Solutions Beneficial to Our Clients and the Community

At Rabin we specialize in finding solutions that not only work for the seller; but we also try to find the best solution for the buyer as well as the community where the business resides.  Such was the case with the Catalyst Paper Mill in Snowflake, Arizona that closed in August 2012.  Since the company did not want the facility to be used as a paper mill in the future, all of the equipment would need to be liquidated. 

Our job was further complicated by a landfill with environmental liabilities and 45 miles of railroad track that had contributed to the economic growth of the community impacted by the closing of the paper mill.  To provide solutions for all concerns, Rabin purchased the property that contained the paper mill, the equipment, machinery and vehicles, the 19,000 acres of grazing land, the landfill and the industrial acreage. 

We sold a portion of the land and the landfill to an adjacent neighbor as well as held a successfully auction for the equipment, vehicles, and machinery.  In addition, we worked with the town and the railroad to come to terms on an agreement that would continue to provide the town of Snowflake services for low-cost transportation of freight.  The final piece of the project was to work with the local water district to discover ways to maximize the 19,000 acres of land.   

This is one example of the Rabin difference.  By building on our decades of experience in equipment auctions and appraisals, we can specifically target manufacturing plants and facilities as well as the equipment and processing lines, and any surplus, new/unused, rebuilt, and used/second hand equipment.  Our comprehensive services include auctioning the equipment as well as repositioning the real estate.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Our operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Rabin Worldwide is headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom.

Rabin’s Auctions are Run Extremely Well

Rabin auctions are fun and exciting and offer bidders not only an opportunity to bid on great machinery and equipment at a fraction of the original price but to network with others in the industry.  However in order for our auctions to run smoothly and efficiently, it takes a team of proficient, experienced professionals to ensure that always happens.

 

In addition to the preparations that are required to get auction items ready to sell, we also have work to do to get an auction site ready before the sale takes place.  Generally our crew starts preparing the site the day before but it depends on the size of the auction. For bigger sales, the site preparation may require a few days. 

If the auction is scheduled to take place in the factory, it is cleaned and everything is double-checked to make sure it is ready to go.  The next step is to set-up the technology that will be used during the sale.  Rabin’s auctions require state-of-the-art audio visual equipment, screens, a stage, a podium for the auctioneer as well as tables and chairs set-up for the bidders. 

To simultaneously run the live auction site and the Internet bidding, we utilize screens, computers, and PA systems to professionally deliver the auction proceeding to our bidders.  Additionally we need to set-up high-speed Internet connections and phone services to allow online customers to bid over the Internet or to call-in a bid. 

Our decades of experience and a proven track record of providing successful auction and liquidation services have allowed our clients to put their trust in us.  Please check out our website to learn more information about upcoming auctions.  If you wish to sell surplus items, please contact us and we will provide you with a free, confidential consultation. 

Rabin 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.  

Professional Auctions and Liquidation Sales at Rabin

As leading industrial liquidators and auctioneers, we have been offering both sellers and buyers with exceptional auction and liquidation services for over 60 years.  You will find we sell industry equipment and machinery that encompasses a wide range of industries. 

   

An example of one of our recent auctions included a Major Producer of Fresh and Frozen Bakery Products that was held in partnership with the Gordon Brothers Group and Capital Recovery Group.  The online bidding took place at bidspotter.com and the live auction site was at the Dobake Oakland Facility in Oakland, CA. 

The types of equipment included a complete cracker/biscuit production line with rebuilt sigma type tilt mixer, APV pre-sheeter, Sasib gauge rolls, BP 1 meter x 200' direct fired oven, Illapak right and left hand wrappers, Hayes cartoner and case packer.  The equipment and machinery is suited for quick serve restaurants, food service outlets, retailers, schools, warehouse club packs, convenience stores, and vending applications throughout the USA.

As for our liquidation services, we are currently listing high-quality construction equipment that is available for immediately sale.  The items are located at the Port of Mobile, Alabama.  Examples of the equipment include several 2006 Komatsu Haul trucks along with several Caterpillar Haul trucks.  Also the listing includes two Hitachi EX1800 Excavators that are located at Port of Jamaica. 

  

At Rabin we have sold equipment assets in every trade sector and on almost every continent.  For buyers we encourage you to take a look at our website to see all of our current liquidation items or to find out information regarding upcoming auctions.  If you need to sell surplus equipment, our services can help you to realize maximum value.  Please contact us for a free, confidential consultation. 

Rabin 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.  

