liquidation auctions

Liquidation auctions are sales where a business sells off its assets, such as inventory, equipment, or property, typically because it's closing or restructuring. These auctions are often conducted quickly to convert assets into cash. Bidders can purchase items at potentially lower prices than retail, but they should be aware that assets might be sold "as-is" and without warranties. Liquidation auctions provide an efficient way for companies to recover value from assets they no longer need, while buyers have the opportunity to acquire goods or equipment at a discounted rate.