Streamlined Disposal and Auctioning of University Machinery by New England Auctioneers
Introduction
New England Auctioneers successfully managed the disposal of machinery and equipment from a university, employing efficient procedures for valuation, acquisition, transportation, cataloging, and online auction. The case study elaborates on the process and highlights the successful online auctioning of 60 lots, including notable machinery like the Bridgeport VMC500 16 Vertical Machining Center, Harrison Alpha 1350S CNC Lathe, and Cad Cam Technology FB 1500-100 Laser Cutter / Engraver .
Background
A university in the New England region sought to dispose of surplus machinery and equipment, comprising advanced tools such as a Bridgeport VMC500 16 Vertical Machining Center, Harrison Alpha 1350S CNC Lathe, and Cad Cam Technology FB 1500-100 Laser Cutter / Engraver . New England Auctioneers was engaged to facilitate the efficient disposal and ensure maximum returns for the university.
Valuation and Acquisition
New England Auctioneers conducted a comprehensive valuation of the machinery and equipment, considering factors like age, condition, market demand, and technology advancements. After the valuation process, an outright purchase deal was proposed to the university, which was accepted. New England Auctioneers acquired the machinery and transported it to their 15,000 sq ft warehouse, equipped with a 20-tonne overhead crane for efficient handling.
Transportation and Warehousing
Utilizing their 20-tonne overhead crane, New England Auctioneers efficiently transported the acquired machinery to their headquarters. The expansive 15,000 sq ft warehouse facilitated safe storage and organization of the equipment, preparing it for the online auction.
Cataloging and Preparation for Auction
In the warehouse, the machinery and equipment were meticulously cataloged, photographed, and documented to create a comprehensive inventory for the online auction. Detailed descriptions and images were compiled to provide potential buyers with accurate information about each lot. This process ensured transparency and facilitated informed decision-making by prospective buyers during the auction.
Online Auction and Success
New England Auctioneers organized and hosted a successful online auction, presenting the 60 lots, including the Bridgeport VMC500 16 Vertical Machining Center, Harrison Alpha 1350S CNC Lathe, and Cad Cam Technology FB 1500-100 Laser Cutter / Engraver . The auction garnered significant interest from a wide audience, resulting in competitive bidding and successful sales.
Conclusion
New England Auctioneers demonstrated their expertise in efficiently managing the disposal and auctioning of machinery and equipment from the University. Through thorough valuation, streamlined acquisition, safe transportation, and meticulous cataloging, they ensured a successful online auction, maximizing returns for the University while finding new owners for the machinery in an efficient and transparent manner.