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The Surplus Record has been available online since 1986., when buyers would use 2400-baud modems to access it. Currently, it is the largest online directory in the world for surplus capital equipment. The company started its own online auctions in 1999, a year before it was acquired. Services
April 15, 2024 at 3:10 AM. WISCONSIN RAPIDS – Paper machines and other equipment will be auctioned off later this month in Wisconsin Rapids. Verso announced in June 2020 it would idle production ...
Ritchie Bros. Auctioneers was established in Kelowna, British Columbia, Canada. A Canadian company which the three Ritchie brothers – Ken, John and Dave Ritchie – took over the OK Used Furniture Store from their father in 1955. They entered the auction business in 1958 when they needed CA$2,000 to pay a bank debt on short notice.
A reverse auction (also known as buyer-determined auction or procurement auction) is a type of auction in which the traditional roles of buyer and seller are reversed. [1] Thus, there is one buyer and many potential sellers. In an ordinary auction also known as a forward auction, buyers compete to obtain goods or services by offering ...
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