Liquidity Services – MDNA Online Auction Partner – 2016 1st sale Announcement

MDNA/Industrial Manufacturing Equipment Market Sale 1 for 2016 is coming soon.  As LiquidityLogopreviously communicated,  the MDNA has partnered with Liquidity Services to provide a free online auction program exclusively for MDNA members.  List your own assets, set reserves; Liquidity Services will market the sale, invoice and collect the proceeds and send you a check/wire. Best of all, there is no charge to members who choose to participate!

Changes this year:

  • Auction sales will be 1 week long
  • You will be able to list start prices for each lot
  • Reserves will need to be removed or lowered by 50% if asset remains unsold after 2 sales
  • There will be a NEW Machinery 3 week Private Treaty/Sealed bid sale to follow in April for newer assets 2006 and up to be marketed globally

Sale #1:   Closing on 3/23/16 AND *NEW* Private Treaty Sealed Bid Sale to follow 4/4-4/26

Sale #2:   Closing on 6/22/16

Sale #3:   Closing on 9/21/16

Sale #4:   Closing on 12/08/16

Each event will be a combination of assets from MDNA members along with high quality inventory from our corporate clients including Caterpillar, Celestica, Eaton, Honeywell, Orbital, Lockheed Martin, Parker Hannifin, Intel, and many more.

Timeline for the 1st 2016 sale is as follows:

  • Member assets submission deadline  February 26th (Start listing now, you can pull assets up to March 1)
  • Catalog review week of February 29th
  • Sale go live date March 1st (No Assets can be listed or pulled after this date)
  • Inspection by appointment up until sale close
  • Sale Close Date March 23rd
  • Buyer Payment collection by Liquidity Services in the following 72 hours
  • Buyer asset removal by appointment March 25th – April 8th (coordinated between buyer and seller)
  • Ship confirm notification received before April 1st will be paid to the member week of April 15th
  • Ship confirm received before April 15th will be paid by April 30th

For additional details on these sales and to begin listing your own assets in the upcoming events, please contact: Jim Spencer, Liquidity Services, (248) 508-1684, james.spencer@liquidityservices.com

Questions regarding this great new MDNA member benefit and other valuable benefits can be directed to: Mark Robinson , MDNA, 703-836-9300, office@mdna.org