WireBids strives to your go-to auction platform for used printing, bindery and packaging equipment. We have several policies to protect buyers and sellers and are constantly developing new features to improve service. Here are a few ways WireBids is working to make sure your used printing equipment buying process is as smooth as possible.
WireBids has several policies in place to prevent shill-bidding and other fraudulent activity. We monitor each auction closely to guarantee each bid is placed in good faith.
WireBids immediately disables non-paying accounts. Sellers can require bidders to register before an auction for additional security. Users can report suspicious activity to WireBids 24/7.
WireBids curates auctions to provide quality equipment. We know you’re busy and don’t have time to sort through clutter to find equipment needed to run your business.
Transparency is our main priority. We strive for the most accurate information to equip buyers in the process. As is the nature with used equipment, some wear and tear is to be expected and our lots will reflect this.
“Everything that I have purchased from WireBids has been an outstanding value to our company. We have both bought and sold equipment with them over the years. Their service, delivery and support has always been over the top. They are an excellent, trustworthy outlet for printing equipment in the US today.”- Andrew Magnus, Bright Side Markets
Our lots extend several minutes when bids are placed in the last moments of an auction to prevent bid-sniping. We believe bidders should have some time to consider before purchasing a high-value asset.
With more than 8,000 users across 108 countries, we pride ourselves in our commitment to customer service and support. You can reach us 7 days a week by email and by phone Monday through Friday from 9 a.m. to 5 p.m. We keep all of your information private and secure. WireBids will never sell your information to a third party.
Wirebids will manage disputes in a timely fashion. We make every effort to resolve any transactional disagreements. We advocate for the buyer and seller to create a resolution that satisfies each party.
Call us at (888) 837-8101 for more information. We’d love to hear your feedback.
WireBids allows sellers to place reserves on higher value items to ensure the seller gets a fair price for their equipment. Each reserve must be approved by WireBids prior to the auction launch.
These reserve prices are kept private are not revealed to bidders. Our website will indicate whether or an in item has met the reserve price both in the catalog and bid box.
But what if the item doesn’t meet the reserve?
Sellers have a few choices if an item does NOT hit the reserve:
- Sell the item to the highest bidder
- Relist the item in an upcoming auction.
WireBids does not recommend relisting the item without taking better photos providing more information on the product, including rigging and shipping information or lowering the reserve. We have found that if an item does not hit the reserve on the first try, the price will not climb above the initial closing price upon relist unless the listing is dramatically altered or the reserve is lowered.
In this case study, we followed 6 different lots with reserves prices. Each lot in this study failed to meet its reserve price the first time. Each of these lots were included in 3 consecutive auctions. As you can see, the closing prices of these items largely trended downwards with each subsequent relist. In some cases, the item garnered a slightly better price the second time, without actually hitting the reserve. By the third time, buyers lost interest in the item.
There are a few reasons for this:
- WireBids has a loyal userbase following each auction. When they see an item relisted, they assume that there is something wrong with the item and are hesitant to place a bid.
- Users assume the reserve is inflated beyond market value.
- Reserve prices discourage bidders from bidding all together.
In short – WireBids advises against relisting items without making serious changes to the reserve or listing itself. Bids will not increase unless you give buyers a reason to bid more, through better, more focused photos or more details on condition and shipping.
For more tips, view our previous post: 5 Tips for Getting the Best Price Possible for your Used Printing and Bindery Equipment.
Please contact WireBids at (888) 229-5733 for more information on buying and selling your used printing equipment.
Many WireBids bidders express concern about finding a reliable rigger to transport their used printing and bindery across the country. We have compiled a list of reputable riggers by region for you to contact regarding loading, rigging and shipping your used equipment. Give them a call before your auction ends.
Walker Brothers Machinery Moving, Inc. – Anaheim, CA, Fontana, CA
California Machinery Movers – Southern California
Lawson Dryage, Inc – Hayward, CA
H. Brown Inc. – Unice, LA
Continental Machinery Movers – Nashville, TN
ChrisCo Machinery, Inc. – Liberty, NC
T&D Machine Handling, Inc – Alpharetta, GA
Ft. Launderdale Transfer – Southern Florida
Arthur C. Lamb Co. Inc. – Canton, MA
Clancy Relocation and Logistics – New York and Connecticut
Industrial Transfer & Storage, Inc. – Southbridge, MA
A&A Machinery Moving and Sales – Morrisville, PA
Russell-Stimpson – Wilmington, MA
Diamond Rigging Corp. – Batavia, IL
Hennes Services – West Milwaukee, WI
Ed Regan Printing Machinery Movers – Indiana
Dobson Industrial Inc. – Bay City, MI
American Industrial Werks, Inc. – Schaumburg, IL
Phoenix Machinery Movers, Inc. – Shelby Township, MI
WireBids had a successful and rewarding trip to Orlando for Graph Expo 2016. Most exciting was meeting with dozens of our loyal buyers and sellers and learning what we can do to better serve their needs. We made new connections, opening up new doors. WireBids is a leading seller or sheet-fed offset and post-press equipment, and these new connections will help us refine our work in web, digital and higher-value equipment.
New signups are running at several percent per month, as print-shops, dealers, brokers, and exporters make WireBids their number one destination for their used equipment needs.