The next seven days we have a handful of government auctions closing Dumptrucks to surplus parts.  Click on the links below to view the offerings.  Remember that you can always sign up for our RSS feed:

Grader, Tractor, Paving Equipment and More from Various Townships - Auction #71101
For Additional Information Please Contact:
Clint Francis at 724-630-6615 or cfrancis@asset-auctions.com
http://www.asset-auctions.com/cgi-bin/mndetails.cgi?sallen51

Truck Tractors, Dry Van and Tank Trailers, Pickups, Box Trucks and Dump Truck from a Major Textile Mill #71101A
For Additional Information Please Contact:
Michael Frate (562)590-1413 or mfrate@asset-auctions.com
http://www.asset-auctions.com/cgi-bin/mndetails.cgi?sallen42

71106A Monthly Offering of Surplus Items from Various Pennsylvania State Agencies (Oct-Nov) Offered by Pennsylvania Department of General Services #71106A
For Additional Information Please Contact:
Clint Francis (724)630-6615 or cfrancis@asset-auctions.com
http://www.asset-auctions.com/cgi-bin/mndetails.cgi?sallen73

GOULDS 300 HP Pumps and RELIANCE 150 HP Motors from Bethlehem Water Department
For Additional Information Please Contact:
Phil Forester at 215-490-5891 or pforester@asset-auctions.com
Michael Frate at 562-590-1413 or mfrate@asset-auctions.com
http://www.asset-auctions.com/cgi-bin/mndetails.cgi?sallen45

PA Turnpike Surplus Parts Inventory Bowmansville Maintenance #71107
Clint Francis (724)630-6615 or cfrancis@asset-auctions.com
http://www.asset-auctions.com/cgi-bin/mndetails.cgi?sallen76

71108 - Dump Trucks, Pickup Trucks, Vans, and More from Ohio DOT #71108
For Additional Information Please Contact:
Clint Francis at 724-630-6615 or cfrancis@asset-auctions.com
http://www.asset-auctions.com/cgi-bin/mndetails.cgi?sallen86

We continue to post new auctions for the states of PA, TN and OH.  The PA Turnpike Surplus Parts Inventory, Poconos Maintenance auction closes today and then closing tomorrow is the PA Turnpike pickup trucks, tractors and vans auction.  If you are in the market for a commercial vehicle or some road work equipment, I highly recommend keeping an eye on the site.  We will continue to list rolling stock, roadwork equipment and commercial and seized vehicles for each of these state agencies.  If you need more information about any of these auctions, please feel free to contact Clint Francis at cfrancis@asset-auctions.com

Yesterday our Mexico City office closed an auction for Aeromexpress.  Aeromexpress is an international cargo and logistics company that provides cargo services world wide.  The company had a problem and they looked to auctions as a way to solve that problem.  Logistics and transportation have always been a big business world wide and as more and more people are using cargo services, the more and more items are being shipped world wide.  One problem that Aeromexpress started to have was what to do with all the items that were never claimed.  As these assets started to build up, Aeromexpress wanted to look for new solutions to help them move these items out of their warehouses and make room for legitimate storage of assets for their continued customer base.

After contacting three other liquidation companies in the United States and Mexico, Asset Auctions was awarded the contract to list these assets for auction on our proprietary auction site.  This auction was not only listed in Mexico, but it was also listing on our American website and was given notice in numerous e-mail campaigns to both Latin and Northern America.

The auction was a huge success for our Mexico City office and Aeromexpress was very satisfied with the outcome of the auction.  We were able to get good prices for the items and were able to have a strong sell through percentage that is going to me more space for their existing customers and less headaches for the folks in the warehouse trying to deal with excess inventory.

This deal was all part of Aeromexpress contacting us via our web presence, just goes to show that the pipeline flows both in an out.

We have been rolling since the beginning of the year and this month is no exception.  It always amazes me how much our customers take to our online auctions.  It’s a great option for our clients.  It keeps cost down by reducing the number of times that a person has to “touch” an asset before we can put it up for auction. 

