Ten Things Asset-Based Lenders Should Know About Machinery & Equipment Auction Sales
The auction platform is now more popular than ever, with more choices for both sellers and buyers. To the finance industry, public auctions were once considered “fire sales,” representing the lowest possible recovery. Today, a properly conducted and executed auction sale strategy will reach a more active, targeted market, at a far lower cost, and generate greater net proceeds than an extended orderly liquidation.
August 1, 2011
auction sale | Liquidation
ABF Journal