Rabin 24/7™ Auctions

You may be wondering what the difference is between our RabinLive and Rabin 24/7 auctions.  The answer is simple.  Both auctions permit bidders to place a bid online but a Rabin 24/7 auction is entirely conducted online.  There is no live auction simultaneously taking place in a physical site.

Since Rabin 24/7 is a timed auction bidding system, lots begin closing at set times that are designated in the auction announcements.  Items generally close every 2 minutes unless there is active bidding.  You need to register on our site beforehand to be eligible to place a bid and to receive a bidder number.

Bidding is easy but do pay attention to exactly what you are bidding on.  If you see “ea” next to the numbers in the Next Available Bid column, that means you will be paying the amount stated for each item.  Quantities are shown next to the item description.  If you wish to place a pre-bid before the auction opens, do so in the Maximum Bid Column.  This bid must be equal to or greater than the Next Available Bid amount.  Once the auction opens, your bid will stay active until someone outbids you or you win the item. Check out our website for more tips on how to navigate the bidding process

A RabinLive auction is both a live auction and an online auction. The bidding takes place in real time between bidders on the floor at the live auction and bidders online using our bidder’s console.  A registered online bidder for an auction can even go to the auction site to bid and only has to present their online bidder number to be given an onsite number. 

At the end of our auctions, you will receive an invoice.   Forms of payment accepted are: wire transfers, cashier checks, company or personal checks, and credit cards.  See our website for more details or consult a Rabin Worldwide sales associate.  

Rabin Worldwide is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to discover how we may assist with your asset liquidation process.