Used machine tool pricing is constantly changing due to:
- overall economic growth influencing demand for manufactured parts.
- relative scarcity of specific equipment and other factors.
In consequence we believe fair market value is best achieved via a competitive bidding process, which will establish what you and other buyers are prepared to pay for a specific machine tool right at this moment.
Machinist Exchange has designed and hosts its proprietary onsite auction style listings which are accessible to all our members.
In an auction-style listing sellers may name a starting price and and they may establish a reserve price. You bid with other buyers for the machine, and when the listing ends, the highest bidder wins the auction - at the fair market price for the machine at this moment in time.
Please keep in mind, a bid is always a binding contract and you are committed to buy the machine should you win the auction.
Auction style listings are an important feature of Machinist Exchange and to provide a secure and fair environment for you and sellers we have established a set of relevant rules and policies for the benefit of all. Please see the following information,
you need to know to bid on Machinist Exchange:
- Guidelines for Buyers
- When you bid on or buy an item, you're agreeing to the rules we've put in place for our community.
- Interfering with transactions policy
- Learn about the rules and guidelines we've established to prevent people from interfering with the completion of transactions.
- Shill bidding policy
- Find out what shill bidding is, and why it isn't allowed on Machinist Exchange.
- Unpaid item policy
- Learn about our rules around paying for items after a buyer has won an auction or agreed to make a purchase.