Buy and sell industrial, commercial, plant, and machinery equipment through BidSpotter, which is an online auction site dedicated solely to business equipment. Sellers are professional auctioneers, and usually have companies available to ship you your items after winning.
BidSpotter is owned by Auction Technology Group, which had 3,600 auction houses using its technology and listed 14 million lots in fiscal year 2021. Eight billion dollars worth of items sold per year makes it one of the largest online auction websites in the world. It’s the best online auction website for business equipment because it doesn’t cost anything to bid—you only pay for your winning item. The auctioneers can even set you up with a company to ship the equipment to you.
Creating an account is completely free, although to sell you must have professional credentials like an auctioneer’s license. However, you can consign your items with one of BidSpotter’s Premier Auctioneers if you’re just a regular consumer.
Auction types available include live webcast auctions, live online-only auctions, and timed-only auctions. At bidding close, winners will receive an invoice to pay the auctioneer directly, rather than BidSpotter. It’s free to bid, although an auctioneer may require a buyer’s premium and/or a deposit in addition to sales tax.
According to investopedia.com; linkedin.com. Source of photos: internet
