Tool auction: Buy used tools at auction

Whether power tools, hand tools or battery tools - it is not uncommon for a high investment requirement to arise for these mobile assets. It is therefore worthwhile to take part in a tool auction at Greenfield Auctions!

At our tool auctions, every tool is sure to find a new owner. Unlike the usual purchase of second-hand goods, a tool auction offers tangible advantages. After all, you don't have to deal with lengthy negotiations and different sellers.

What is a tool auction?

At a tool auction, various tools from company insolvencies, company liquidations, workshop liquidations, etc. are auctioned off for the highest bid.

The bidder with the highest willingness to pay is awarded the item he has chosen in advance. A large selection of tools is auctioned off.

Whether individual power tools, a collection of hand tools or special tools. In tool auctions, interested parties from a wide range of industries find what they are looking for. In this area, the range is large and is carried out by numerous auction houses.

Everything that is suitable for cutting, shaping and joining materials can be found at an Greenfield Auctions tool auction.

Advantages of a tool auction

The advantages of participating in a tool auction are obvious. After all, at such an auction you can often buy tools at a very favourable price. In addition, all products offered are available very quickly. Especially the quick availability is enormously important for many bidders if they want to react to short-term increases in demand.

Thus, auction houses offer a great opportunity to find new tools quickly. On the seller's side, tool auctions mean quick liquidity and thus the opportunity to reinvest the proceeds generated. Particularly appealing for companies planning a workshop liquidation or factory closure. 

In contrast to a classic face-to-face auction, an online auction can be expanded at will, so that even large liquidations do not have to be specially subdivided. Above all, this saves time in the search for suitable tools and information. An online auction is also very interesting for sellers, because with an increasing number of participating bidders, the hammer prices also grow steadily.

Consequently, we as an auction house enjoy an ever-growing community.

What do I have to bear in mind when auctioning tools?

Most auctioneers specialise in certain industries. Accordingly, exactly the right audience is addressed at a tool auction. For this reason, you should not look for the right buyer, but rather use the best marketplace. It is not uncommon for sellers to achieve significantly higher realisation proceeds with this method.

In order to participate in a tool auction as successfully as possible, you should follow a few tips. A smooth auction can only take place with an experienced auctioneer and certain strict legal requirements. As a rule, the buyer has to pay a so-called buyer's premium after the hammer falls. The buyer's premium is usually in the range of 15 to 20 percent. Basically, every tool auction proceeds in the same way.

Bidders have the opportunity to take a close look at the tools in advance. The basic rule at a tool auction is: bought as seen. The bidder who has won the auction therefore has no possibility to return the tools. Nor does the consignor have to provide a warranty or guarantee, as it can be assumed that a knowledgeable buyer is in a position to check the condition of the tool.

Have your items appraised to get the best possible results at a tool auction. For more information, feel free to visit our FAQs.