In addition to specialising in online auctions, at Corporate Auctions we can also offer to our clients a sale-by-tender asset disposal service. Sometimes known as a sealed bid auction, a sale by tender is the sale of an asset(s) to a party or parties who have been invited to place an offer. The asset(s) are then typically sold to the party which placed the highest offer; though in certain cases an offer, while not being the highest, may actually represent a better solution to the client. No offers are disclosed to another party.
Corporate Auctions utilises modern and traditional media sources and known markets to reach out to potential buyers who are already primed to buy such an asset. Quite often our clients wish to dispose of a niche assets whose market, though possibly small, is nonetheless existent and is actively searching – it is our job to ensure they find the asset(s) and to invite offers.
Auction versus Tender
As we have mentioned, a niche product may not be suitable for online auction but instead is ideal for sale by tender as buyers have the flexibility of taking time to consider each and every aspect, view the asset and make necessary enquiries or arrangements before placing a firm offer. The client is then in a strong position to consider all offers made and make a business decision whether to accept or reject an offer, or allow us to enter into conversation with a bidder to find an agreeable compromise.
We Handle Everything
As with an online auction, Corporate Auctions makes full use of online visibility to expose our client’s asset to potentially millions of users. Furthermore, it may be that an interested party is recommended to the asset by a third party who came across it accidentally.
As always we manage the collection of all funds and ensure that successful bidders receive and remove their purchases from site.
