New real-time trading platform helps consignors to access a global market all day, every day
LAUNCHED in July 2020, the Daily Marketplace is a new 24-hours-a-day, seven-days-a-week online directory from Euro Auctions, accessed via a link on the company’s website homepage, that shows a range of equipment from around the globe for sale daily, in real time.
Consignors can now make ready equipment and machinery for sale without the need to wait for a scheduled Euro Auctions or Yoder & Frey sale. With a full description and an abundance of images and videos uploaded to the site, each lot shows the estimated value and current bid price as well as the number of bidders in the sale.
Buyers can buy equipment every day at competitive ‘buy now’ prices or negotiate with ‘make an offer’ options. They are also able to ‘Ask a Question’ about any item for sale as well as request a ‘transport quote’ prior to bidding.
For each lot to be sold, Euro Auctions will complete an inspection report, value equipment, publish the item on the ‘Daily Marketplace’, run a marketing campaign, hold the sale and pay the consignor once the buyer pays Euro Auctions.
The process is hassle-free for the seller, who has unlimited access to the vast Euro Auctions database of global buyers, and all sales can be conducted in a timeline to suite the consignor.
Jonnie Keys, Euro Auctions’ commercial manager, commented: ‘We hold over 60 live auctions each year, on four continents, in eight countries, with ‘off-site’ sales, all marketed to Euro Auctions large global presence and customer base.
‘The Daily Marketplace is the next logical step. allowing our buyers to find equipment on a daily basis, as well as helping our consignors to sell equipment between live auctions at a point in time to suit them.’