Aucto.com announces Tenders as the newest sale type for corporations to sell their surplus industrial assets.
BUFFALO, N.Y., Feb. 4, 2020,/PRNewswire/ — Aucto.com, a leading online industrial marketplace for corporations, released its latest selling method, Tenders. Modeled after a seal-bid auction format, Tenders provide corporations with another way to sell surplus and used industrial equipment, machinery, and parts. The new selling format offers sellers another sale variety to sell industrial assets that may not traditionally perform well in an auction format.
Jamil Rahman, Aucto.com’s Founder, and CEO, comments: “Many of our enterprise sellers are looking to sell high value or unique equipment, machinery, or systems which there may be limited demand for in the secondary market. By utilizing Tenders, Sellers can expose their assets to the marketplace in a low-risk format that lets the market dictate the price through a competitive bidding process.”
The new selling format allows sellers to offer a single or group of assets for sale and set an expiry date for when all bids are due. Aucto then markets the assets to its global buyer base, who can submit their best offer for those assets in a sealed bid format. Once the Tender expires, sellers review the bids and can award the sale to the highest bidder.
Initially launching in 2015, Aucto.com was born out of the recognition that the dominant liquidation model was failing to meet the needs of enterprise sellers. Challenging the traditional method of liquidation, Aucto.com sought to provide corporate sellers with five core differences to fulfill the needs of sellers.
These five core differences include:
To learn more about Aucto and how to leverage this new feature for selling industrial equipment visit Aucto.com.
Aucto is an online enterprise platform where industrial machinery, equipment, and parts can be sold via auction or tender sale events. The platform provides enterprise sellers with a global buyer market and gives buyers the ability to purchase industrial equipment from government, public and private enterprises. Unlike other alternatives, Aucto provides sellers with control, transparency, and support for their asset sales, and maximizes asset value by bringing motivated buyers to each sale event at no cost to enterprise sellers.
Aucto enables sustainable buying and selling of business and industrial assets that may otherwise end up in landfills, with a digital platform that helps generate millions of dollars in value.
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