How is having an Auction perceived in the business world?
The old mode of thinking that having an auction means financial distress or despair is antiquated and virtually extinct. An overwhelming percentage of last year’s auctions were conducted for financially healthy companies and owners who were conducting inventory reductions, job completions, division phase-outs, or retirement sales. Public auctions are the most efficient and expeditious method of selling inventory, especially when combining construction equipment, trucks, and vehicles and related support equipment and assets of all sizes. Petrowsky Auctioneers includes in their advertisements an auctioneer’s note which offers a brief history of the equipment and its owners (i.e. maintenance, reason for sale, etc.) and as a courtesy, reviews all promotional text with the sellers for their approval.
