What is a sealed auction in SalvageSale?

[George]

From what I understand, sealed auctions mean bidders submit their offers privately instead of competing in real time - but I'm not sure how this plays out in practice on the platform.

 

[USVeteran]

In practice it comes down to how well you judge the market, because you don't get to adjust your bid based on what others are doing.

 

[IamBruce_Driver]

Instead of seeing other people's bids live (like in open auctions), you submit your best offer privately, and no one else can see it. Other bidders do the same. When the auction ends, the highest valid bid wins.

 

[Butch232]

Best guess wins, no peeking

 

[Rainiel Ollis]

I agree with @IamBruce_Driver.. for private offers

 

[Mr. McTuggart]

In a sealed auction on SalvageSale, everyone submits their bid privately, so you can't see what other people are offering while the auction is live.

 

[Miguel Flores]

Blind bidding keeps things interesting

 

[AliRaza2626]

Won a blind auction with Bob Worner Ltd – went smoother than I expected

So I just wrapped up a blind auction with Bob Worner Ltd (bobwornerltd.com) and figured I'd share how it went. Snagged a Kubota for way cheaper than what my local dealers were asking.

I gotta be honest – blind auctions are pretty interesting. You're basically throwing your hat in the ring without laying eyes on the machine in person. It's a little bit of a leap of faith, not gonna lie. But I did my due diligence, asked a bunch of questions upfront, and decided to go for it.