Rabin Worldwide Blog

12 Reasons for Being On-Site at an Auction

Physically attending a live Rabin auction has many benefits — for one, there's nothing like being up close and personal with the actual equipment you're interested in bidding on. Although you may not always have the time to travel to an auction personally, it does have its advantages, and here are some of them:

• Being in-person at an auction can be a much more individualized experience — you'll have the opportunity to meet our team at the auction site and connect face to face.

• You'll have direct contact with the auctioneer and other bidders.

• Get to meet with your industry peers and better understand the competition for each item.

• Have the opportunity to be able to read the auctioneer and other bidders, and bid using your best "poker face."

• You may be able to influence the grouping of auction items by expressing direct interest in a group to the auctioneer.

• Kick the tires. You can visually inspect all the equipment and take measurements.

• Get the inside scoop on items 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 should you win the bid.

• Instant gratification. With smaller items, you can often remove it from the building right after you win and pay your invoice.

• Our auction set-up teams are often able to provide you advice on crating, packing and shipping: What size truck will you need? Can you and your neighbor share a container? You'll need a half container for that stuff, or this type of vehicle to ship your items purchased. Go see so-and-so from XYZ Dismantling - they are the perfect contractor to get your stuff moved to your facility.

• You'll get out of the office. Take advantage of a change of scene, where one can often gain a new perspective.

• Food and Fun! Auctions can be lively, entertaining events and we keep our bidders comfortable and fed.

• Avoid possible connection problems and computer crashes associated with remote bidding when you're on-site at an auction.

If you are considering auction or other liquidation options, we can help guide you through the process. Contact us at 415-522-5700.

 

 

Rabin supports National Kidney Foundation in San Francisco walk

Rabin Worldwide once again this year joined forces with Mama's Empanadas to support the National Kidney Foundation in a local walkathon. The 2012 event was held on a beautiful sunny Saturday, May 5 in San Francisco.

Kidney Walks are organized throughout the country by the National Kidney Foundation to help people understand the need for early detection of kidney disease, raise funds for research, and to help patients and their families.

2012 Kidney Walk participating Rabin team members: Anna Brown, Elizabeth Baker, Bella Mercado, Christina Galletti, Frank Galletti, Drew Hynes, Dollie Miller, Hazel Tria, Louis Bonvincio, Jacob Smith, Michelle Denenkamp, Brian Hayes, Marisol Caguiat

One of our longtime Rabin accountants, Frank Galletti, is a kidney recipient and his daughter Christina owns Mama's Empanadas. In association with the Mama's Empanads Team, Rabin Worldwide raised over $2200.

Special thanks to Rabin's Marisol Caguiat who spearheaded our fundraising, raising over $1800 from six companies:

• Industrial Auctioneers Association, c/o Terrance Jacobs


• Rabin Management, c/o Dani Rabin


• Union Standard Machinery, c/o Jimmy Greenberg


• TCL Asset Group, Inc., c/o Terrance Jacobs


• Capital Recovery Group, c/o Gary Katz


• Rabin Worldwide, c/o Irina Okun

We appreciate all of our sponsors for their continued generous support of this cause, and all of our Rabin Kidney Walk Team members!

2012 San Francisco Walk details. Last year's coverage of our Rabin Team at the Kidney Walk.

Complete Starch Mogul Factory

Formerly Candy Factory DRSA

This auction will be held online with Rabin 24/7.

Bidding opens Tuesday, June 5th at 7:00 am Pacific Time. Lots begin closing Thursday, June 7th at 7:00 am Pacific Time. Preview Tuesday, June 5th from 9:00 am to 4:00 pm.

2009 Starch Mogul Line with Complete Kitchen & Packaging Lines

• Starch mogul line with 6-color depositor, starch drying and cooling system, oiler, sugar sander, pre-steamer and (8000) starch trays
• Complete kitchen with slurry tanks, batch cookers, jet cooker and raw material storage tanks
• (4) Complete vertical form, fill and seal machines with computerized multi-head weighers and carton closer/sealers
• Plant utilities include backup generator, air compressors, steam generators, air conditioning and water treatment

Equipment is located in the Dominican Republic. Find complete details and view photos online at this auction's overview page. Or, call us at 415-522-5700.

Complete Sawmill Operation — Formerly Twin Rivers Paper

Sawmill located in Juniper, New Brunswick, Canada

Auction live & online. Bidding opens Jun 14 at 10:00 am. Preview on Tues Jun 12 and Wed Jun 13 from 9:00 am to 4:00 pm.

Auction Highlights:

• Ring & Drum Debarkers
• Hogs & Chippers
• Resaw
• Edgers
• Trimmer, Sorter & Stacker
• Slashers
• Log Loaders
• Kilns & Furnaces
• Truck Scales

Plus: large quantity bearings, sprockets, drives, motors, Allen Bradley and Siemens controls, electrical parts including MCCs, distribution panels, starters, transformers, and much more!

Auction live & online. Bidding opens Jun 14 at 10:00 am. Preview on Tues Jun 12 and Wed Jun 13 from 9:00 am to 4:00 pm.

Find complete details and view photos online at this auction's overview page. Or, call us at 415-522-5700.

Richard Reese article featured in Industrial Auction trade journal "The Podium"

"Chalk it up to Experience – Lessons learned from striking international deals" is the title of a recent Podium article by Richard Reese, president of Rabin Worldwide. The Podium is the official publication of The Industrial Auctioneers Association.

In the article, Rich talks abut his international auction experience at Rabin Worldwide. Rich is always learning and "charting new terrirory" in the international auction market.

Here's a short exerpt from the full story:
"Over the years, we have taken financial positions in a wide rage of global projects: from sugar mills and ore processing plants, to semi-conductor facilites and contruction spreads.

In terms of chalking it up to experience, a large gold mine we banked in Darwin, Australia comes to mind. Having conducted many gold and copper mine auctions dating back to the late 70's, I felt confident in knowing what would be hard sales and long term holds.

I was right-on about both as the deal carried on for three years. What I didn't plug in to the equation was the changing price of gold (it took a nose dive during the course of the deal) and have since added commodity fluctuations to my risk assessment."

Read the Richard's full story in The Podium Fall 2011 issue. (see page 30)

If you are considering auction or other liquidation options in the US or beyond, we can help guide you through the process.

Contact us at 415-522-5700.