Hands raised in the air

AUCTIONS TAILORED FOR YOU

We can quickly set up, market and auction your assets. Tru-Forward has experience in a wide variety of auction types, from livestock to real estate and everything in between.

We are detail-oriented and widely advertise so each auction reaches its full potential.

REASONS YOU MAY NEED AN AUCTION

WHEN YOU CONTACT US FOR AN AUCTION, YOU’LL GET:

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What we’ll need from you:

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What you can expect during your auction:

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LET’S GET TECHNICAL

What is an auction?

An auction is a system of buying and selling goods or services by offering them for bidding—allowing people to bid and selling to the highest bidder. The bidders compete against each other, with each subsequent bid being higher than the previous bid. Once an item is placed for sale, the auctioneer will start at a relatively low price to attract a large number of bidders. The price increases each time someone makes a new, higher bid until finally, no other bidders are willing to offer more than the most recent bid, and the highest bidder takes the item. An auction is considered complete when the vendor accepts the highest bid offered and the buyer pays for the goods or services and takes possession of them. (Source: Corporate Finance Institute)

The types of auctions we do:

Fair Market Value (FMV):

  • This type of auction is typically be used for fundraisers, non-profit organizations, and auctions open to the public.
  • Some auctions offer warranties, reserves and consignments.
  • It is most appropriate for instances where there is no urgency to sell. 

Fair Market Replacement Value (FMRV):

  • This type of auction is typically used for non-profit organizations and fundraisers.
  • People attend these events for specific, often personal, reasons and are willing to financially help the cause. These are stress-free, fun-filled environments. 
  • It is most appropriate for instances where there is no urgency to sell.

Orderly Liquidation Value (OLV):

  • This type of auction is typically used for wholesale auction between dealers.
  • Open to public and everything usually is sold “as is, where is”.   
  • It is most appropriate for instances where there is urgency to sell but with a reasonable amount of liquidation time.

Forced Liquidation Value (FLV):

  • This type of auction is typically used for XXXXXX 
  • Open to XXXXXX and everything is sold “as is, where is” – everything must be sold.
  • It is most appropriate for instances where there is urgency to sell.

LET’S WORK TOGETHER

We look forward to working with you to tailor our services to your needs and give you the highest quality advice and service possible.

MAKE ENQUIRY