 87 668 2408, via email at gl@mrmachinery.com or Skype: mrmachineryireland.
Alternatively, contact Keith Richards in our UK office on +44 (0)708 144012 or via email
kr@mrmachinery.com
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