Forward Auction
Sell surplus, scrap and assets to the highest bidder in a live, transparent contest.
A forward auction puts your material in front of a vetted bidder pool and lets competition set the price. Bidders raise against each other in real time, and every bid is timestamped and recorded.
Salasar runs forward auctions for industrial scrap, surplus inventory, vehicles, plant and machinery, and end-of-life assets. Lots can be sold individually, bundled, or offered with reserve prices that stay hidden until met.
Sellers see live bid activity as it happens and get a full audit trail when the lot closes, so internal approvals and statutory reporting are a download rather than a reconstruction.
What you get
- Live ascending bids with automatic time extension on late activity
- Hidden reserve prices, released only when met
- Lot bundling and multi-lot events
- Full bid audit trail for compliance
About forward auction
What stops a bidder from sniping in the final seconds?
Each lot carries an auto-extension window. A bid placed inside that window pushes the close time out, so the lot only ends once bidding has genuinely stopped.
Can we set a price below which we will not sell?
Yes. A reserve price stays hidden from bidders; the lot shows as "reserve not met" until a bid clears it, and you are never obliged to sell below it.
Ready to run your first auction with us?
Talk to the team about your material, your suppliers, or the format that fits. A demo takes twenty minutes.