Great Deals on Equipment Can be Found at Auctions

If you are a business owner and want to expand operations or need better-quality equipment, you know it is not easy to come up with the type of capital required to buy brand-new.  This is why you should look into purchasing used equipment at auction or through liquidation sales.

   

Manufacturing equipment is different from high-tech devices such as computers as it is built to last and can easily run for decades.  Furthermore just because a company decides to sell used equipment does not necessarily mean it has outlived its usefulness.  It may be a case of downsizing or needing to make room for up-dated equipment.  In some cases, a company may be going out of business and must sell.  Whatever the reason, it presents a perfect opportunity for small businesses such as yours to come in and buy up equipment that would be out of reach if it was brand-new. 

Frequently used equipment is from large corporations that have the ability to invest the type of capital that is required to purchase brand new, state-of-the-art equipment.  Many times they routinely replace their equipment once newer models become available with improved capacities, faster output and new engineering designs.  This does not mean that the older equipment is past its prime; on the contrary, it should have plenty of life left to admirably perform many more years on your factory floor. 

   

We encourage you to let an auction company expertly assist you in the process.  At Rabin our auctions allow smaller or entrepreneurial companies just starting out to have the opportunity to purchase high-quality, working equipment for a fraction of the original purchase price.  We provide a superior buying and selling experience with the most accurate product descriptions, high-quality photos and unmatched customer service.  Ask our buyers—Rabin auctions are organized, professional and fun!

Rabin 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.  

RABIN 24/7 - Our All Online Auctions

As a multi-generational, family owned asset recovery, valuation, and sales company, we provide financial solutions for a wide range of clients.  One of the many services we offer is Rabin 24/7 Online Auctions that utilize the most up-to-the-date technology to bring customers a safe and efficient online auction site. 

Rabin 24/7™ is our proprietary, timed auction system in where all bidding is conducted online.  The extremely powerful system has the capability to automate the bidding process in real time.  However as one of the leading companies in the industry, we do not rely entirely on our state-of-the-art technology, irrespective of the efficiency of our system.  To ensure the trustworthiness of our auction site and to protect sellers and buyers, we employ a team of highly experienced professionals that oversee the process and keep it running smoothly.  We understand no technology in the world can take the place of excellent customer service and that hands-on attention is vital to maximizing client returns and providing the optimal bidding experience. 

During each and every auction, our expert staff monitors the system to make sure everything is on track.  We especially pay attention once lots are starting to close.  You will not have to worry if you make an accidental bid or miss-type an entry as we are ready to correct all errors.  At Rabin we react to each and every problem quickly and effectively.

Please see our website or contact one of our sales representatives if you are interested in participating in one of our auctions or wish to sell items.  Our unique combination of diversified experience and unparalleled professional expertise sets Rabin apart.

Rabin 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.  

Industrial Real Estate Properties for Sale

At Rabin Worldwide we currently own and manage approximately 1,625,000+ square feet of industrial real estate throughout North America.  As a privately held firm with low debt, we have the capacity and flexibility to act quickly on projects of interest.  Our focus is on distribution markets that exhibit strong demand characteristics, possess high barriers to entry or other value-add opportunities.

Drawing on extensive experience, we target manufacturing plants and facilities that include equipment and processing lines, including surplus, new/unused, rebuilt, and used/second hand equipment.  We expertly handle all component of a sale from auctioning equipment and machinery to repositioning the real estate.

To give you an idea of the scope of our real estate business, we currently have a couple of listings for large industrial complexes.  The Capital Commerce Center (CCC) in Sacramento County, CA offers up to 1.3 million square feet of industrial space for sale or lease and is located on 129 acres.  The site features 24/7 security, abundant parking with space for 250 trailers, 50 loading docks and 25 grade doors.  The existing space includes dry warehouse/distribution, production/food preparation and freezer/cooler, and can be divided into smaller units for tenants requiring less square footage.

With an unparalleled infrastructure, the CCC can cater to the Food and Beverage industry as well as to manufacturers and distributers.  Attributes include a heavy un-metered water supply, heavy power supply and sewer capacity.  

Our other industrial listing at the moment is the Beech Bottom Plant in West Virginia and offers approximately 360,000 square feet of improved industrial property.  It includes approximately 90 acres of usable and relatively flat industrial land that is ready for development. In addition there is a potential for barge loading as the usable property is adjacent to the river.  There is also a wastewater treatment plant on-site that can be restarted. 

We invite you to take a more comprehensive look at these two properties listed on our website and check to see if we have anything new.  Furthermore please contact us if you have an industrial property to sell.    

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.  

