Worlds 2nd on-line auction of Industrial equipment

FWM Plastics Production plant sale.

The team leveraged the success of the 1st on-line auction sale of British General Electric, to secure the 2nd International on-line auction sale, FWM Plastics. The FWM Plastics machinery sale sold 95% of the lots on offer, generating 1,609 bids from 49 companies across the 15 countries. The reserve price set for each item was achieved, and in some cases surpassed by as much as 12%.

Bidders were able to submit, monitor and track bids against the reserve prices for each item, all in real-time.

The advantage of the on-line auction method of sale, enabled bidders to procure good value equipment quickly and safely, and at a fraction of the cost compared to the conventional process of buying equipment in person. To ensure client confidence and satisfaction in the buying process, plastics machinery sales experienced specialists were on hand to advise on technical specifications, bidding process, technical support, machine suitability and equipment operational integrity.