Benefits of Using The Lab World Group as an Auction Service

Finding the right lab auction service is essential to ensure you get adequate service for liquidating your assets. Whether it’s closing a facility, freeing up some space, or moving items quickly, auctioning individual items or a whole facility is one of the best ways to regain capital. If you’re looking for an experienced certified auctioneer with a team of technical, evaluation, and marketing experts, The Lab World Group is here to help. We want to help by providing you a hassle-free auctioning service so that you can focus on your organizational objectives. We will examine your equipment, handle the logistics, leave your facilities spotless, assess the value of your lab equipment, market your auction, and send out your payment quickly.

Get Your Lab Equipment Examined.

Before your assets are displayed on an auction network, it’s essential to know the full-honest condition of each lab asset. Our technicians determine the condition of your assets, so you don’t have to. We do this because we want to be completely transparent to the bidders about what they’re buying. You may be asking: what about any damaged or non-functional lab equipment items? You can still auction these items. Some bidders are resellers, just like The Lab World Group. They may purchase damaged items to repair them or disassemble them for valuable parts. Equipment damaged or not, still needs to be thoroughly examined before it goes to auction.

Let Us Handle the Logistics.

We are experts in the process of packaging and shipping lab equipment. In the event of clearing out your facility, we quickly package your lab equipment and ship them safely to our 24-hour security-controlled warehouse. Some lab auction services have shipping liability clauses hidden so that if anything gets damaged, you’re held liable. Sometimes these services don’t know how to correctly package the lab equipment either. This leads to a higher risk of your items getting damaged. We eliminate these possibilities from occurring by being transparent about the process and by professionally packaging your assets to minimize the risk of damage.

Leave Your Facilities Spotless.

Would you want your facilities to get damaged or messy? We don’t either; that’s why The Lab World Group team will leave your room swept clean. Other auction services don’t prioritize this and leave the responsibility of cleaning on you! We take the time to clear everything out and clean up after we’re done, so you’re not tasked with this headache.

Know What Your Assets Are Worth.

It’s important to know what the value of your assets is. If your items are priced incorrectly, you will lose money. If assets are valued too low at auction, bidders will be paying less than what it’s worth. If your used lab equipment is valued too high at auction, bidders won’t even bother bidding on your items. That’s why it’s crucial to get an experienced lab auctioneer who understands the market and the value of your used lab instruments. Our marketing and appraisal experts collectively have over 20 years of experience with different brands, models, and types of lab equipment. We have the tools and resources to price your assets so that you don’t lose money.

Get Your Auction Marketed.

Marketing your auction will bring a higher return for your used lab equipment. We bring in a higher return by being transparent to bidders about the item’s condition. When we photograph and video your equipment pieces for the auction catalog.  We show them powered on and working from different angles to take the guesswork out for the bidders. These photos and videos build confidence in bidders to spend more money on your assets. When this happens, the value increases. Some competitors only focus on selling quickly and don’t focus on getting the full ROI potential. They will take pictures in dark-lit rooms, not turn on the products, and sometimes only use one photo. Not only does this guarantee that assets will take longer to sell, but it will also get lower returns, because who wants to risk buying something not shown working.

Start Receiving Payments Quickly.

Once the products sell, payments will begin to process. We are fast when it comes to disbursing your payment after an auction. Many lab auction services aren’t transparent about how their payment system works. They will stall payments and disburse it out in 90-days to sometimes six months. We know how important it is to get your money to you quickly, which is why we send out payments in 7-14 days from the conclusion of our lab equipment auctions.

At The Lab World Group, we value each of our clients by acting as the solution for a hassle-free lab auction process. Whether your facility is downsizing, closing, changing research objectives, or upgrading to other lab equipment, auctioning will help quickly liquidate your assets and regain capital. If you’re searching for an experienced licensed auctioneer with a team of technical, appraisal, and marketing experts, The Lab World Group is here to help. Our desire is to assist you by providing a trouble-free auctioning service so that you can focus on other important objectives.

How Can I Get Started?

Visit our contact us page today or fill out the form below to see how we can help. If you’re looking to learn more about lab auctions, check out our ultimate guide for auctioning lab equipment.