How Does Depreciation Affect Your Equipment’s Value?

For accounting purposes, depreciation is defined as a decrease in the value of an asset as a result of wear and tear, age, or obsolescence.  Thus most assets lose value or depreciate over the course of their lifetime and need to be replaced once they reach the end of their lifecycle.  However when machinery and equipment assets are appraised, depreciation is handled in a slightly different manner. 

The NEBB Institute, who among other things certifies professionals in the art of machinery/equipmentappraisals, explains that depreciation has a different meaning to machinery and equipment appraisers.  They add that, “To appraisers, depreciation is the estimated decrease in value of an asset from its initial purchase price.  The estimated decrease is based on a number of criteria, such as physical, functional, and/or economic factors.”  In other words it may not matter what the actual age is of a piece of equipment, but rather if it is operational and still used in the industry.  Finally the most important fact that impacts the value of the asset is, “How strong is the market demand”?

By having a professional appraisal done before you try to market your surplus equipment, will help to ensure you get the maximum value for your assets.  Additionally there are some circumstances where it is not only a good idea but may be required for insurance purposes, mergers and acquisitions and in orderly or forced liquidations. 

Another reason that certified appraisals make sense is they are more readily accepted by financial institutions and corporations as well as the IRS and the courts.   Keep in mind that appraisals are defined by factors such as replacement cost for new or used equipment or machinery, fair market value, geographic location and specialized design and/or modification.  Other considerations that impact value are technological obsolescence and industry trends as well as economic fluctuations. 

 Sources: nebbinstitute.wordpress.com/

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.

The Advantages of Orderly Liquidation

The definitions for Orderly Liquidation Values (OLV) and Forced Liquidation Values (FLV) are similar but with one of the differences being the time period permitted for the sale of the assets.  Orderly liquidation allows businesses to sell assets over a reasonable amount of time and for reasonable prices, whereas in a forced liquidation, assets must be sold in the shortest time possible and for whatever price they bring.

Also in orderly liquidations, the seller has more control over the process, which is different from that of forced liquidations.  Under forced liquidations, sellers do not control the process but rather a bank or other financial institution is generally the one in charge.  The assumption in orderly liquidations is that a company can afford to negotiate the selling price of their assets with potential buyers and sell to the highest bidder.  Additionally when a company is given reasonable time to liquidate, assets can be sold at the most appropriate time and be offered to the widest audience.  Thereby, they typically sell for higher prices than in forced liquidations.

Conversely in forced liquidations, potential buyers are aware of the speed in which the sale must be conducted and go in expecting to get a real bargain from a seller who is compelled to sell.  This is why FLV are generally much lower than OLV.

Businesses facing orderly liquidation or forced liquidation can hire a firm that specializes in asset recovery and disposition services to manage the entire project and help to obtain maximum value for the company’s assets.  Since asset appraisal is the essential starting point when facing liquidation, you want the most experienced appraisers such as our team at Rabin.  We provide businesses with fair market values for their assets as well as give them the OLV or FLV that is based on our actual sales or that in the marketplace.

Sources:
nebbinstitute.wordpress.com/2014/06/11/the-difference-between-orderly-liquidation-forced-liquidation-and-fair-market-values/

Rabin Worldwide is an international company that specializes in creating liquidity for manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants 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.

Take a Try at Selling or Buying at Auction

If you are looking to sell surplus equipment or would love to buy someone else’s, why not try an auction.  Auctions present a great opportunity for companies to quickly obtain needed capital and are an excellent way to purchase additional equipment.  It is prudent to use the services of a reputable auction house and Rabin Worldwide is just such a firm with a history of over 60 years in the industry.
Our longevity means we have experience in nearly every facet of industrial equipment.  Rabin provides services that are tailored for large companies as well as expertly handle sales for smaller businesses.  One example of an auction we recently completed was for the Jones Brothers Construction Company, under our construction and mining division.  

For the Jones Brothers’ auction, Rabin provided our buyers all the needed information along with a selection of high-quality photos for each item listed.  Their auction as well as all Rabin auctions listed details on the equipment that included model and serial numbers, manufacturer, and age of the equipment.  When it was useful, numerous pieces of equipment had videos showing them in operation.  Furthermore we gave potential buyers the information on where the equipment was located and the amount of operational hours the piece had logged.

For our buyers, we make it easy to get started.  Rabin’s online site lists the opening bid and reserve amount along with details on when the live bidding opens and when the proxy bidding opens.  There is a link on each auction page that takes you directly to our easy registration process.  We do caution that you allow at least one business day for your bidding registration to be approved.  For any further questions, please contact your Ad Representative or call Auction Customer Support at 800-334-7443 or 402-479-2119.

