An evolutionary digital marketplace, www.allsurplus.com backed by one of the world’s largest asset disposal companies, Liquidity Services, is set to change the way local mining companies can purchase or dispose of assets to a truly national, regional and International buyer base.
www.allsurplus.com is an innovation of the global Nasdaq-listed Liquidity Services group, which is best known for its long-running disposal contracts with organisations like USA Department of Defence, Boeing, Mondelez, Chevron and Amazon among others.
Its new marketplace is therefore well resourced and effectively modelled on an online marketplace where assets in 500 categories are on offer.
GoIndustry DoveBid South Africa who currently represent Liquidity Services in South Africa have been operating in South Africa since 2004 and are excited about the migration of their client sales to the www.allsurplus.com platform, calling it a real game-changer. The aggregation of all the groups’ seller portals into www.allsurplus.com gives the combined portals a truly global appeal.
Sellers are now able to access over 3.5 million registered global buyers who regularly buy assets across the various online platforms within the Liquidity Services stable. Private sellers, business corporates, liquidators, lawyers, business rescue practitioners and banks are able to harness this buyer base when selling assets through the www.allsurplus.com platform.
1, 2, 3 easy
“AllSurplus.com is the perfect marketplace for companies to list their assets. It is quick, easy and does not require extensive marketing campaigns to attract buyers to auctions or private treaty sales. The seller hub allows selected clients freedom of access to upload information, pricing, and images themselves, which we simply vet and upload to the portal.
“Once sales have gone live, each lot becomes infinitely searchable and buyers everywhere are able to start bidding. Buyers can save search choices linking assets by type, region or many any other selectable search criterias. The site will also notify bidders of impending closing bids and allow them time to place new bids or defend their bids if need be,” says John.
He explains that all bidders are registered in their own countries and must abide by the terms and regulations of the subject jurisdiction. That means that bids are legally binding and gives sellers peace of mind that the bids are genuine.