Bid list

From: Daniel T. Burrows <dburrows_at_netpath.net>
Date: Fri Oct 23 07:05:42 1998

>Can you tell us more about the type of auction this is?
Sealed bid
>Is it one of those auction where you can walk away with a pentium for $5
YES On last weeks bid I won a VAX4000-300 for $82. a bunch if DIgiboards
for $5.00 ea. Sorry everyone that has commercial value to me.
>is it more of the upper type wher you pretty much have to be within 105 of
>the retail valu in order to win it?
 Not at all. This equipment is from a new division that did not have a
surplus sales group. Tha format was different than the usual bid lists so I
called my rep. about last weeks list and they are hoping to get 5 cents on
the dollar. Anything that does not sell will be going to be recycled as
they are very carefull about EPA regs.

>Have you had any experience with this sort of auction?
I have been doing business with them for over a year. The regular weekly
bids I rarely get good deals on - about 70% to 80% of wholesale are typical.
The special bids like these are where I make out. I will admit that this
equipment is not the usual type they offer - remember it is a newly acquired
division.

>What I'm getting at is I've seen a few things on the list that I like but
>hve no idea what to bid on them.
I would be sure to be over the scrap value (figure 50 to 75 cents a pound is
scrap value) but based on the bid I won last week not more than 5% of
wholesale new.
>Also it seems like the terms for payement are very tight 2 days to send the
>money or you're out how do you propose to proceed? Are you going to send a
>"big" check for the bid and hope that everybody follow up on their bid?

I still do not know why they put that in there. I actually have 15 days
from shipment to pay for it. provided I am not way above my theoretical
credit limit and YES I am hoping that everyone will be following through
because I will be stuck with the equipment if they don't. I have had some
long discussions with a couple of people on this list about this and was
informed that most everyone is quite honorable.

Another note of interest I have only gotten the response for 1 of last weeks
bids so far. It had to be in on monday and I got the response thursday (1
day late). Tuesdays bids were supposed to be released thursday. When I get
the response to those bids I will let you know.

Don't worry if I think any bids are to high I will let you know. I can only
do this however on equipment that I am familiar with.

For shipping considerations due to the amount I won on last weeks bid I have
told them to change it to truck and gave them my account info for a major
truck line, This is the first time I have had to change to truck shipping.
Also for figuring shipping I am in North Carolina.

Dan Burrows
336-376-0468
dburrows_at_netpath.net
Received on Fri Oct 23 1998 - 07:05:42 BST