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Video length: 3 min
Businesses: industrial auctions are increasing
When a site files for bankruptcy, we recover its equipment and sell its machines. These sales are made directly in the factory or on specialized online sites. – (France 2)
When a site files for bankruptcy, we recover its equipment and sell its machines. These sales are made directly in the factory or on specialized online sites.
By hammer or on the Internet, industrial auctions are exploding. No painting or jewelry, but machines. The opportunity for businesses to recover new money, particularly in the event of financial difficulties. Gaël Biard is an auctioneer. Tuesday February 27, near Niort (Deux-Sèvres), he will host the public sale of all the assets of a printing company which has just gone bankrupt. A press is purchased directly on the Internet by a reseller. “There are a lot of auctions, it’s because the industry is not holding up that well,” believes Gaël Biard.
A sale that helps finance other machines
A manufacturer of mechanical components near Belfort (Territoire de Belfort) is doing wonderfully. To finance a new machine at 600,000 euros, which makes it possible to manufacture electric car engines, the boss wants to sell his old installations thanks to an auction expert. But the company does not fear competition from future buyers. Purchased for 400,000 euros each, the company hopes to make 20,000 to 40,000 euros from its old machines. The market will decide.