My auction experience has been in everything from live auctions to mass listings on eBay and I’ve never seen a proprietary auction site perform as well as ours.  It just goes to show that our ability to market our website and market our items is really paying off.

Bar Stools to bagging equipment, forklifts to material handling . . . it’s all there!  Check out our current auctions at:  www.asset-auctions.com

One interesting auction that is scheduled to close mid June is our textile auction for West Point Homes.  We have run a few sales with great success for West Point Home, but this particular auction was a bit different since the equipment is house in a plant in The Kingdom of Bahrain.  Our textile equipment expert, Michael Frate took a lengthy flight to the East to tag this auction and get things prepared for sale on our site.  We anticipate a great sale here and are looking forward to the opportunities that this auction could provide.

Our machine and tooling department continues its relationship with Tower Automotive and the trucks and transportation crew are busy working to help the Pennsylvania Department of General Services with various liquidations. 

June looks like it’s going to be another great month.  It’s going to be a lot of work, but work that is going to result in successful auctions.
 

A few days ago I wrote a post about a seized fireworks auction that we ran for the PA Department of General Services.  Well it all came down to working the phones and getting people excited about confiscated fireworks.  This isn’t a commodity that we see very often and we will be lucky if we run another auction for fireworks, but it just goes to show that anything can be sold at auction.  At the end of the day the results we great, the DGS was happy and the high bidder is going to have a great 4th of July!  Now fireworks aren’t exactly our specialty like machinery and rolling stock, but the fact of the mater is that PA had a problem and we provided them a solution.  My assumption is that in the past the DGS either sold these fireworks directly to a licensed firework buyer or they had a clucky bid/ask based process that I’m sure was more than a headache for someone whose job description isn’t selling fireworks.  So not only did we solve the problem of getting rid of the fireworks but we created a competitive bidding environment which always has positive results.  It will be interested to see what’s in store next from the DGS.  I thought that a church organ and pews would be the most interesting thing.  But then we were giving three trailer homes and fireworks. What’s next?

With the tremendous success of our previous textile mill auction we are please to announce round two.  Michael Frate posted the next installment of textile mill equipment from one of the countries major textile companies.  This auction features: TSUDAKOMA Airjet Looms, SCHLAFHORST Open End Spinning Frames, MURATA Vortex Spinning Frames, Draw Frames, Backwinders, Warpers, Slashers and More.  These assets are all located in South Caroline and Alabama.  This auction is unique because there are only a few companies in the world that are interested in bidding on this type of equipment.  There are always growing concerns about accepting international funds, but our accounting department has a built in process to verify and accept these moneys and turn them into revenue for our clients.  Our success in this space just shows that our auction platform can transcend the language barriers and utilize the power of the internet to create a stellar return for our clients. 

Asset Auctions LLC continues to move forward in 2007.  With the addition of a few staff members, we are sure to exceed the expectations of our clients and customers.  

January shows a great start with our second textile mill equipment and SULZER projectile looms from West Point Home.  This auction closes on the 16th of January and is sure to be a popular auction for our international buyers especially those located in India.  We have always had a lot of international interest in our auctions and we have developed processes to insure the transfer of funds to complete the transactions. 

Closing later this month is an auction for tractor equipment from the Pennsylvania Game Commission.  This is just another example of our continued relationship with The Department of General Services for Pennsylvania.  We will continue to help with the liquidation of assets for the DGS.  We have helped them with everything from church organs to front end loaders.  Each year we host live auctions for both PennDot and the Turnpike. 

Completing the listing of auctions to date is the INGERSOLL RAND Centac High Horsepower Air Compressor auction.  This sale will close on the 24th.  Offered are 11 high horsepower air compressors.  

Take a few minutes and click over to our website at www.asset-auctions.com.  Registration is free and will automatically set you up to receive auction notification e-mails.  It’s the best way to stay in touch with all our offerings.  

For questions regarding our blog or information about upcoming auctions, be sure to drop me a line at jdowning@asset-auctions.com 

Thanks, 

James