Blogs

What is Buyers Premium in an Auction: All About Buyer’s Premium

What is Buyers Premium in an Auction: All About Buyer’s Premium

If you have ever seen an auction, you must have heard the term “buyer’s premium”. Although you might think it’s just some arbitrary additional fee,…

How to sell business equipment

How to sell business equipment

If you are planning to close a business or you have surplus equipment or inventory, how do you go about selling it? We understand this…

Where Can I Sell Used Restaurant Equipment?

Where Can I Sell Used Restaurant Equipment?

You can get maximum dollar value selling restaurant equipment at auction! Selling used restaurant and food service equipment can be a simple task or it…

What is a Soft Close or Dynamic Ending of an Online Auction?

What is a Soft Close or Dynamic Ending of an Online Auction?

What is a Soft Close or Dynamic Ending of an Online Auction? So you placed your bid on an item during the last minute of…

Swenson Conducts Successful Benefit Auction in Detroit

Swenson Conducts Successful Benefit Auction in Detroit

On June 10th Scott Swenson conducted a benefit auction in Detroit, MI for the Belle Isle Conservatory. With only 5 lots in the auction Swenson…

Auction Removal – What Buyers Need to Know

Auction Removal – What Buyers Need to Know

By W. Scott Swenson, CAI, GPPA Problem I have been a professional auctioneer since 1983 and our company has conducted over 3,000 auctions during that…

Auctioneer: When You Need to Hire One

Auctioneer: When You Need to Hire One

Ever wanted to hire an auctioneer? Auction professionals work all around the country selling all kinds of assets. So, if you have assets to sell…

How to Calculate a Buyer’s Premium

How to Calculate a Buyer’s Premium

Auctions frequently utilize a buyer’s premium, which is a percentage of the final bid price, added to such to then calculate the final sales price.…