Advantages of Being at an Auction Site

While we are extraordinarily proud of Rabin’s online auction services, we think you will agree that there is no substitute for the fun and excitement that is present at a live auction.  Obviously our online auctions offer the unique opportunity to bid on items from around the world without incurring the expense and time of traveling to each location.

That being said, live auctions do have some advantages.  No amount of pictures or verbal descriptions can tell the story as well as being on-site to visually inspect the equipment up-close and take measurements.  Furthermore it provides the opportunity to meet the auctioneer in person.  You may even try your hand at influencing the grouping of auction items by expressing interest in a group to him or her.

If you are traveling to the auction site, we always recommend you try to attend the public pre-inspection to view items that you want to bid on.  And since RabinLive auctions are simultaneously a live auction and an online auction, we make it easy to get set up to bid from an online location if you have to leave the auction early.

Another advantage to being there is that you have the opportunity to meet our team at the auction site and get inside scoops on items that you are interested in from our set-up staff.  For example, if we have identical batches of items being sold as "buyer's choice," you may be able to glean some hints about which ones to choose in the event you win the bid.
Plus physically attending an auction provides the chance to come into direct contact with other bidders.  You can network among your peers and meet new contacts in the industry.  Also since you are face to face, you can check out your competition and see what you are up against in terms of bidding.

Moreover we provide expert advice on crating, packing, and shipping your new items.  Our team will answer questions such as the best ways to transport items and what size truck you need.  In addition we can direct you to our contacts in the field that have the know-how to move heavy equipment and machinery.  

Rabin Worldwide is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to discover how we can assist with any type of company liquidation.

How to Become an Auctioneer

Professional auctioneers work hard at their craft and the job involves hours of practice and training.  To find more information on the profession, the National Auctioneers Association (NAA) is a great resource.  Founded in 1949, they are the world's largest association dedicated to professional auctioneers and represent individual auctioneers servicing a wide range of industries.   

The NAA recommends that anyone interested in becoming an auctioneer starts attending auctions to get an idea of the profession, and if still interested, to find an auctioneer school.  Their website publishes a comprehensive list of schools throughout the U.S., Canada and across the globe. 

An auction school teaches students the art of bid calling as well as provides training on how to start and operate an auction business.  They show students the best ways to market their services along with sale’s techniques.  Many auction schools have websites so you can take a look at the requirements and curriculum for schools in your area. 

Looking at a website for one school in New England, they state that all of their instructors are professional auctioneers.  Their program consists of 80 hours of coursework that meets or exceeds the New England States’ educational requirement as well as many other state’s requirements.  The curriculum focuses on auction law and professional ethics along with personalized bid calling and coaching. 

To give an example of the requirements for the New England States, you need 80 hours of certified course work that includes 50 hours of core curriculum and 30 hours of optional curriculum. Core curriculum subjects are Auction Law and the Uniform Commercial Code, Ethics, Contracts and Legal Matters, Accounting Procedures, Advertising, and Bid Calling. Their licensing requirements meet or exceed the requirements of most of the 50 states for certification, and they also have reciprocal licensing agreements with many states.

Also the NAA offers its members continuing educational programs and resources to help them advance in the profession.  The organization’s other benefits include access to the Online Networking and Mentoring Forum and an opportunity to attend conferences and shows.  All members of the NAA abide by a strict Code of Ethics. 

Sources:

auctioneers.org/schools

For over 60 years, Rabin Worldwide has been assisting companies with creating liquidity through innovative solutions. We specialize in complex manufacturing facilities with idle or marginally productive assets. Rabin’s operations include selling surplus individual items, entire plants, or multiple plant locations by auction or liquidation and much more. When you need to sell assets, realize your maximum value by using the services of highly experienced commercial liquidators.

Different Types of Auctions

At Rabin Worldwide, we use an English auction style but there are numerous types of auctions.  The English auction is also called an ascending-bid auction and has an auctioneer, an audience of bidders, and a bidding process that moves quickly.  It is probably the most widely known format.

Today English auctions have easily moved into the electronic age and are carried out in real time with bidders physically present on-site or electronically connected through the Internet or by phone.  The auctioneer opens the bidding up at a low price and the competition among bidders is what drives the price higher.  Bidders shout-out prices or raise their bid paddles, and online bidders submit their bids electronically.  The price of the item continues to go up until all of the bidders but one drop out.  By default, the highest bid wins the item.

