posted on November 7, 2000 02:18:38 PM new
I'm going to attend an auction tomorrow of a .com company who has closed up shop and is selling everything, from computers and desks to artificial plants. There are over 2000 lots.
Has anyone been to an auction like this? I'm wondering if they'll try to sell fifty identical computers individually, or if they'll try to aggregate the lots together.
posted on November 7, 2000 02:23:28 PM new
We attended a theme park auction once (got my wonderful 6'+ oak bench for only $85!)....Some of the lots were small & reasonable, & some were quite large and expensive...I suppose it all depends on the auction house that is setting up the auction & how the owners what to dispose of the items....
Do you have a catalog?...Typically lots are described in there...
posted on November 7, 2000 02:30:30 PM new
Hey eventer, I might just outbid you for Pattaylor.
Rancher24, good deal on the bench!
The preview is today and I can't go. Everything is lotted separately, but it would take days to get through it all if they auction each individual one. I'm thinking maybe they'll do "choice," then combine lots once bidding for indiviual items cools down. They have pictures of some of it on their web site. My husband looked at it and said, "No wonder they burned through 90 mil so quick!"
posted on November 7, 2000 03:39:42 PM new
Oops, then I'll have to bid on her, too... as well as Mark. Two of them can come to the office and do my work while the others fan me and feed me grapes.
posted on November 7, 2000 05:28:50 PM new
RainyBear,
Make sure they peel the grapes for your first.
cariad,
You're on..so do I.
BOY, can hardly wait for the ebay.com liquidation sale! I've been thinking of redecorating in all "pinks" & I hear they have some rarely used backup equipment.
posted on November 7, 2000 08:14:28 PM new
RainyBear: To answer your original question - I went to an auction similar to this about a year ago. It was run by a national company called DoveBid and there was about 8 floors of office furniture, etc. but largely it was computer equipment.
They would sell a single item, like a monitor, and then in the next auction sell the same monitor in lots of 25 or 50. This would happen with all types of items. A single 3Com hub, and then 10 of the same hub bundled together.
The turnout for the auction was huge, as it was a very large and notorius bankruptcy in our city, so I guess all the P.R. made people curious.
But for whatever reason, the bidding was incredulous, and by that I mean downright foolish. Some sort of bidding fever I suppose. Many, many used items were selling for more than the cost of new, and it seemed like all were selling for well more than fair market value. I got fed up and decided to leave and come back the next day. The next day, nothing had changed. I never placed a single bid.
Later I heard horror stories about auction 'winners' who discovered their new computers were missing CPUs, hard drives, etc. Of course, everything was sold "as is".
Everything is lotted separately, but it would take days to get through it all if they auction each individual one. I'm thinking maybe they'll do "choice," then combine lots once bidding for indiviual items cools down. They have pictures of some of it on their web site. My husband looked at it and said, "No wonder they burned through 90 mil so quick!"
Pant! Pant!