Breaking Down the Auction Timeline
The auction timeline has several phases. First, the consignment phase involves paperwork, equipment inspection or documentation, and cataloging. This typically takes one to two weeks depending on equipment complexity and location. Next, the marketing phase runs from listing until auction day—usually two to four weeks. During this time, the equipment appears in catalogs, online listings, and promotional materials. The auction itself may be a single day for live events or span several days for online auctions. After the auction closes, payment processing takes several days to a week as buyer funds clear. Finally, seller disbursement follows according to the consignment agreement, typically within one to three weeks of payment receipt.
