Online Commercial Auctions
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As business owners, we understand the need to sell business assets and try to get as much money for them as possible. We are experts at liquidating business assets. Our platform we use is a national based platform which means your items get maximum exposure.
Online commercial auctions are similar to sales avenues, but with many more benefits!
3 major benefits of hiring Coughlin's to manage your business liquidation auction:
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1. Maximum exposure, which translates into higher sold prices
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2. When you create competition, your items sell for full value. You never discount at an auction, like you do with other sales avenues.
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3. Complete Transparency. You get a detailed list of everything that sold for at auction. You can also monitor your auction online.
The COUGHLIN Difference
Coughlin's Auctions
Estate Sales Companies
Professional
Marketing
Coughlin's Auction employs a comprehensive advertising plan that includes both national and local email and social media marketing campaigns. We ensure maximum exposure for every auction by advertising on reputable platforms.
Privacy
Transparency
At the conclusion of the auction, you will receive a comprehensive accounting detailing each item and its final selling price. Additionally, you have the option to monitor the auction in real-time as it progresses, with prices remaining visible online throughout the event. After the auction concludes, all prices remain accessible for review on the auction platform.
The address to the property is exclusively provided to winning bidders and registered previewers.
Reduced Wear and Tear
By limiting access to only winning bidders and registered previewers, there will be significantly less wear and tear on your property.
High Sell
Through Rate
Coughlin's typically boasts an impressive sell-through rate ranging from 90% to 97% at auction. This high sell-through rate translates to more money for you as the seller and fewer items to worry about after the auction concludes.
Competitive
Bidding
Larger
Audience
Auctions introduce competition among bidders, leading to increased bids and driving prices up. Coughlin's facilitates this competitive atmosphere, ensuring sellers achieve optimal returns on their assets.
Coughlin's has a widespread network of buyers spanning across the country, and we offer convenient in-house shipping services (buyers are responsible for covering all associated shipping costs.)
Less Risk
Comprehensive
Insurance
Coverage
At auction, the market determines the price, effectively eliminating the risk of someone pricing an item incorrectly.
Coughlin's maintains comprehensive insurance coverage to safeguard your auction event. Additionally, we carry workers' compensation insurance for every member of our staff, ensuring that liability is removed from our clients in the event of an employee injury while at their house.
COUGHLIN'S Guarantee
Maximum Auction Exposure
Get a detailed list of your auctioned items and their prices. Monitor live auctions online.
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Prompt Settlement
Your items are handled with utmost care and security from signing to auction.
Expertise You Can Trust
Our auction experts provide accurate descriptions and titles for your items, highlighting their unique features.
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Client Privacy
Detailed settlement statements and payment processing within 30 days of sale, subject to agreed terms.
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No Cancellation
Once the contract is signed, we are committed to seeing the process through.
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Found Money Policy
Money discovered within an auction is promptly returned to the consignor. ​
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Transparent Communication
Clear and timely communication throughout the consignment process.
Secure Handling​
Your items are handled with utmost care and security from signing to auction.
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Hosting Your Online Commercial Auction with Coughlin's Auction
A Step-by-Step Guide
1. Contact Coughlin's:
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Reach out to the nearest Coughlin Auctions location via our website or contact information.
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Provide details about your auction and your goals for the auction.
2. Consultation and Agreement:
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Schedule a consultation with our experts to discuss your needs.
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We'll explain our services and answer any questions you may have.
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Sign an agreement outlining the terms of the auction.
3. Preparation:
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We'll prepare your items for sale, following our guidelines.
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We'll clean, organize, and photograph your items.
4. Listing Creation:
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We'll provide information and images for listing creation.
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We'll create attractive listings for each item with detailed descriptions and photographs.
5. Launch Your Auction​​
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Bid starts now! Your auction is live; we will list your auction and inventory to our auction platforms.
6. Advertising:
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We'll promote your online commercial auction through various channels to attract potential buyers.
7. Preview Period:
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Potential buyers will have the opportunity to preview items in person.
8. Auction Day:
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Bidding will commence on the scheduled auction day.
9. Closing:
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Once the auction ends, we'll notify winning bidders.
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We'll handle payment and pickup arrangements.
10. Post-Sale Services: -
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We may offer additional services, such as arranging removal of unsold items.
11. Settlement: - After the auction concludes, we'll initiate the settlement process:​
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Our team will ensure smooth transactions, handling payments securely and efficiently.
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If needed, we can assist with the removal of unsold items as part of our post-sale services.
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We'll maintain clear communication and transparency to ensure a seamless experience for all parties involved.
12. Feedback and Follow-Up: - Provide feedback about your experience and discuss any further assistance needed.
At Coughlin Auctions, we're dedicated to making your online commercial auction a success.