Auction101

What is a Makwande Auction?

An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the winning bidder. In economics theory, an auction may refer to any mechanism or set of trading rules for exchange.  Makwande Auctions are a preferred method of sale for a number of reasons:

  • Auctions are the only type of sale where the price is negotiated higher than lower
  • Auctions create a competitive bidding environment which helps increase prices for sellers.
  • Auctions can be held in a short period of time minimizing holding costs.
  • Auctions allow sellers to create their own terms of sale.
  • Auctions create a market for hard to value items.
  • Auctions allow buyers to bid with confidence knowing others also have an interest in the merchandise.

 Why Makwande Auctions Deliver Results?

  • Selling by Auction stimulates competition
  • It puts bidder in a positive frame of mind
  • It brings buyers to a state of decision
  • The price is decided by more than one bidder
  • It often leads to a higher price than your asking price!