Yuuuuup - Auction Websites in Ontario !
Perhaps its because of the hit TV
series "Storage Wars" going to auctions of all types has become very
popular. Both for personal and for business purchases. Visiting auctions can be a great way for a new business to
get started. If you are looking for office furniture and factory
equipment there are always great bargains to be had.
Be extremely careful when computers,
flat screen TV's and other technology items. You must know the value
of these items before bidding. People go crazy about these items and
auctioneers know it. In the heat of the moment people often pay more
for a used computer that is several years old then they would brand
new in a retail store.
Bear in mind you are buying items as-is
where-is and there is always the possibility that the item you are
buying wont work or be damaged in some way. Take advantage of the
inspection days that most auctioneers provide and factor the risks
into the maximum price you are willing to pay for an item. Record
this information and have it handy when the auction starts and you go
to bid.
Auctioneers often will refuse to sell
an item if it does not draw a high enough price, they will withdraw
the item and list it in a future auction where they hope it will gain
more more attention. In general it pays to find an item you are
interested at an auction where the majority of bidders are not
looking for that kind of item. You want to be the only person bidding
on it.
Auctions most often charge a fee over
and above what you pay for the item. This is called a “buyers
premium” and usually goes to cover the cost of the auctioneers
services. You have to factor in this cost. As well, You also have to
pay all applicable sales taxes.
The internet has revolutionized the
auction business. Many auction houses use the services of
www.bidspotter.com which allow users to view the auction live and bid
online without actually being at the auction. This increases the bid
frenzy dramatically and drives up profits for the auctioneers. But
its great if you want to log on as a guest and get a feel for a live
auction and see how the auctioneers work the audience.
Registering with Bidspotter is simple
and is no different than registering for an auction in person. The
main difference is that you can bid in auctions across the continent.
Just bear in mind that if you win a bid you will have to pay to
arrange shipping and delivery to your location if you are unable to
pick the item up your self.
List of auction websites May 2012
Fair warning !, Auctioneers websites
are sometimes not exactly what you would call user friendly. Some like to hide
their latest auctions and make it a challenge for you to figure out
where they are. You can always throw your hands up in frustration and
find the local auction listings in the Toronto Star any Sunday. With
dilligence, you can plan out your next auction excursion
Abco Food Equipment
This company sells primarily restaurant
items and with the frequency that restaurants go bankrupt, its got to
be a great business. A great place to find ultra expensive espresso
machine you have always wanted. Many auction houses also double as
sales outlets for brand new equipment.
Asset Services, Auction and Appraisals
Mostly industrial sales of machinery.
If you are intimately familiar with the equipment, you can find great
bargains if you are willing to tolerate the risks.
Auction Advertiser
A directory of mainly estate auctions
taking place throughout Ontario. Click on any day in the calendar to
find auctions taking place.
Corporate Assets
Upcoming auctions are listed in the
Toronto Star on Sunday if you get frustrated with their website.
Danbury Sales
Up until recently had a retail store
location on Lakeshore road in Oakville where you could buy items from
their auction sales. Now they seem to have returned to their core
business of industrial and commercial auctions.
Hilco Asset Sales Canada
URL redirects to Hilco Industrial
auction site in the USA which does list auctions in Canada.
Infinity Assets Solutions
Mostly company equipment auctions. You
can use bidspotter.com to join in the bidding without being there.
National Surplus
Hamilton based business selling industrial items from auctions and bankrupcies
http://www.nationalsurplus.net/home/
Northern Auction Service Inc.
Hold regular sales at the sherwood
auction sales in Milton, a nice room used by several auction houses
where you sit in old church pews while you bid on items. Even if you
dont buy anything, the bacon on a bun they serve in the back is worth
the trip.
Principal Liquidators Inc
Wildly popular auctions every Tuesday
in Mississauga go on until Midnight. Principal Liquidations are also
well known for their hardwood flooring material auctions.
Studio 1 Auctions
Sparse website but do show pictures of
upcoming auctions.
If you have any comments or suggestions for great auctions in Oakville, Burlington and the surrounding area, feel free to post them !
posted by Adrian D. @ 11:08 AM
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