Government Auctions

Administrator — Thu, 01 Nov 2007 15:18:30 +0000

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

State Agency Auctions Going Strong

Administrator — Wed, 03 Oct 2007 13:58:56 +0000

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

Tennesse and Ohio

Administrator — Tue, 11 Sep 2007 15:28:45 +0000

At this time of year you usually hear about Ohio and Tennessee in regards to college football, but here at asset auctions we have events or our own that deserves some recognition.

Just starting up this year we closed deals with the state of Ohio and Tennessee to provide asset recovery services. This means that all assets owned or seized by these states will be slated for online auctions on our website. Over the last 4 years we have had a great relationship with the state of Pennsylvania which has included the Department of General Services, The Office of the Attorney General and the Penna Turnpike. We have helped the state of PA move everything from single-wide trailer homes to confiscated jewelry.

We have been on a continuous up-swing with Ohio and Tennessee and have regularly scheduled weekly auctions featuring roadwork equipment, trucks, government vehicles and general merchandise.

Michael Frate our managing director of government and Transportation Sales is busy working closely with both state agencies to identify assets for liquidation and his project manger, Clint Frances is busy posting auctions streamlining the process.

We are looking forward to a long and prosperous relationship with these new agencies.

E-mail and the RSS Feed

Administrator — Thu, 30 Aug 2007 16:57:50 +0000

Technology just keeps on changing and it’s always a tough line to walk between being behind the curve and too far ahead. One area that is always wrapped around controversy is e-mail. It is our intention to notify our buyers of events that we believe will spark their interest, but at the same time you want to make your e-mail notification system easy for your buyers to opt out of. We recognized this early on, because we too are consumers and have issues with SPAM or over marketed campaigns. As our company has grown, so has our client base and our buyer base. Each one an integral part of the equation. As a result of our growth, we sought out the advise of the Pennsylvania web design firm of CarneyFireman. With their input we have re-organized our website and have also added some functionality that we believe will give the buyers the ability to better monitor information. We started by redesigning our e-mails. We let the experts create a look and feel for the e-mails that mirrored our site. We wanted our buyers to be able to see, in a quick snap shot, the auctions being featured along with a list of current auctions that were open on the site. With the assistance of the CarneyFireman crew, we were able to achieve this. In addition we also had CarneyFireman set up and RSS feed that people can subscribe to. This gives a person and opportunity to receive a simple notification, on their own terms, every time there is an update or adjustment to the site. The RSS feed is one of the things that we found very interesting and we believe that we will be able to utilize it as we move into the future.

The End of Summer

Administrator — Thu, 30 Aug 2007 16:53:01 +0000

This weekend marks the last official days of summer. It’s been a good run for Asset Auctions LLC. We have run some great markets for our existing customers but have also finalized agreements with new clients too. Most notably, Asset Auctions LLC has secured contracts with both the State of Tennessee and the State of Ohio. These contracts were inked on the combined efforts of our sales force to customize or process to meet the demands of the work and also our continued success with the state of Pennsylvania. In order to better service all three state agencies, we reorganized our website to segregate the state auctions and our industrial auctions. We have two distinct buyer for each market, our surplus government buyers and our machine and tooling buyers. While we do experience some cross pollination between the two distinct buyer pools we also recognize the it’s easier on the buyers to be able to focus on the equipment that they are most interested. Our government auctions will feature a number of state vehicles along with road working equipment and seized items by law enforcement officials. Pretty much everything from diamond rings to dump trucks. It’s just another situation where we have been presented with an problem and we have provide a solution that works in favor of the client, Asset Auctions LLC and our buyers

Subastadebienes

Administrator — Thu, 14 Jun 2007 21:47:41 +0000

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.

Sell Sell Sell

Administrator — Fri, 01 Jun 2007 15:53:11 +0000

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.

Fireworks - A Success!

Administrator — Fri, 23 Mar 2007 16:40:24 +0000

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?

130 Presses and Counting

Administrator — Fri, 23 Mar 2007 16:26:21 +0000

About a year ago, we made a presentation to Tower Automotive. We were among at least 20 to 30 asset recovery groups that pitched them for their business, and out of all those groups they chose us. What it really comes down to is that they trusted us to not only protect the integrity of their infrastructure, but that we were able to follow through on our commitment to service and results. The fact is that we have a strong online presence which results in less overhead per project. Anytime that we can built an auction in cyberspace, we make it more cost effective and are able to reach a greater buying group.

One of the things that we did for Tower was to build a mirror site for them. This site looks and actually is part of our regular site, but is only accessible for specific Tower employees and buyers. We have basically built them a virtual warehouse where we can internally re-deploy assets from one Tower facility to the other. These assets are presented internally via our website and then they can be purchased from facility to facility. Once those assets have been in the virtual warehouse for a while, without any interest, they are “moved“ to a public auction on our public site. It works very well.

Right now we are in a “pre-sale” phase with over 130 presses that are available for immediate sale in four different Tower Automotive facilities in the united states. The first round of presses available via online auction will be from the Granite City, Il facility. Additional auctions will be hosted through July.

We continue to build on our relationship with Tower Automotive and have specific employees within our company that are assigned to monitor asset activity and provide a helping hand when needed. This is just another example of our company creating long term relationships with clients rather than only servicing companies that are in a liquidation phase. So often established companies that are market strong do not realize the potential of their assets in the auction market. Many times when machines go offline the emphasis is getting the new equipment in place to minimize downtime. But that emphasis on production is also a period of depreciation on the assets removed. We try to minimize that depreciation by exchanging those assets for revenue, that can often provide some financial relief for recently purchase machines. It’s a cycle that we believe works and has always put a smile on our clients face.

Textile Mill Equipment

Administrator — Thu, 08 Mar 2007 18:59:17 +0000

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.