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Industrial Surplus & Equipment, Ortonville, MI
Matrix Tool, Fraser, MI
Tower Tool, Macomb, MI
Tool Shop, Belleville, MI
Shared Vision, Warren, MI
Storming Grinding, Warren, MI
J & J Burning & Fab, Warren, MI
Great Lakes Mold & Engineering, Shelby Twp., MI
Dimensional Mold & Engineering, Rochester Hills, MI
JERZ Machine Tool, Dowagiac, MI
DeRick Jig Grinding, Dearborn Hts., MI
Green Tech, Brighton, MI
Surplus Equipment, Madison Hts., MI
Process Prototype, Romulus, MI
Birmingham Hydraulics, Troy, MI
Saturn-OS, Chesterfield, MI
Tru Wall, Wixom, MI
Alternative Fuel, Redford, MI
P & M Industries, Gregory, MI
Maro Precision Tool, Livonia, MI
Decision, Farmington, MI
Dimension Machine, Macomb, MI
Railcar Parts, River Rouge, MI
Highlandview Farms, Harbor Springs, MI
Golf Mania Proshops, Ortonville, MI
Lamar Industrial Plastics, Sterling Hts, MI
Industrial Business Panels, Troy, MI
Creative Equipment, Fraser, MI
Hargrove Machinery, Highland Park, Mi
US Tool & Cutter, Farmington Hills, MI
Logghe Stamping, Fraser, MI
Industrial Recycling, Detroit, MI
Arlington Display, Detroit, MI
Why have an auction?
Whether you are merging facilities and have excess equipment or you are trying to generate cash flow quickly, Williams & Lipton Company can sell some or all of your facilities assets.
How long will it take to arrange an auction?
From the time we receive your signed agreement, we recommend a four- to six-week time frame leading up to your auction event. Lead time can vary depending on the size of the auction to be held. For more information, see our auction process.
What will it cost to hold an auction?
Cost will vary depending on factors such as size of facility, location and the quantity of assets to be sold, and the type of auction you require. We will be glad to provide you with a proposal. Simply contact us and a Williams & Lipton Company appraiser/consultant can discuss your options with you as well as outline the costs associated with each option.
How can I place an auction bid?
If you haven’t already, Visit our auction calendar to identify an auction at which you’d like to bid.
To place an auction bid:
For ONSITE bidding:
For ONLINE bidding:
After placing a successful bid, what do I need to remove the machinery?
How do I bid by proxy?
To place a proxy bid prior to the auction sale, contact us for a proxy bid form that will allow the auctioneer to bid on your behalf. Please provide exact information of the item or machinery you are bidding on, including the serial number if possible.
You may also bid via telephone.
In either instance, you must furnish a 25% deposit of the bid amount must accompany your proxy bid. If you choose, you can provide this via wire transfer — please call us at 248-478-2000 for wiring instructions. Proxy bids without a deposit will not be accepted.
Please see payment terms and conditions of the auction sale apply. If you need additional information, please contact us for assistance.
What are the “Terms of Sale” at an auction?
Please show this Sample Bank Letter of Authorization to your banker:
To: Williams & Lipton Company, Farmington, Michigan
Mr. (Customer Name) of (Company Name) is a customer of this bank. This bank will guarantee irrevocable, unqualified payment for full face value stated on this letter to Williams & Lipton Company for checks drawn on (account number) for an amount up to $_______.00. This letter is void after (date).
This letter format also applies to all wire transfers.