Greenery – Pantone Color of 2017

23319-12017 is upon us. New goals, new directions, new trends on the horizon. Among these trends is the color of the year, selected by the Pantone Color Institute: Greenery.

The Pantone Color of the Year is a symbol of the year to come, a snapshot of our global culture, serving as an expression of our collective attitude and mood. Previous colors include Rose Quartz and Serenity, Marsala, Radiant Orchid and Emerald.

“Greenery is a fresh and zesty yellow-green shade that evokes the first days of spring when nature’s greens revive, restore and renew. Illustrative of flourishing foliage and the lushness of the great outdoors, the fortifying attributes of Greenery signals consumers to take a deep breath, oxygenate and reinvigorate.”

Have you had a chance to use this new color in your publications? Did your business feature any of the previous yer’s colors in your marketing materials? Let us know in the comments.

 

#PrintChat – Join us!

Twitter_bird_logo_2012.svg.pngDo you follow WireBids on Twitter? We are always looking for new ways to engage with our buyers and sellers. Follow us for information on our latest auctions and other new features.

WireBids is a frequent participant in Print Media Center’s #PrintChat every Wednesday at 4 p.m. EST. The hour long chat, hosted by Deborah Corn of Print Media Center attracts industry leaders from around the world for an informal discussion on industry trends.

Join us next Wednesday!

Don’t miss out on an opportunity to keep tax money in your pocket!

Section 179 – Don’t miss out on an opportunity to keep tax money in your pocket

Did you know that buying used equipment for your business can save you a significant amount off your federal taxes this year? Section 179 of the U.S. tax code is a gift to small business owners who are looking to expand their business by purchasing equipment.

This year, Congress allows business owners to deduct up to $500,000 in qualifying equipment in the year of its purchase, even if you do it on December 31. Under normal circumstances, you’d have to depreciate a long-lived asset over a number of years (for example, a printing press might have a life of 11 years). This law encourages small businesses to expand at a more rapid pace by keeping tax dollars in your pocket.

What’s qualifying equipment? It’s a very broad class of assets both new and used, including:

  • Equipment purchased for business use (e.g, machines)
  • Tangible personal property used in business
  • Business vehicles with a gross vehicle weight rating in excess of 6,000 lbs.
  • Computers
  • Computer software (“off the shelf”)
  • Office furniture
  • Office equipment
  • Property attached to the building that isn’t a structural component (commonly known as “fixtures”, like a printing press, air compressor, etc.)
  • Assets with its use split between personal and business use (your deduction will be reduced by the percentage of use time devoted to personal use)

Don’t hesitate—act now to take advantage of this great benefit to small businesses!

 

WireBids Glossary

Buying used printing and bindery equipment online with WireBids is easy. Here is a quick guide to the auction terms you will find on our website.

Lot

Grouping of one or more pieces of equipment sold together as one bundle. On WireBids, lots close two minutes apart.

Maximum Bid

Maximum amount that you’re willing to pay for an item. When you’re outbid, we automatically bid on your behalf up to your maximum bid. We increase your bid by increments only as much as necessary to maintain your position as highest bidder.. This number will not be displayed to others.

Bidding Increment

The amount by which a new bid must exceed the previous bid. WireBids uses the following increments : $1: Less than $250 $10: $250 to $999$50: $1,000 to $9,999 $100: $10,000 and up.

Bidding Extensions

If a bid is placed within 5 minutes of lot ending, remaining bidding time will be extended to 5 minutes.

Hammer Price

The final price the lot closes at, before the buyer’s premium or any other fees are applied.

Bid Sniping

The practice of placing  a bid likely to exceed the current highest as late as possible – seconds before the auction ends, giving other bidders no time to outbid the sniper. WireBids extends lots 5 minutes each time a bid is placed in the last moments of the auction to prevent this.

Shill Bidding

When the seller or anyone connected with the seller places a bid to artificially increase the lot price or desirability. WireBids monitors bidding activity to prevent this.  

Buyer’s Premium

A percentage of the hammer price added to the final bill paid by the buyer. WireBids buyer’s premiums range from 4% to 10% depending on the auction.

Reserve

The absolute minimum the seller is willing to accept for the item. The item will not sell until this minimum is reached.

Watch List

A place to bookmark lots you are interested in. You can watch these lots close together on one page.

Chandler & Price Platen Presses on WireBids

As many specialty letterpress print shops know, there is still tremendous value in well-built antique letterpress machinery. Chandler and Price Platen Presses are a great example of durable design and manufacturing.

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These presses were manufactured in Cleveland from 1887 to 1965, a few miles from the WireBids office. It is estimated that nearly every United States print shop employed at least one of these presses during its heyday.

WireBids frequently auctions Chandler & Price equipment to buyers all over the world. Check out our frequent auctions to score your own Chandler & Price letterpress for your print shop. Once you register, you can often find:

The Table-Top Pilot Press

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These machines are perfect for short-run printing jobs. The table-top press is a great tool for learning the art of using a letterpress, printing on sheets up to 12″ wide.

The Old Style Letterpress

As this style press opens, the operator hand feeds a single piece of paper, the press closes and forces an impression onto the paper. The press then opens again for the operator to quickly remove the newly printed paper and insert a new clean sheet. This particular machine show below has a 5:1 gear reducer to slow the press for ease of use.

Click here to view our current Chandler & Price offerings. WireBids strives to your go-to auction platform for used printing, bindery and packaging equipment. Please contact us at (888) 837-8101 for more information, or email help@wirebids.com

WireBids Tip #2: Using a Watchlist

WireBids is a great place to buy and sell used printing and bindery equipment. Our website features a user friendly platform that allows buyers to connect instantly with equipment sellers online. Our blog will break down how to use our website to maximize your chances of winning a bid. Click here to view our previous blog entry on setting your Max Bid.

In most of our auctions, lots close in two minute intervals, 2:00 p.m., 2:02 p.m., 2:04 p.m. and so on. When you have your eye on several pieces of equipment, it can be quite hectic to keep track of each as lots close and extend. That is why WireBids has a “Watchlist” feature: To save you from opening up multiple tabs and potentially losing out on equipment you need for your business when you are focused on another lot.

Adding Lots to Your Watchlist

First, make sure you are logged into WireBids. Your name will display in the top right corner. This is also where you will find your Watchlist.

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Find a lot you would like to add to your Watchlist to begin. Click on the lot from the lot catalog. You will find a link on the lot page to “Add to Watchlist.” You can add as many lots to your Watchlist as you’d like. Remove them by clicking “Remove from Watchlist” on the lot page.

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You will receive email notifications about an hour before a Watchlist item closes. You can access this page by clicking “Watchlist” in the top right corner of the website. This is a good place to watch the auction close because filters out the lots you aren’t interested in. You can place bids from this page and even track the lots once they have closed.

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The ability to bookmark lots like this is just one of the features that makes WireBids a prime place to buy and sell used printing equipment.Check out our Help page for more information.