The following information is for how auctions work when you bring items to one of our auction yards. If you have a full business or line of equipment to sell, please contact us for a customized solution that will likely be at no cost to you.
How It Works
We sell for 0% fee to the seller for equipment, vehicles, real estate and other items of value.
We charge the buyer a 12.5% buyers premium on all items that we keep as a fee when selling onsite.
Example: You bring a tractor that brings $10,000, the buyer pays us $11,250, you get a check for $10,000
You can set a reserve on equipment valued over $1,500. The reserve means you get that as a minimum but get anything over that as well. Example: You set a reserve at $4,000, the item brings $5,000, the buyer pays us $5,500 and you get a check for $5,000. No reserve may be set on gas powered tractors or mowers (lawn or farm). Any item with a reserve set of $5,000 or less will be charged a $30 per item no-sell fee (No-No Sell Fee if reserve is over $5,000), if the item doesn’t sell.
Fees: We do sell for 0% comission, but there may be fees charged for items selling for less than $2,000 and for inside storage if availble.
Payment made via check within 2 weeks of pickup and/or buyer payment.
Contact Chris Carnahan (Owner of American Iron Auctions) at 724-354-3440.
All bidding is done online. Go to www.AmericanIronAuctions.com, Click on “current auctions”. You can either click on the red button to bid or view lots (view if before sale starts).
Please note payment options and pickup dates and times.
Bidding can be done in two ways:
Just put in your max bid right off the bat and sit back.Example: Say you want to bid $500 on an item.The current bid is $100.You can put in $500 and it will bid up to that amount.Say the other bidder stopped at $295, your bid would be $300.
Bid by each time you want to bid.You can keep working the bid up one bid at a time.
*Note – a lot of people bid in the last 3 minutes of the auctions. Option 1 ensures that you don’t lose an item in the last seconds if you aren’t paying attention.
** All items are subject to a 12.5% buyers premium. We don’t charge sellers anything, so this is how we keep the lights on. If you bid $1,000, you will pay us $1,125 at pickup.***Payment is via cash or wire transfer for items less than $10,000. Over $10,000 we will accept a wire transfer prior to the pickup date. We will accept a wire under $5,000 for an extra $20 fee.