Equipment Auctions

The only true way of arriving at fair market value is to establish that value between two or more interested parties. If you will look at the value of an automobile, a U.S. Treasury bond or the works of Van Gogh, you will see that it is an auction that established those values. Auctions are the basis of value for almost every type of goods in the world today. Value of stocks, bonds, precious metals, commodities, livestock, antiques, the priceless of the world, real estate and yes even humble household goods are arrived at in a competitive auction bidding…. At an auction, the items are offered for sale and every person present has an equal opportunity to purchase. Because of open competitive bidding, the seller never has to worry about selling too cheap, and the buyer never has to worry about paying too much. Think about it! In short, an auction is the best way to bring together a willing buyer and a willing seller, which fulfills the true definition of “True Fair Market Value.” –Rich Haas, member of the Auctioneers Hall of Fame