12 – 14 January 2021 Auction of BioPharma Lab Equipment From Icagen
1 – 4 February 2021 Auction of Pharmaceutical Equipment – Former Assets of Youcare Pharmaceuticals
2 – 9 February 2021 Auction of Equipment – Major Nutraceutical Softgel Manufacturer
Used industrial machinery auctions
Federal Equipment focuses on major industries, such as pharmaceutical, chemical, packaging, food & beverage, and more. However, we do not hesitate to learn more about any industries outside of our core competencies. In this case, we will either run the auction or refer the seller to a competent auction partner who can handle the auction. With an auction, the equipment typically stays at the manufacturing facility and the seller participates in the sale. Nearly 100% of Federal Equipment’s auctions are held online.
Why Federal Equipment?
Federal Equipment has over 60 years of experience and expertise buying and selling used, idle, or surplus industrial equipment. With our industry and market knowledge and trustworthy reputation, you can be sure you’re getting the best return for your surplus assets when you leverage our industrial equipment auctions capabilities.
Looking to sell industrial equipment?
If you’re looking to sell industrial equipment, look no further than Federal Equipment. Selling equipment via an auction provides sellers with a number of benefits such as:
- Exposes assets to a number of pre-qualified prospects.
- Creates competition among buyers.
- Federal Equipment specialises in knowing what equipment is worth to end-users, bringing the best return for your capital assets.
- We can get a higher return for equipment sold from a manufacturing facility.
Looking to purchase industrial equipment?
Federal Equipment auctions provide a number of benefits to those looking to purchase used or idle industrial equipment, such as:
- Finding the best deals.
- Get the equipment you’re looking for.
- Purchase related assets from the same facility.
Frequently Asked Questions
What is the difference between an auction and a liquidation?Auctions take place very quickly, over a short period of time. They typically involve the equipment remaining at the manufacturing facility and the seller usually participates in the sale. Liquidation is the process of selling the assets of a business over a longer period of time in order to attain higher values that are closer to market value. In the case of a liquidation, Federal Equipment purchases the equipment, removes it, and brings it back to our warehouses to resell.
What should I know before I enter an auction?There are several important points to keep in mind prior to registering for an auction, particularly as most of Federal Equipment’s auctions are online:
- Review the terms & conditions of sale.
- Pay attention so you are not outbid.
- Evaluate the condition of the item you’re interested in before bidding – schedule an inspection to see the equipment before bidding begins.
- Decide before bidding begins, the price you’re willing to pay for an item.
An absolute auction is one where the property is sold to the highest bidder with no minimum or reserve price that must be met to complete the auction sale. In a reserve auction, there is a price that has been set between the seller and the auctioneer that must be met to complete the sale. This type of auction is typically used to provide the seller with security that they will receive a certain price to meet their sale goal.