It is strongly recommended that you attend the open houses/inspections that are scheduled prior to sale. The bidder is invited, urged, and cautioned to inspect the property prior to submitting a bid. Failure to inspect property shall not constitute cause for cancellation of sale. Property will be available for inspection only at the times specified. At their own expense, potential bidders may have property inspectors examine the property during regularly scheduled open houses.
DON’T MISS OUT ON ALL OF THE STUNNING EQUIPMENT IN OUR Papa John's, Dunkin Donuts and Let's Yo Frozen Yogurt Restaurant Equipment Auction Which Features a Middleby Marshall Gas Double Conveyor Pizza Oven, Garland Gas Convection Ovens, 2017 PrepPal 20 Quart Mixer, 3 2013 Taylor Ice Cream Machines, 2007 Taylor Frozen Beverage Machines, Schaerer Ambiente Espresso Machines, Baxter Mini Rotating [ View Full Listing ]
In economics we tend to think of auctions as a good way to get at the true price of an object. Of course, it isn’t quite perfect as there’s still problems with information asymmetries, and people can get a winner’s curse because the people who err in thinking the car is worth more than it actually is are the ones who are likely to win. On the other hand, the price can go lower if there just aren’t enough people at the auction for that to happen– you need at least two people over-valuing the object and willing to pay for it for one of them to over-pay.