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Anyone ever used irsauctions.com to buy equipment?

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Forum topic by yellowtruck75 posted 05-06-2015 10:56 AM 1144 views 0 times favorited 8 replies Add to Favorites Watch
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yellowtruck75

464 posts in 2532 days


05-06-2015 10:56 AM

Has anyone ever used IRSauctions.com to buy used woodworking equipment? I found a local cabinet shop that closed and has equipment posted on the site.


8 replies so far

View Tennessee's profile

Tennessee

2410 posts in 1979 days


#1 posted 05-06-2015 11:25 AM

Just so you know, IRS in this case I believe stands for Industrial Recovery Services, not the IRS we all know and love.
Also, there is a long posting on this over at Sawmill Creek where they talk about hiked shipping costs, items being in other locations than first noted, and extensions of bidding times by 5 minutes every time somebody makes a mistake and bids in the last five minutes, re-opening it up to the whole crowd.

My personal feeling is if I cannot get my hands on a used piece, I would not buy it sight unseen. And if you think about it, most of these companies will have sold off the good stuff to satisfy creditors before handing the rest off to someone like Industrial Recovery Services.
Just my opinion…

-- Paul, Tennessee, http://www.tsunamiguitars.com

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yellowtruck75

464 posts in 2532 days


#2 posted 05-06-2015 11:44 AM

Figured it wasn’t the real IRS since it is a .com and not a .gov

Some of the equipment listed is in the ext town over from me so the only way I would bid is if I could go and inspect it first.

View helluvawreck's profile

helluvawreck

23175 posts in 2331 days


#3 posted 05-06-2015 12:08 PM

We had a large molding plant which unfortunately we lost due to a fire. We used to buy stuff all of the time. What we used to buy mostly was material, hardware, and tools. We bought a lot of material by the truckload and it was always a good deal for us. I had a machine shop in our plant and was over all of the engineering and maintenance. I have bought new machinist tools and tooling for great deals. These came out of the large plants that were closing down. I never got anything of this sort that was a bad deal. We also bought molder and shaper heads a number of times. If I had to guess we bought well over ten tractor trailer loads of material. I also bought several large machine tools for our machine shop. It’s always somewhat of a gamble buying stuff like this but the IRSauctions has been in business for quite a while and try to maintain a good reputation INMO.

helluvawreck aka Charles
http://woodworkingexpo.wordpress.com

-- If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away. Henry David Thoreau

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TheGreatJon

296 posts in 698 days


#4 posted 05-06-2015 12:11 PM

I stalk IRSauctions all the time. It’s like tool porn. There is always great equipment on there. Unfortunately, I’ve only ever seen two of them close enough to me to actually go inspect the lots and bid on them. You can arrange your own shipping if you buy something farther away, but you will have to buy it sight-unseen. I got an old Sears-Roebuck 16” drill press for $25. I also got outbid on a Delta 12/14 table saw, and about 5,000 bf of teak (I got way outbid on that one, but I was just hoping to turn around and wholesale it for profit).

You definitely need to be aware of the fees when you set your maximum price. Most of the auctions include a 10-15% “buyers fee.” Sometimes there is also a mandatory loading fee. All fees and conditions are listed on the tab labeled”essential info on this lot.”

-- This is not the signature line you are looking for.

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bonesbr549

1176 posts in 2532 days


#5 posted 05-06-2015 08:07 PM

I’ve been a registered member for some time bid on a lot of items never won. Remember to add in the buyers premium, and read the fine print. I generally bid on lumber, and they have a little disclaimer on what they will load and due to insurance requirements, have to load it for you and only on a flat bed. Little things like that. Seen some good deals go buy. If you can do 3 phase stuff real great price if you can get it! They are legit though.

-- Sooner or later Liberals run out of other people's money.

View JAAune's profile

JAAune

1643 posts in 1781 days


#6 posted 05-07-2015 12:37 AM

I’ve made purchases at two or three auctions. I don’t inspect beforehand but choose to hedge my bets by keeping the bids low enough to leave money for repairs if necessary.

-- See my work at http://remmertstudios.com and http://altaredesign.com

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,

2387 posts in 3012 days


#7 posted 05-07-2015 03:18 AM

Ive won bids there on 2 separate auctions. One was in Philly, other in Dallas. Both times I was successful. Never lost cash on purchases. Actually made money both at both auctions, which is the name of the game as a business. I will give them one dig as both times I had rigging type issues. But being aggressive and resourceful helped as I worked out the rigging issues on both purchases.

-- .

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Holbs

1377 posts in 1494 days


#8 posted 05-07-2015 04:58 AM

when i was VERY active in auctions, I came across IRS auction house. But I always noticed their auctions are never held on the west coast. I called and asked. They said they cater to the east coast, sometimes mid-central, and maybe once a year on the west coast. But those kind of auctions are the big boy pocket industrial guys. You would be much better off with the local auction houses.

-- Yes, my profile picture is of a Carpenter Bee! The name is derived from the Ancient Greek "wood-cutter"

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