Auctions

Online Industrial Equipment Auctions from Plant Closures and Surplus

Federal Equipment Company holds online auctions of process, packaging, and lab equipment from plant closures, consolidations, and surplus. Auctions run through our auction division, The Proxio Group, and with partner auction firms. Bidding is online, and each auction has a scheduled closing date.

Used process equipment on pallets, some wrapped in plastic, in the Federal Equipment Company warehouse in Cleveland, OH
300+Online auctions held since 2019

Upcoming Used Manufacturing Equipment Auctions

This page is updated frequently as used industrial equipment auctions are added to our schedule, so bookmark it and check back often.

For buyers

How to Buy at an Online Equipment Auction

Terms differ from one auction to the next, so read each catalog before you bid. These are the usual steps.

  1. 01

    Read the Catalog

    Each auction's catalog lists the lots, where each one is located, and the terms of sale. The terms cover the buyer's premium, sales tax, payment, and the removal schedule.

  2. 02

    Register to Bid

    Bidding takes place on the auction's online bidding site. Bidders are subject to the auctioneer's approval, and some auctions ask for identification or a refundable deposit first.

  3. 03

    Inspect the Equipment

    Preview is often by appointment at the equipment's location. Auction equipment sells as is, where is, so look at it before you bid. Buyers often send an OEM representative to inspect.

  4. 04

    Bid Online

    In a timed online auction, lots usually begin closing at a set time on the closing day, and a late bid can extend a lot's closing time. The catalog gives the rules.

  5. 05

    Pay and Remove

    Payment terms are in the catalog, and equipment is released once payment clears. Buyers usually arrange dismantling, rigging, and shipping within the removal period the catalog sets. Some auctions also add a loading charge per lot.

For sellers

Selling Equipment at Auction

An auction suits a plant with a firm closing date and a large number of items. Each auction has a scheduled closing date and a removal deadline, so you can plan the sale around your closure. Bidding also puts the equipment in front of many buyers at once, and competition among them sets the price.

The equipment is cataloged, advertised, and sold online, on our own through The Proxio Group or with a partner auction firm. Invoicing and sales tax collection are handled for you, and you receive an itemized settlement statement after the sale. There is no upfront cost: selling expenses, including any removal we handle, come out of the proceeds.

An auction is not the only route. A complete plant can also be offered whole, before or alongside an auction, to a buyer who wants to run it, and equipment that does not sell at auction can move to a liquidation sale. Read how we buy and sell surplus equipment, or order an appraisal before you decide.

Other ways to buy

Inventory, Liquidations, and Private Treaty Sales

Not every machine goes to auction. Equipment from closing plants and surplus also sells through these channels.

Equipment in Stock

We stock thousands of machines in more than 275 categories, most of them in our Cleveland, OH warehouse. Each one is quoted individually.

Browse inventory

Liquidations

Each liquidation puts one site's equipment, or one group of surplus, on its own sale page. Make an offer on a single machine or a complete line, with no fixed closing date.

Current liquidations

Private Treaty Sales

Buyers submit negotiated or sealed bids on a complete line or site within a set period, and the seller chooses which bid to accept.

How private treaty sales work

Industries

Auctions for the Process Industries

Our auctions sell equipment from pharmaceutical, biotech, chemical, plastics, packaging, and food and beverage plants, along with lab instruments and plant utilities. The past auctions listed above show the range.

Select an industry below to see the equipment we stock today.

FAQ

Equipment Auction FAQs

Still have a question? Call 800-652-2466 or email sales@fedequip.com.

How do online equipment auctions work?

Each auction has a catalog of lots, a preview period, and a scheduled closing date. Approved bidders bid online, and when a lot closes, it usually goes to the high bidder. The catalog sets the terms, including the buyer's premium, payment, and removal.

Who runs Federal Equipment Company's auctions?

Federal Equipment Company runs auctions through its auction division, The Proxio Group, and with partner auction firms. Each auction's page names the firm it is held with, and each catalog sets that sale's terms.

What is a buyer's premium?

A buyer's premium is a percentage added to the winning bid, so it is part of what the buyer pays. Each auction's catalog states the rate. Sales tax usually applies as well, unless the buyer provides a valid resale or exemption certificate before invoicing.

Can I inspect equipment before bidding?

Yes. The catalog gives the preview dates and location, and preview is often by appointment. Because equipment sells as is, where is, look at anything you plan to bid on.

Where is auction equipment located?

It depends on the auction. Many auctions sell equipment where it stands at the plant that is closing, and some sell equipment located in Cleveland, OH. The catalog lists each lot's location.

Who removes equipment bought at auction?

Usually the buyer, using its own riggers or contractors, within the removal period in the catalog. Contractors must follow the site's rules, and some sites require proof of insurance.

What is the difference between an absolute auction and a reserve auction?

In an absolute auction, each lot sells to the highest bidder with no minimum price. In a reserve auction, the seller and the auctioneer set a minimum price that bidding must reach before the lot sells. Reserves, where used, are set lot by lot, and each catalog states whether sales are subject to the auctioneer's confirmation.

Can I sell my equipment at one of your auctions?

Yes. Send a list of the equipment to sales@fedequip.com, call 800-652-2466, or use the form on the Sell Your Equipment page. Federal Equipment Company reviews it and recommends whether an auction or another method fits, and there is no upfront cost.

How can I hear about upcoming auctions?

Sign up for Federal Equipment Company's weekly equipment emails, written for pharmaceutical, chemical, plastics, packaging, and food and beverage buyers. Upcoming auctions are also listed on this page, along with past auctions back to 2019.

Have a plant to clear? Ask about an auction.

Call 800-652-2466 (international +1 216-271-3500) or email sales@fedequip.com. Send an equipment list, and we will recommend whether an auction fits.