Less commonly used is the descending-bid auction or what is known as a Dutch auction.  It works in a similar fashion as the English auction in that it is interactive but prices start high and drop until bidders are willing to accept a price that meets the seller’s reserve price.  The strategy behind this method is that bidders have to be aware of the competition they face and act quickly to secure items.  The term Dutch auction comes from the fact that flowers in the Netherlands are sold using this process.   

Another kind of auction is the first-price sealed-bid auction or blind auction.  This is where all bidders simultaneous submit one sealed bid to the seller.  The sealed bids are opened all at once and the winner of the auction is the highest bidder.  Businesses and the government use this method to procure services and to award contracts to the lowest bidder.

Second-price sealed-bid auctions are also called Vickrey auctions.   These auctions are done in the same method as sealed first-price auctions but differ in the fact that the winning bidder does not pay his bid amount but rather that of the second highest bid.  This system encourages buyers to bid high since they know they will not pay their bid price and is similar to the bidding process used on eBay.  Wikipedia states that, “Vickrey auctions are also commonly employed in digital advertising, powering real-time exchange environments for display advertising, search engine marketing, and Facebook advertising.”

Sources:

cs.cornell.edu/home/kleinber/networks-book/networks-book-ch09.pdf

en.wikipedia.org/wiki/Auction#Types

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.

Rabin Live Auctions

Rabin Worldwide onsite auctions offer bidders an opportunity to participate from wherever they have a computer.   We generally use one of the following two platforms for online bidding and will indicate on the auction announcement page which system is being utilized for a particular auction.  It will be either our proprietary online system, RabinLive, or Bidspotter, a third party online bidding system.  We supply all the information on how to bid and what the requirements are for your computer.

A RabinLive auction is both a live auction and an online auction.  It takes place simultaneously in real time between bidders on the floor at the live auction and bidders online using our bidder’s console.  In order to participate, you must be registered for that sale and can register either online or in person at the auction site.  A credit card is required to register and a form of deposit.  You will then be given a bidder number.

Even if you registered for the live auction site, you can still register to become an online bidder if your situation changes and you cannot attend the live auction.  The process is easy and you will only need your e-mail address and credit card information during the registration process.  Once completed, go to rabin.com and click on "Buy" at the top of the screen.  Look for the auction and click "Register to Bid".  It will walk you through the registration process.  Once you have successfully completed the process, you will see a "Bid Now" button. Click on the button to get to the bidder’s console.

For more information regarding Rabin auctions, see our website or talk to one of our sales representatives.  We make our auctions both easy and fun to participate in.

 

 

For over 60 years, Rabin Worldwide has been assisting companies with creating liquidity through innovative solutions. We specialize in complex manufacturing facilities with idle or marginally productive assets. Rabin’s operations include selling surplus individual items, entire plants, or multiple plant locations by auction or liquidation and much more. When you need to sell assets, realize your maximum value by using the services of highly experienced commercial liquidators.

 

How to Bid at Auction

For some, the auction experience is a new one and there may be some confusion as to how it all works and how to effectively place a bid.  At Rabin we make it our business to clearly explain the process to all new bidders in order to make sure the experience is a good one.  Our auctions are fun and easy to do and we welcome any questions you may have. 

To get started, all bidders must register for a particular sale.  Just because you have already participated in a Rabin auction does not mean you are registered for the next sale.  Also before you register, make sure you understand all the payment instructions and requirements.  You can register online or in person at the auction site and will need to put down a form of deposit and a have a credit card.  Once that is done, you will be given a bidder number.

We encourage our bidders to attend the public inspection before the auction to get an opportunity to view items they want to bid on.  Check on our website to see when that will take place.  If you are new to auctions, be sure to get there at the start to hear the announcements and an explanation of how the auction will be conducted. This is your chance to ask any questions you may still have.  For online bidders, we provide a conference number so you can call in to listen to the announcements and the auction.

Now we get to the actual bidding process.  If you are at the auction site and wish to place a bid, simply raise your bidder paddle.  For those that are bidding online, they only need to click the bid button.  The rest is easy.  The highest bidder wins the item(s) and will pay for the item or items once they have completed bidding.  Online bidders will receive an invoice via email shortly after the auction. 

Payment arrangements must be made within 24 hours.  A Buyer’s Premium and applicable sales tax are added to the final purchase price.  Items are your responsibility to pick-up and are only released to the buyer once the invoice is paid in full.  We generally have riggers on hand to assist with heavy machinery or equipment. 

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.

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.