Asset management auctions are a great way to get the asset you need for your business. Still, it can be challenging to know where and when these asset management auctions will take place. In this blog post, we’ll share several tips that will help you win these auctions. These tips also apply if you’re looking to buy or sell an asset in bulk.

Tips for Winning at Asset Auctions

Know the asset auction process.

Auctions typically follow a recurring pattern where bidders are given some time to preview the asset before bidding occurs on each asset. This is why you must know when and where these auctions take place to be prepared ahead of time. Some asset managers will only release an asset forbid once, while others may hold multiple asset auctions throughout the year. Knowing this information in advance will help you plan out your schedule accordingly to avoid missing any opportunities during your busy day-to-day life.
You should always bring someone with experience if possible.

If there’s one thing we’ve learned from working here at an asset auction, it’s that you should always bring someone with experience if possible.
Prep, your client for the asset they are bidding on beforehand.
The best way to prepare yourself or your client for any asset is by doing some research first. This includes knowing what the asset looks like, how much energy it will put out, and even where it can be found in space (exoplanets). Ensuring everyone knows everything about an asset upfront provides a more positive outcome during each asset bid process!

While we’re all familiar with buying assets from a catalog at our local shops back on Earth, here at NewWorldCo, we have been lucky enough to work closely with man auctions. These asset auctioneers have been a large part of how we can purchase assets from across the galaxy and bring them back home for our clients! If it weren’t for commodity asset managers, NewWorldCo wouldn’t be where we are today – I guess that’s why they call them the backbone of our company!

  • The manager you’re working with is likely already familiar with the commodity asset sales process, so make sure to do your research before meeting up! You’ll want to know what exactly they specialize in and their track record for. If possible, look through their past auctions (i.e., asset history) – this will help set expectations on how well things tend to go during an auction.
  • It’s essential not only that you show up for scheduled meetings prepared but also to be ready to work quickly once a bid has been made! Part of being successful when dealing with asset managers is knowing both where our company stands financially and having the ability to act fast while making quick decisions.
    We hope this information has been helpful to you.