Seller FAQs

Have questions about selling equipment with us?
Review our most frequently asked questions.

What is my equipment worth?

As leaders in the industry, we have over 35 years experience selling concrete construction equipment. We will work with you to share our expertise and ensure you understand the different options to sell your equipment. As the auction company, we want to be sure your goals are met and you have the greatest return possible for your assets.

What are the different formats of an auction?

BIC supports multiple types of auctions. Each event will specify which type of auction format.

Live Online Auctions are similar to the live webcast auctions with a slight difference. They are broadcast online through audio and video stream for bidders to hear and follow the auction. Bidders are only able to participate in these auctions remotely, even though they are able to see and hear the auctioneer live on camera, there is no live bidding available onsite.

Timed Online Only Auctions are auctions with automated closing and extension times. Online bidders are able to place bids on the lots from the start date till the end of the auction. On the last day of the auction, the lots have a count down that extends if bidding is still ongoing. The purpose of a timed auction is to mimic a live auction in an automated and online only format. Timed auctions do not have audio or video streams.

What is an auction?

An auction is a public sale in which goods or properties are sold to the highest bidder. Individuals who are wanting to buy items can register to bid.