Sealed Bid Sales Events
Equipment Sealed Bid Sales
IronMarket helps sellers market verified equipment through confidential sealed bid sales events. Buyers review photos, videos, equipment details, and Verification information before submitting their best offer.
Confidential Bidding
Bids are kept private until the event closes. Other bidders do not see bid amounts, and only each bidder’s highest submitted bid is considered.
Verified Equipment Details
Listings can include independent Verification information, photos, videos, identifiers, hours or miles, and condition details to help bidders make informed offers.
Seller Control
At the end of the sealed bid sales event, offers are presented to the seller. The seller can select a bid or reject all bids.
How IronMarket Sealed Bid Sales Work
- The equipment is documented through an IronMarket Verification or listing process.
- The equipment is placed into a sealed bid sales event and marketed to the IronMarket buyer network.
- Buyers review the listing and submit confidential bids before the event closes.
- When the event closes, all qualifying bids are presented for seller review.
- The seller chooses whether to accept a bid or reject all bids.
Best Fit For
- Equipment liquidation sales
- Surplus equipment sales
- Fleet and inventory reduction
- Construction equipment remarketing
- Private or public sealed bid sales events
Sealed Bid Sales FAQ
How to bid in a sealed bid sales event
- Create an IronMarket account, or accept the invitation your agent sends you.
- Open Sales Events to see the events that are open or starting soon.
- Choose "View All Lots" on an event. Each piece of equipment is its own lot.
- Choose "View Lot" to see the photos, video and verification details. The bid box appears once the event opens.
- Enter your highest sealed bid and choose "Place Bid". Only you can see your bid.
- When the event closes, the bids go to the seller, who accepts one or rejects them all. Sellers usually decide within about two days, and every bidder is told the result.
Get it verified first
Buying or selling equipment you can't inspect in person? A third-party independent agent can record its serial number, hours and condition on site before money changes hands.
