There’s an old saying that two heads are better than one, and representatives with EHE Auctions say they are taking that same approach when it comes to its auctions by officially launching its Timed Auction.
“Our new Timed Auction service will serve as a complement to our Live Virtual Auction,” said Milissa Wise, Director of Operations for Expert Heavy Equipment, the parent company of EHE Auctions, which is owned and operated by 2 former female Marines.
EHE Auctions provides a service for individuals and companies that want to dispose of their heavy construction or farm equipment.
Wise went on to explain that a Timed Auction will run online for a defined period of time, allowing bidders to register and place maximum bids on items.
Bidders, according to Wise, are notified when they have been outbid, so they have an opportunity to raise their bid amount.
“The closing of a Timed Auction is determined by a defined end time with extended bidding if there are additional bids in the last few minutes,” Wise said, before adding, “When time is up, the highest online bidder wins.”
The Timed Auction, which is specifically geared toward individuals and companies that are buying construction, farm and industrial equipment or vehicles, benefits both buyers and sellers.
For sellers, Wise noted, it gives their equipment more exposure, because they will have two separate platform options they can choose from.
“It gives the buyers the opportunity to save time by not having to watch the auction online,” Wise stressed. “In addition, they will be alerted when they have been outbid, giving them the opportunity to submit another bid.”
Wise went on to point out that another good thing about using EHE Auctions is that unlike most auction companies that charge listing fees, plus 3 to 18 percent of the sales price, with EHE Auction, there are no consignment fees.
As to the main reason why anyone should give EHE Auction’s new Timed Auction, along with its Live Virtual Auction a try, Wise said, “EHE Auctions offers turn-key, stress-free online marketplace for buying and selling used heavy construction, farm and industrial equipment along with commercial vehicles.”