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| When only the ULTIMATE AUCTIONEERS and Ring People will satisfy |
| Auction Types. . The auction process provides the most equitable form of asset liquidation. It places the assets in direct view and access of interested cash buyers. The auction dramatically accelerates the amount of time normally required to bring a seller and a qualified buyer together. Not all Auctioneers nor Auction providers operate in the same manner. |
THE ABSOLUTE AUCTION An absolute Auction offers the assets sold to the highest bidder, regardless of price. This type of Auction will create the most interest among buyers. The buyers know they have a good chance at buying the items they are interested in. Additionally, this type of Auction will normally extract the most amount of value from the items, due to the higher buyer participation. Sellers at this type of Auction are normally forbidden from bidding on their own items. They must guarantee the items are sold in a fair competitive bidding atmosphere. |
THE RESERVE AUCTION A reserve Auction protects the sellers interest by limiting the Auctioneers ability to "sell" the item without obtaining a dollar amount pre set by the seller prior to the beginning of the auction. This type of Auction will attract less bidders, due to the perception that a "steal of a deal" has been removed by the reserve amount. With less bidders in attendance, the prices offered are usually lower due to reduced competition among bidders. Any items which do not reach the minimum reserved amount remain the property of the seller. Caution should be exercised by the seller to not set a reserve amount too high, and lose the sale of the item. |
THE CHARITY AUCTION The Charity Auction is one of the fastest and successful formats to raise funds for a worthy cause. This type of Auction incorporates a unique and entertaining process. The bidders are assisting a favorite cause while purchasing items they have an interest in. Items are generally solicited by the receiving charity with the assistance of the Auction firm. The actual Auction event takes on a gala event atmosphere, usually with a celebrity as a spokesperson. |
| regarding your Auction needs. Phone (702) 807-5440 |