Asset Management & Recovery: Sell While Sleeping

Gryphon USA, Ltd services clients through Gryphon Asset Management, Gryphon Realty Advisors and Gryphon Auction Group. Gryphon Asset Management manages operating entities and undertakes liquidation management in numerous business lines. Gryphon Realty Advisors is comprised of three divisions all working together; Residential, Commercial and Management. Projects range from single family investments and owner occupant reresentation to apartments and commercial complex disposition. Gryphon Auction Group assists clients with the sale of real property as well as commercial equipment.

Sell While Sleeping

I think I have mentioned that I have an auction of equipment today.  That in itself is not all that interesting unless you are wanting to buy a printing press.  If you are, log on to http://www.gryphonusa.com/ and bid online !!

The online part is the interesting part.

A few months ago we started to investigate online bidding for not only our equipment sales, but also for real estate.  We tried one and it had moderate success.  Some bids, but this is still new to folks.  Online bidding for equipment is something that people are comfortable with.

Last night I went to sleep very comfortable that today was going to be a pretty good auction.  Our auction catalog had received over 15,000 downloads.  WOW.

Most of the action we have gotten is, believe it or not, coming from press releases, web postings and, your gonna hate me, blast emails.

So this morning when I wake up, I have about $15,000 in online pre-bids.  I expected one machine to sell for about $3,000.  I have a bid already for twice that.

I am almost done with the bidding platform and soon people will be able to work with us to have online only auctions of real estate.  The online bidding in conjunction with the live auction is already available.  Maybe, just maybe I can fall asleep and get bids on our real estate too.

It sure is nice to wake up and find our sellers items sold !!

 

Do you have questions about distressed assets, receivership or bankruptcy sales, auctions?  Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.

Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com).  The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast. 

United Country Gryphon Realty & Auction Career Opportunities Available.  Call 614-885-0020 x 17

3 comments • Rich Kruse • May 22 2007 05:36AM

Comments

Hi   Rich  !

Thanks for the post, it is always nice to have good info to refer to. Thank you and keep posting.

 

Nalliah Thayabharan

Expert Building Inspections Ltd

Posted by Nalliah Thayabharan Home Inspector Commercial Building Inspector Toronto (Expert Building Inspections Ltd) over 3 years ago
Are you buySAFE bonded?  (www.buysafe.com)  Okay, I'm a little prejudiced since my son founded the company that guarantees online purchases with a surety bond, but I've seen the statistics about higher sale prices, and I'm a believer.  You might want to check it out for future references.  :)
Posted by Margaret Woda, Maryland Real Estate & Military Relocation Services (Long & Foster Real Estate, Inc., Crofton, MD) over 3 years ago
Now that's a great way to sell! Congratulations!
Posted by Lisa Hill (Daytona Beach Real Estate) (Florida Property Experts) over 3 years ago

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