Newsbot Posted November 12, 2007 Share Posted November 12, 2007 Machinery and vehicles are to be sold at auction by the Isle of Man government. Source : http://news.bbc.co.uk/go/rss/-/1/hi/world/...man/7091281.stm Link to comment Share on other sites More sharing options...
thesultanofsheight Posted November 12, 2007 Share Posted November 12, 2007 Machinery and vehicles are to be sold at auction by the Isle of Man government. Source : http://news.bbc.co.uk/go/rss/-/1/hi/world/...man/7091281.stm Maybe the inclusion of a date and a time might have made this irrelevant piece of information vaguely more informative. Link to comment Share on other sites More sharing options...
keyboarder Posted November 12, 2007 Share Posted November 12, 2007 It says Saturday 1st December. Link to comment Share on other sites More sharing options...
Mr. Sausages Posted November 12, 2007 Share Posted November 12, 2007 Potential bidders can view the items at Ellerslie plant depot for a few days before the sale, which will be held on Saturday 1 December. "In the past all vehicles and equipment have been sold using sealed bids so the auction adds a new dimension to the process and if successful may be carried on and used in future sales. "People who cannot attend the auction still have the opportunity to put a sealed bid in prior to the auction." Can't help with the time, though. Link to comment Share on other sites More sharing options...
keyboarder Posted November 12, 2007 Share Posted November 12, 2007 I wonder why they've decided to go down the auction route, rather than the sealed tenders? It seems like a good idea to me, I've submitted what I considered to be fair offers on a number of vehicles to the dot in the past, with no success, and no subsequent knowledge of the prices agreed on. I'm tempted to wander down and see what sums they achieve, though I won't be buying myself, lol....... Link to comment Share on other sites More sharing options...
Alias Posted November 13, 2007 Share Posted November 13, 2007 How does it work having both an auction and sealed bids? Is it like before where you just have to guess whether your bid is above any secret ballots (and winning the auction might not be good enough)? Link to comment Share on other sites More sharing options...
andrew Posted November 13, 2007 Share Posted November 13, 2007 I think they will will have a "minimum price" set for each vehicle. Just before the auction starts, they open the sealed bids and the highest offer will be the starting bid. If that sealed bid or the auction itself doesn't get above the "minimum" then the vehicle won't be sold. Link to comment Share on other sites More sharing options...
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