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Traditional Vs. Modern Equipment Auctions: Everything You Need To Know

 

Technology continues to ease the means of communication between buyers and sellers. Today, it has grown to new heights, allowing auctioneers to host wide-scale auctioning events by asking buyers to register on their platforms. However, traditional face-to-face equipment auctions still exist because it's a culture and has something valuable to offer prospective bidders and auctioneers. Here is everything you need to know about the similarities and differences of both.

 

Traditional

 

Online retail veterans will agree: it's best to touch and see the items you'll purchase before you finalize your decision. With traditional auctions, you'll participate in an actual hosted event. These auctioneer-hosted events have their respective specialists, such as mechanics who have repaired and restored the auctioned equipment.

Plus, prospective bidders can test-drive everything and ask the auctioneers about their care methods, business process methods, and other crucial details that can become a major selling point. Lastly, there's "magic" in a group of bidders and auctioneers buying and selling items in person.

 

  • Close-Up Touch Inspections
  • Test Drive Everything
  • In-Depth Auctioneer Insight
  • Auction Culture
  • Quicker Than Modern Auctions

 

Modern

 

With the speed of everyday life, attending a traditional auction is like taking a leave for a vacation. You'll need to spend an entire day physically to find the best deals. However, secure online auctioning platforms are the bread and butter of modern auctions. They're found online, and both auctioneers and prospective bidders only need to register and familiarize themselves with the platform.

 

Most online equipment auctions have much more equipment variety than traditional ones because of the auctioneer and prospective bidder population. All auctioneers must present detailed maintenance records as the auctioning platform requires. While it might take a little bit of familiarization, it's a convenient and time-saving auctioning space that's greatly efficient.

 

  • Hosted Online
  • Much More Equipment Variety
  • Detailed Maintenance Records
  • Takes Getting Used to Digital Platforms
  • Take Part Anytime

 

Infinity Asset Solutions Hosts the Best Auctions

 

Sign up on our online equipment auctions today to find the best bids and deals available!

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