On-Line Equipment Auctions Growing In Popularity

摘要

For many years, auctions have been a popular means of buying and selling just about anything - from real estate, farmland, furniture and other household goods, fine art and increasingly construction equipment.rnThere's something exciting about bidding and buying equipment at an auction, and experienced auction buyers seem to have a knack for acquiring good machinery at bargain prices. What's more, equipment auctions are big business. Auction giant Ritchie Bros, reported gross auction proceeds in 2007 of $3.19 billion.rnPopular internet auctions allow anyone to participate without leaving home. However, it's one thing to buy a camera, painting, personal or household items on line, but quite another to bid thousands of dollars for a piece of construction equipment without ever seeing it.