Auction Process

Every situation that requires asset recycling is uniqe unto itself.  The first step is a proper evaluation.  The evaluation will allow the selection of the most efficient manner of asset disposition.

Next comes the interview process.  Premier will meet with you, the seller, to determine and understand your unique circumstances.  This information will be used to customize a specific proposal, uniquely designed for your needs.  For an auction sale, we will usually present several proposals that vary in the degree of financial risk.  Upon the selection of the right proposal for your situation, the auction process begins.  This is where Premier applies science to the art of auctioneering.

Each Formal Proposal includes a brief introduction, a financial section including evaluation, a marketing plan, a complete timetable, an explanation of the plan/process, and a list of references.  This process is tailored to every unique situation.

Premier Asset Recovery Group's auctions are totally computerized with a state-of-the-art system which provides for buyer registration, organized lot numbers, purchase price, billing, sales tax, internet online bidding, absentee proxy bidding, etc.

Premier's first action will be to describe and photograph all of the machinery and equipment with emphasis on the major items.  This information will be used for preparation of an illustrated auction brochure, media, journal advertisements, and a faxsimile graphic flyer campaign.

Throughout the duration of the media-marketing program, Premier's personnel will be at the site for the purpose of preparing the items for auction sale.  This involves cleaning, organizing, sorting, identifying, and ordering the lots. The lots are then numbered and entered with descriptions into the computer.  A buyer's guide will be prepared for each sale.

Prior to the auction sale, Premier's personnel will supervise the inspection of the equipment by prospective buyers, usually one or two days prior to the scheduled auction date.

Premier will be responsible for collection of all proceeds of the sale. Premier's personnel will supervise the removal of the purchased items.

Auction settlements are usually made two weeks after the auction sale date. Premier Asset Recovery Group is a results oriented organization striving to achieve the best possible results for our clients.