Industrial FAQs
For Buyers
Our team is dedicated to providing buyers and sellers with a transparent and trustworthy process. Our certified team appraises and inspects items, and buyers are able to preview and inspect items Monday through Friday, 9-5.
You’ll need to register online for each sale to place a bid. We’ll ask for a credit card at the time of registration so that we can verify the card. Once that (quick) check is complete, you’re qualified to bid! We suggest placing an offer for the highest amount you’re willing to pay, and the smart bidding system will automatically place bids for you up to that limit, at set increments, starting at the listed opening price or current offer. Remember that items are sold “as is, where is”.
Yes; please keep these fees in mind when calculating your highest bid.
- INTERNET BUYER’S PREMIUM: A 10% Buyer’s Premium for onsite bidders and 13% for online bidders will be charged for each lot purchased. There is a $10.00 minimum buy fee per lot unless otherwise announced.
- CREDIT/DEBIT CARD HANDLING FEE: An additional Processing Fee is in effect for all purchases made with credit and debit cards (3% for Visa, MasterCard, Discover and 4% for American Express). There are no additional processing fees for each account paid for on time according to Motleys payment terms and paid by Cashier’s Check, Certified Check, Check with Bank Letter of Guarantee, or Wire Transfer.
- RECORDING FEE: Motleys reserves the right to charge a successful bidder's credit card a recording fee of up to $1000.00 to apply to a purchase.
- TITLES: Titles are processed ten (10) business days after payment is received in payment order. There is a $40.00 title fee for each title. Titles being sold as ‘Title Delay’ are available 10 - 60 business days post auction. ‘Title Delay’ items must remain on the premises until said title is received.
For Sellers
Motleys has been providing consistent above-market results since 1967. In addition to our results, an independent survey of our clients revealed that our best quality was our honesty and integrity. With flexible solutions and an award-winning in-house marketing team, we ensure your assets are turned into cash quickly and on your terms.
Certified appraisers work with you to understand the condition and features of your assets, then evaluate the current marketplace, resulting in an accurate value you can trust.
Our marketing team analyzes each group of assets before submitting a custom-tailored advertising plan that works with your budget. From postcards to newspaper and magazine ads to regional, national, or global digital ads and email campaigns, advertising plans are tailored to the end user so your assets will be seen by thousands of potentially interested buyers.
Absolutely! Our flexible solutions also include outright purchases, guarantees, brokerage, liquidations and sealed-bid sales. Most of our clients are looking for the best price in the right time frame to sell everything from a single item to an entire fleet or lot. We will work with you to determine which strategy is best for your assets.
Remarketing options include:
Commission Sale - Bidders compete and drive up the value of your assets. Motleys earns a percentage of each sale, and will strive to sell your assets for the best possible price.
Guaranteed Sale - Competition once again determines the value of your assets, but you are guaranteed a pre-determined minimum amount from the sale with the ability to earn more.
Straight Purchase - Motleys will purchase your asset(s) outright. We have the financial stability to purchase multi-million dollar packages.
Online Auctions - An efficient and cost effective way to reach a wide audience globally while achieving fast and proven results.
Quickly and accurately. Settlements with an itemized report and payment, in the form of a company check, will be mailed within 30 business days of the sale.
All of our auctions are held online, with the potential to be held at our headquarters in Richmond, VA, or at your location. Our facilities offer unique features designed to facilitate the storage, reconditioning, and sale of your assets.
