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• Liquidations Overview
  Current Liquidations Finance Liquidation FAQs Liquidation Options Have Assets to Sell

Liquidation FAQs

These frequently asked questions are designed to illustrate how you can maximize the cash value of your assets through liquidation.

Q.  Why should I contract for auction or liquidation services? Wouldn’t I be better off handling the sale internally?

A.  First, auctions or liquidations involve many different steps. Not all of them are complicated, but they are time-consuming. Stopol Auctions allows you to conserve your internal resources by providing you with a full range of services designed to generate the most cash for your assets. We handle each step of the process so you don’t have to.

Secondly, although you may be entirely familiar with your assets, Stopol Auctions has the experience and track record of conducting successful liquidations -- from preparation and advertising to conducting the actual auction. Stopol Auctions liquidations are run honestly and accurately and with one goal in mind – helping you attain the highest return for your investment.

Q.  What services can I reasonably expect from a “full” auction or liquidation services?

A.  In order to maximize your return, Stopol Auctions offers complete, turnkey services encompassing every aspect for a successful auction or liquidation:

1.  Analysis: On-site preparation.

2.  Sales structure: Choosing the right auction from among many alternatives.

3.  Setting a time frame: Deciding the best time to sell.

4.  Marketing: Reaching your target audience in the most economical and effective manner.

5.  Detailed follow-through: Stopol Auctions takes care of all the details, paperwork and  reporting so you can concentrate on how you will use the proceeds.

Q.  How does the process work? What is a typical auction?

A.  Auction and liquidation needs are as diverse as the companies themselves. Stopol Auctions is experienced in handling a wide range of auctions and liquidations -- from foreclosures and bankruptcy liquidations to those involving equipment and surplus properties.

While no two auctions or liquidations are identical, there is a general process that Stopol follows to ensure the most successful outcome possible.

1.  Confidential discussion: We start by listening to what you want to accomplish

2.  Inspection and appraisal: We analyze what you can reasonably expect to recover from your assets.

3.  Guarantee or commission: We work with you to determine the best fee structure for our services.

4.  Total responsibility: Best of all, Stopol fully coordinates all details of your liquidation to ensure that every aspect is handled professionally and successfully.

Q.  Are there different types of auctions and liquidations?

A.  Yes. Just as companies have different types of assets they need to sell, there are different types of auction and liquidation strategies. Stopol is well versed in all types and can help you decide how best to structure the event to maximize the results to your benefit. There are a number of options, including:

1.  Orderly: Under certain circumstances, such as those involving unique equipment or machinery with a high book value, we can sell your assets over a specified time period.

2.  Sealed-Bid: For immediate sales or highly specialized packages, Stopol can conduct this type of auction or liquidation, which involves only a few strong bidders who are kept apart and given the opportunity to bid only once.

3.  Board: Similar to a sealed-bid auction, this highly controlled event takes place at the facility with bidders comprised of a board who bid silently for an entire offering.

Q.  What should I expect at the auction?

A.  As your full service auction and liquidation company, Stopol Auctions conducts every aspect of the auction/liquidation for you – just as we have done for countless companies around the country and throughout the world for more than 15 years. Here are some general expectations and considerations to keep in mind:

1.  Sale terms: We begin with accurate descriptions of your sale times and ask attendees to take the time to inspect the times up for bid.

2.  Scheduling: We print a catalog of items to be sold in numerical sequence. While there is no guarantee of what will sell when, our experience indicates that we can sell about 60 to 80 lots per hour. This number can vary due to physical distance between lots and a number of other factors.

3.  Registering: When you attend a Stopol-run auction, we handle this crucial aspect as efficiently as possible. Our staff solicits and staples a business card to every possible registration form, greatly reducing the amount of time needed for attendees to register.

4.  Payment terms: Stopol Auctions ensures that all bidders understand the ways in which they can pay in full on the day of the auction – ranging from cash to letters of guarantee to wire transfers.

5.  Removal: We handle the appropriate removal of unsold times, keeping within all rules and regulations while also ensuring that potential buyers have the maximum time allowable to bid on all items.

6.  Security: Stopol Auctions provides security for all large items during removal and will guard small items for up to 24 hours after the auction. We also have a dedicated representative to field and manage all claims.

7.  Rigging: Stopol Auctions is not a rigging or trucking company; but our dedicated representative is available to receive certificates of insurance for all rigging and trucking.

8.  Premiums: There is a non-taxable premium – usually 10% -- added to the buyer’s invoice. Stopol Auctions ensures that this premium is understood and charged.