GRS Blog

Shortages? Waiting for equipment? Auctioneers may have an answer. | GRS Auctions & Liquidation Strat

Shortages

Are you waiting for equipment that is on a slow boat from China?  With the shortages beginning to reach into our business productivity, Owners need resources.  The online auction industry is on the rise, and Auctioneers have access to companies with surplus and used equipment that might fill the gap.

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Honoring our Fallen Heroes and St. Louis Area Gold Star Families

Flags 2

On Wednesday, September 8th GRS will be closing our office at 11:30 AM to line the roadway in honor of each sacrifice made for this nation. We hope you can join us as The Gold Star Family and Jared Schmitz are escorted from Lambert Airport to Baue Funeral Home in Cave Springs by Patriot Guard Riders (PGR).  

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Did you accidentally bid on an item in an online auction and want to retract it?

Retract-online-bid

Auctioneers hear many excuses when buyers want to retract their bid at an online auction. These can include:

The buyer didn’t realize the terms and conditions said “no shipping” and they live 500 miles away
The pick-up time conflicts with a funeral the buyer must attend
The buyer typed too many zeros, and $10.00 became $10,000

Regardless of the reason, if you find that you have made a bid in error in an online auction, call or email the auction company immediately. Do not wait until the auction is over. In some instances, a bid can be retracted, or alternative arrangements can be made.

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What’s the most unusual item you have sold at auction?

Moto

As Auctioneers, we get asked this question frequently, and it is a fun question to contemplate.  In the news now is an item that “takes the cake”.  The London (AP) is reporting today that a piece of five-layer cake from Charles and Di’s royal wedding 40-years earlier is up for auction.  Although it is an opulent slice, it ranks with one of the world’s most unusual auction items.

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