How Do You Organize A Boat Auction?
An auction can be a great way to sell off excess boat inventory that has accumulated through repossession or salvage. Getting the word out isn’t too difficult, as the boating community in your area will quickly pass the word. Finding a location, getting proper titles and preparing the boats are the biggest hurdles to overcome when organizing a boat auction. Talk to local marina owners. They are often open for special events such as an auction that will pull in more customers. You can use the parking lot by roping off an area. Leave room for people to walk among the boats for sale prior to the auction. Find a parking lot whose business is closed on Sundays. Office buildings, banks and some stores will rent their space or let you use it for displaying the boats. A creditor with many boat repos on their books could provide a great location to hold the auction. Set up a table with bid sheets that include as much information about the boat that you have at hand. Disclose any defects. Leave
