Auctions
Online Auctions
For smaller equipment offerings, nothing beats the convenience
and affordability of an online auction. Equipment can be previewed
and inspected in-person the day before the sale or a 'virtual
preview' is posted in advance of the sale through text descriptions
and photographs. Online auctions are managed completely using
the computer and do not require a human auctioneer.
To allow bidders across the globe access to the sale, online
sales are usually 'open' for bidding for more than 24 hours. Lots
close sequentially in number order minutes apart, usually during
business hours, and will auto-extend if there are any last-minute
bids. Throughout the bidding process Bidders are provided with
clear and concise instructions and are even emailed after being
out-bid. For key items, hidden reserves allow our clients to solicit
bids while still protecting their financial interest. Finally,
an autobid feature allows users to enter their maximum price and
'forget it'. The system will place bids automatically, using only
as much as is needed to win the item.
Online Auction Payments
After the sale, Online buyers are emailed their invoices and can
pay through wire transfer or by a bank-guaranteed check or money
order delivered next-day to our main office. Taxes and buyer's
premiums (a service fee paid to Aleco Machinery) are adjusted
based on the buyer's tax class and payment methodology. Once invoices
are paid in full, buyers can remove their equipment themselves
or can contract with a packing, rigging, or shipping company.
 Visit
our E-bay Store
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