New Website Developed to Determine What to Pay at Auction

To the hundreds of thousands of business executives and owners around the world trying to run their businesses better and help the bottom line by buying used construction equipment, determining how much to pay for and where to buy that equipment is a momentous problem.

 

Exactly how much is a Caterpillar 277B Crawler Skid Steer Loader worth? Until now, buyers and sellers had to rely on a combination of new equipment value, used equipment appraisal and educated guesswork. Those days are done.

 

A new and unique service, AuctionPriceResults, has been developed to help business executives and equipment owners determine how much to pay for equipment on the auction block and where to buy it. The site, www.auctionpriceresults.com, provides real-time actual auction pricing on six categories of commercial equipment: agriculture/construction, food service and food production, lab/medical, industrial machinery, and truck/trailer. The searchable database contains thousands of comparable values of equipment sold at auctions around the world.

 

The data is compiled through AuctionPriceResults’ proprietary algorithmic search software and the reporting of hundreds of associated auction houses so that users of the database get the price that buyers are willing to pay for the equipment in real time.

 

The price that a piece of equipment brings at auction is the most accurate reflection of Actual Cash Value (ACV) for that piece at that time, information that is an invaluable resource for every party involved in the transfer/exchange of equipment. Buyers, sellers, lenders, auctioneers, insolvency professionals, and appraisers use AuctionPriceResults’ vast database of ACV auction comparables to help them better manage their roles in the acquisition and disposition of assets.