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What is an online forward auction?

April 26, 2017auction forward online

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What is an online forward auction?

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Online forward auctions are an ideal way to sell capital equipment, materials and services, such as when you need to liquidate excess inventory. With an online forward auction you initiate the auction by letting buyers know what products or services you want to sell. Buyers compete against each other in Web-based, real-time auctions, driving up demand and price as they bid.