August 28, 2009
by John Deere MachineFinder
1 Comment
One of the unique sales methods John Deere dealers have at their disposal is to sell their used equipment in an online auction format leveraging IronPlanet.com. The first event of this kind will occur Friday, August 28th, at 11:00 AM EDT!
This event is an absolute auction. What does this mean if you’re not familiar with the term “absolute auction”? An absolute auction means that the highest bid received on a unit will be sold to the bidder who placed the highest bid. The other type of auction is a “reserve auction”. In a reserve auction format, the seller will specify a dollar amount that the bidding prices much reach before the unit can be sold to the highest bidder.







