Info

The MISSION of Yellow Iron Auctions, Inc. is to provide an auction of construction, farm and industrial equipment for all business types. The consignment auction business is not new to the American economy. There are several auction companies of this type operating throughout the United States as well as worldwide. Typically, this type auction company conducts the auction at its own location. However, most of these auction companies will do on-site auctions for customers, if needed. Yellow Iron Auctions, Inc. will do auctions on or off site to meet client needs. Sale of industrial, farm and construction equipment on a consignment basis gives the seller(s) an opportunity to sell any excess equipment regardless of the number of items. This provides the buyer(s) the opportunity to have a choice of many types of equipment at one location, the privilege of inspecting the equipment and, if desired, to operate the equipment prior to the sale. Additionally, it creates a market for financiers and lenders who have assets to liquidate. Rather than depending on limited buyers, an auction makes it possible to have competitive bidding, thereby yielding a higher return on liquidated assets. Equipment sells to the highest bidder.