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Your Auction Handbook – A Full Guide to Auctions

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Posted On: May 7, 2025 by Backes Auctioneers in: Auctions, Guides, Information, Tips

As the weather warms up, many business owners start thinking about clearing space, selling equipment they no longer use, and upgrading to newer machinery. If you’re in fabrication, construction, or light manufacturing, there’s no better way to do that than by participating in—or hosting—an auction. Whether it’s your first time bidding or you’ve been through the process before, this guide will walk you through everything you need to know to get started. At Backes Auctioneers, we’ve been helping people buy and sell equipment for over 45 years, and we’re excited to share what we’ve learned. Quick Navigation Click to jump to a section: What is an Auction? Types of Auctions How to Participate in an Auction Tips for First-Time Bidders Why Choose Backes Auctioneers? What is an Auction? Let’s start with the basics: an auction is a public sale where goods or equipment are sold to the highest bidder. Auctions

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