Recovery Platforms | Winternitz

A solution for every scenario

Winternitz Industrial Auctioneers & Appraisers Recovery Platforms are designed for your specific needs. Start to finish, including project assessment, cataloging, pricing, marketing, inspections, auction, removal, and clean-up, if required. We utilize several auction methodologies and technologies in order to meet the needs of our Clients and maximize convenience for buyers:

Global Online Auction Sales

The most efficient, flexibility, and convenient platform. Our Online Auction platform uses the most advanced auction technology, enhancing the Buyers experience and facilitating high recovery values. More cost effective for both Buyers & Sellers…

To accommodate global bidding, auctions are “LIve” and accepting bids as soon as the catalog is ready to post. Whether it is 3-Days or 3-Weeks before the auction date, we are happy to receive any/all bids. Lots close sequentially (usually minutes apart), and will auto-extend if there is active bidding during the last 5-Minutes of each Lot. Winternitz Industrial Auctioneers & Appraisers uses technology to keep all bidders informed for the duration of the auction, including providing an auto-bid feature which allows bidders the option to enter their maximum price and our system will automatically manage the head-to-head bidding for the participant, bidding only at increments at, or below, what is needed to win the item. If a bidder is outbid on a Lot, our system provides automatic notifications via email to that bidder. The auto-bid or max bid feature is an excellent way for bidders to not have to continuously monitor the sale.

Orderly Liquidations

Orderly Liquidations are used when there are a limited number of machines to be sold, more specialized, limited marketplace or require a longer sale cycle. Items at this type of sale are not offered at an auction but instead for a fixed price only.

The sale is prepared very similarly to an Auction, including inspections, but the assets are sold through a negotiated liquidation process. As a longer sale cycle will occur, the carrying costs will most likely be increased as well. The benefit is the opportunity to generate a higher recovery value on more expense and/or specialized assets.

Live On-Site Auction Sales

An On-Site Auction is conducted by one of our licensed auctioneers at the site of the equipment to be sold. These auctions are open to the public and typically allow interested buyers to preview and inspect the equipment before the auction begins.

Bidders may place absentee (proxy) bids prior to the sale day by faxing our Proxy Bid Form, or may bid in person on the day of the sale by registering at the auction location, or online if bidding remotely.

During the auction, the auctioneers will sell each lot sequentially to the highest bidder. (NOTE: pricing, increments, and grouping of lots are determined in real time, and at the discretion of the auctioneer.)

Private Negotiated Sales & Sealed Bid Auctions

In a Sealed Bid Auction, bidders submit written bids via email, postal or currier delivery. All bids are kept confidential. Once the auction has closed, all bids are opened, and the winning bidders are notified of their successful bids and then the payment & removal process begins.

Webcast Auction Sales

In order to accommodate multiple remote locations far beyond the factory floor, Winternitz Industrial Auctioneers & Appraisers utilizes state-of-the-art Webcast Auctions with internet ‘click to bid’ online bidding…

along with a web-based slideshow of the equipment for sale.

Live video feeds are available as well.

Webcast Auction is a theater-style sale held either on-location or near the equipment site. These auctions allow remote bidders who cannot travel to the on-site location, to participate and compete in real-time with on-site bidders. Webcast bidders may use their computers to join a web-based slideshow where we provide photographs, live on-site auctioneer feed, and descriptions of the items being sold in real time. Bidders who have joined the webcast auction can bid by pressing keys on their computer keyboard or mouse. The auctioneer simultaneously accepts bids from on-site bidders as well as the bidders over the web. Webcast Auctions are also sometimes conducted as a “Studio” Auction, where the sale is solely conducted as a simulcast, and all bidders participate from the comfort of there own office or home.

Going Concern and Turn-Key Facilities

A negotiated Private Treaty Sale is managed by Winternitz Industrial Auctioneers & Appraisers executives who act as the agent between the buyer and the seller, allowing both parties to mutually agree upon a price.

We make all arrangements for a preview and inspection, as well as working with the buyer(s) on the post-sale dismantling and removal of equipment. This format is often used for smaller groups of potential buyers who are looking for unique, high-value items, entire lines, or a complete business.

That's how we work with and for you

In all of the auction methodologies and formats conducted by Winternitz Industrial Auctioneers & Appraisers, bidders will have ample opportunities to preview and inspect lots in person in advance of the sale. Whether leading up to the sale, the day before the auction, or utilizing a “virtual preview” viewing the photographs and descriptions posted on our website. After payments have been processed, buyers are then responsible for the removal and shipping of their purchases, either by themselves, an authorized agent, or depending upon the auction event, with a packing, rigging, or shipping company.