A sale by auction is a public sale where various intending buyers offer bids for the goods and try to outbid each other. Ultimately, the goods are sold to the highest bidder. An auction sale is complete when the auctioneer announces its completion by the fall of the hammer or in other customary manner. The property in the goods thus passes on the fall of the hammer; until the fall of the hammer the bidder has the right to revoke his/her bid. The auctioneer is, generally not the seller but, the agent of the real owner of the goods. Auctioneer is engaged to conduct the auction and his/her relationship with the seller is governed by the law of agency.
We are reliable dealers in proving all sets of auctions such as closed and open tending and or direct offer. We get into long and short terms partnership with big investors locally and internationally. We do analyze all data and put into auction sale speak before list is sent out to market.
Our Services for Auction Sales focus on;
MBS has a long track record of successful design and implementation of auction processes, for all industries mining in particular. Our auction experts work across industry sectors, using techniques derived from running and observing many hundreds of auctions, Read more
MBS consultants have advised bidders in auctions across many different industry sectors. Because we are experts in auction design, we understand the risks that bidders are exposed to under specific auction formats and rules, and the ways of mitigating them. We are typically Read more
MBS advises on the design of markets, such as on-line auctions and trading systems that facilitate more efficient interaction between buyers and sellers. We utilize advances in information technology and internet connectivity, combined with insights from auction, Read more