Just my two cents. Auctions tend to increase the price of an item over its value if there is unskilled bidders for the item. How many folks have a grasp of reasonable value? Reasonable value to purchase at Wholesale is completely different than purchase at Retail. Auctions that are of a Local persons stuff may get you a bargain if someone needs to sell desperately. Or you might pay way to much. As for knowing any particular piece of equipments value, that takes expertise and a good idea of what the Market will bare.
To get any kind of a good deal Wholesale you need to buy things in lots and be able to take the good with the bad. That is what the Gray market Dealers did was to buy from Auctions of rental/lease return equipment in Japan several machines in a lot. They than pay the shipping. The responsible ones put some time in going through the machine before sale to a individual. Though I would trust a used equipment dealer as much as I trust a used car dealer. Most do not have your best interest in mind.
The majority of the Large Auctions you see advertised in the States are not suitable for individual buyers since they lack the expertise in buying from Auctions. If you want to get a good idea of values see what individuals/Dealers are offering a machine for sale. I frequent Machinery Trader as a good resource in valuing equipment. Just like I frequent Real estate adds if I want to get a idea of Local Real Estate value. Research is key.
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