Reserve Policy

Equip-Bid's Reserve Policy

Equip-Bid strongly discourages placing reserves on auction lots. An item with a stated reserve frequently has the effect of drawing fewer bidders and consequently getting lower prices. Equip-Bid’s goal is to sell items at the highest price possible; reserves have proven to be detrimental to achieving this goal.

That being said, it is recognized that occasionally a seller will require that a reserve be placed on one of their assets. This should be the exception and not the rule. Items likely to sell for under $2,000 should never have a reserve placed on them. All reserves must be reasonable (50% of value); meaning the likelihood of the reserve being met by independent bidders is high. If the seller has unreasonable expectations of the price required, affiliates should decline the item and not include it in the auction.

The minimum reserve for lots listed on Equip-Bid.com is $100.

Equip-Bid reserves the right to charge no sale fees for lots that fail to sell due to the reserve not being met.