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What is a Reverse CNC Auction?

Posted by Erika McPherson on Nov 7, 2014 3:46:00 PM
Erika McPherson
On Thursday, November 20th, Machine Tool Bids is hosting a Reverse Auction. This online auction passes the  lowest possible cost for surplus CNC machines directly to you, the end user. For all machines with the purchase price revealed (in green), the first "bid" buys the machine. This is a great time to to wrap up any equipment purchases before the end of the year!

What Is a Reverse CNC Auction?
We reached out to all sellers of machines that have been listed in previous auctions, and negotiated the lowest possible prices. Buyers receive a drastically reduced price on all machines during this auction. 

Buy At the Lowest Possible Cost:MTB_Machine_Bid_Offer
There is no haggling and no ongoing bidding. Your first bid buys the machine immediately with no waiting for auction day. November 20th marks the official end of the Reverse Auction. You can buy the machine by clicking "Place My Bid Now" or submit a reasonable offer by clicking "Make Offer" (see image to right).

Can Machines Be Inspected?
You have the right to inspect any machine. Only a 10 percent refundable deposit is required to arrange an inspection. Call us at (312) 226-4305 to schedule.

What Types of Machines Are Available?
We have great makes and models, all in good working condition. Machine types include: CNC and Manual Lathes, Vertical Machining Centers & Horizontal Machining Centers, Mills, Drill & Tap Machines, Wire EDMs and EDM Sinkers, Grinders, Shears, Robots, Gear Machinery, Factory Equipment and more to be added. Check out our current items by clicking here:

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Call Us At (312) 226-4305 With Any Questions or to Set Up An Inspection