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Surplus Record is the leading independent business directory of surplus, new, and used machine tools, machinery, and industrial equipment in the United States. It was founded in 1924 by Thomas P. Scanlan . The monthly directory, which is hundreds of pages long, has been referred to as "the bible of the used and surplus capital equipment ...
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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Liquidity Services was co-founded by William P. Angrick III, Jaime Mateus-Tique, and Ben Brown in 1999. It was branded as Liquidation.com and was a B2B auction marketplace that connects sellers to buyers. [5] The platform allowed retailers to resell retail returns and overstock [6] and enabled buyers to access bulk lots of surplus merchandise. [7]
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