Why Auction?
Many traditionalists in the aircraft community would like to make you believe that because an auction takes place at a specific place and time that the final price is less significant than one arrived at over the length of an ordinary classified ad. It is important to understand that while an auction is time specific, its exposure in the marketplace is advanced to conventional promotion, and it is heavily promoted for a 3-6 week period. In this way the auction creates excitement beyond the single day of auction and at the same time has the advantage of motivating potential buyers into action. Often in the existing market, buyers are left out because they don't have time to react. The opening offer is the winner. Auction takes adequate time to notify everyone, but drives them to compete.Only at an Auction can you:
- Set a definite date and time of sale
- Market and advertise toward a specific event in time
- Expose your aircraft to the greatest number of buyers
- Guarantee the sale is at true market value, not a price that has been
negotiated down
- Create an exciting, competitive atmosphere among highly interested
buyers