Woodworking auctions are a great way to get tools and equipment below market value. These events are particualrly great for new contractor start up’s who may need expensive equipment, but can’t afford to buy new. In this article I will discuss, how these events work, where to find them, and some tips before you start bidding. I will also share my experience with the woodworking auctions near me.
Map of Woodworking Auctions Near Me
For “Woodworking Auctions Near Me”, see the map below…
What Is A Woodworking Auction?
Buying woodworking tools and equipment at auctions is a good way to save money; both live auctions and online auctions enable companies and individuals to acquire used woodworking tools for far less than they would cost on the market. While these fall in the category of tool auctions, these events are more specialized for folks who do mostly wood work like handymen, carpenters, and contractors.
What kind of Woodworking Equipment Gets Auctioned?
Miter saws, circular saws, and hand tools are just a few of the things that auctioneers frequently acquire from prominent vendors. Attending a woodworking auction gives you access to a wide selection of high-quality brand-new and used tools. It’s common to find all the top brands like Bosch, Makita, Dewalt, Magnum, and Wacker Neuson at auction.
There are numerous woodworking auctions in the United States. Many tools settle for just 5% of the new equipment price. In various regions of the country, you can locate auctions that provide wholesale quantities.
Here are the types of woodworking tools you can commonly find:
- Edge Banders
- Coping saw
- Crosscut saws
- Dowel maker
- Bench Top Pocket Cutters
- Handsaws
- Jigsaws
- Jointers
- Heavy Duty Precision Lathes
- Miter box
- Reciprocating saws
- Drill presses
- Sawsalls
- Saw horses
- Benches
There is so much more you can find. Sometimes entire woodworking shops are up for auction.
Woodworking Shop Up for Auction
What Are The Benefits Of Buying At A Woodworking Auction?
The main benefit of buying at a woodworking auction is the significant savings. You can find both new and gently-used tools at a fraction of the retail cost. That said, there are a few other advantages, such as:
- At some events you can test out the equipment and tools before you buy them.
- Auctions are a great way to find discontinued or hard-to-find models.
- Many auctions offer financing options.
- You can often find better deals online than you can at a live auction.
Buying woodworking tools and equipment at auctions is a great way to get high-quality tools for a fraction of the retail price. Just be sure to do your research before bidding so you know what you’re getting yourself into!
How Do the Woodworking Auctions Near Me Work?
Woodworking auctions are a good place to locate equipment for future projects or to upgrade your manufacturing lines. Here is how these events work…
All the woodworking tool auctions near me are traditional auctions where the winner has the highest bid, but be aware there are other types of auctions.
Register to Bid
To take part in the action, you must first create an account or register with the auction house. They may do background checks on your identity and you may need to provide evidence of your ability to pay.
The majority of auction houses will demand that you use your credit card to establish your credibility as a genuine buyer. Before you can participate in the bidding battle, the vendor will approve you as a registered bidder.
The earlier you sign up for an event, the more comfortable and knowledgeable you’ll be with it. It’s good sense to familiarize yourself with the terms and conditions of the auction, particularly payment policies, delayed removal, and other unique removal conditions.
Inspect The Tools and Equipment
There is a pre-inspection period where you can nspect the equipment thoroughly before you bid on it. Some events will have a rep there who can answer specific questions about the equipment’s condition.
An early examination allows you more time to assess whether or not the tools are worth purchasing. Make a mental note of all of your requirements, as well as your financial constraints, before attending an auction. Other competing bidders do not have to force you to spend more than you planned.
Understanding the Fees
The final bid price doesn’t always indicate how much the final price is. Some auctioneers charge a “buyer’s premium” which is a pre-determined amount that buyers must add on top of their final bid to cover overhead expenses. You must consider that when deciding how much to bid.
The hammer price (sometimes referred to as the “final” price) is usually about 10-25% of the bid price. You’ll need to factor in transport and removal charges, as some sellers charge buyers a fee for removing their items. Because bigger things might need to be deconstructed for simpler handling, you may need to pay for that labor. It’s also a good idea to have a truck ready should you win.
Winning Tips for Woodworking Auction Near Me
Research Beforehand
There is usually a catalog or website to look over the woodworking tools and equipment being auctioned. Take notes and write down any queries you have about the equipment; you may ask questions during the preview period. Look up anything you’re interested in eBay and see how much it costs new and used. This will assist you to establish your maximum price range at a bare minimum. You will also know when something is going well below value.
If you’re planning to bid on something large like commercial a drill press, make sure you have adequate space in your workspace. If you don’t have enough area, you don’t want to buy components that won’t fit. To verify the size of the equipment before purchase, measure it first and then double-check it again after buying it.
Set A Budget and Stick to It
If you’ve researched the market ahead of time, you’ll have a better idea what a reasonable rate is. Set yourself a value and never go above it. Don’t get roped into emotional bidding.
Smaller Crowds Means Less Competition
The more people there are, the more bidding action there is. Higher prices indicate a greater amount of action. To get better pricing, I like to look for events that aren’t as crowded.
Pay Attention To Details on Used Tools and Equipment
When purchasing used woodworking tools, try to discover who the previous owner was. Is it from Home Depot or a local carpenter? This will assist you in determining how much usage the goods have had. Commercial tools may have a lot of hours worked on them.
Three things that should influence how much to bid:
- Quality: Is this high-quality used equipment that I can begin using right away?.
- Space: Is there enough room in my workspace, truck, workbench to store it? Measure your area ahead of time so you’re not caught off guard.
- Price: What is the going rate for this on eBay? Don’t pay more than you can get it for elsewhere.
How To Find Woodworking Auctions Near Me
You may discover woodworking auction websites that specialize in your region. Many of these sites are connected to equipment, building supplies, and other construction-related auctions. Some of these events have started moving online recently, but there are still live public events.
I’ve seen these auctions take place at auction houses, but I’ve also seen them at lumber, brick, and other material yards.
My Best Tip for Finding Woodworking Auctions Near Me…
Pro Tip: One of my best secrets is using Google “Events” to find woodworking auctions near me. You will find popular auctions listed on Google Events, but also smaller less marketed auctions will be listed as well. Smaller auctions means less competition. Try Google Events here: Woodworking Auctions Near Me This Week
Where Do The Tools Come From?
Tool collectors, manufacturers, handmen, contractors, carpenters and salvagers offer variety of hand and power tools for working wood that are still in excellent shape. These are then sold at reduced rates. You may acquire well-functioning equipment ranging from hammers to saws and drills by attending woodworking auctions in your area.
You may get excellent tools from reputable suppliers at lesser prices by purchasing power tools at woodworking auctions. Woodworking auctions offer a cost-effective alternative for restocking your stock.
Woodworking Auctions Near Me – Wrap Up
Overall, winning tips for a woodworking auction near me include doing your research beforehand, setting a budget and sticking to it, and paying attention to details on used tools and equipment. Additionally, smaller crowds usually mean less competition and better pricing, so try to find events that aren’t as crowded. Finally, woodworking auctions are a great way to find high-quality tools at reduced prices, so they’re worth checking out! That’s how I leverage the woodworking auctions near me.