Opportunity in Never Limited
An auction can sometimes be engaged as an effective mechanism to generate asset value. Bidding peer groups establish incentivized buying, enthusiasm and also transparency. Asset Impact has a team of auction professionals ready to perform national and international events.
In the end, auctions are only as good as the quality (and quantity) of its prospective buyers and participants. Our database development team begins it work from proprietary, pre-established lists of industry buyers in numerous industries. We then supplement these existing databases with an aggressive development campaign for every specific project. Often there is overlap in demand for assets from complementary industries and they are equally canvassed and promoted. The end result is an exhaustive effort to deliver the marketplaces’ most compelling prospects which ensures a specialized, complete and competitive auction that produces an optimal recovery value that is available from secondary markets.
Asset Impact AUCTION UPDATE: While auctions will always be an important tool for asset recovery, Asset Impact’s recent assessment of industrial auctions has determined that at the current time, they generally offer limited potential for generating high recovery values. We never rule out the possibility of auctions, but close monitoring of major industrial auction venues has led us to draw conclusions that optimal recovery values more likely exist from other avenues. For a more in-depth look on this subject, please read our blog post here.