How does it work

The online auction system is a safe and immediate method that is articulated in a few simple operations and therefore is particularly suitable as a support to insolvency procedures, professionals, companies and individuals in the sale of their assets.

Mercury Auctions, offers itself as a guarantor of selling your asset by providing a secure, neutral, transparent and convenient platform. These values are not only applied to our clients but for all who are waiting to sell their assets or for mediators intending to lean on our services.

FAQ

“Will I have any personal support to rely on?”
Yes. When you display an interest in an auction asset, our professional staff will be at your disposal for any question, doubt or further details you might require.

“Where can I find technical details and auction conditions?”
Technical data sheet and auction conditions are visible in the web page of each single auction.
Inside the technical data sheet (that you can download) you will find all the details of the asset.
You can see the basic information and the documentation to participate in the action by consulting the conditions of participation (downloadable file).

“How can I make an appointment to view the asset I'm interested in?”
In the pre-auction period our operators will be at your disposal to arrange an appointment to view the asset you are interested in. To schedule it you just need to fill out the form on the Auction page, in the section Information Request.

“Can my expert see the asset?”
Yes. You can bring an expert or mechanic at the appointment and we will provide all the information you need on the asset.

HOW TO PARTICIPATE

“How to participate in the auction?”
First you need to create your own account in the section Subscribe.
Once you have created the account, choose the asset you are interested in and click on “Participate at Auction”: once you have submitted the documents indicated in the conditions of participation, you will be allowed to participate in the auction.

“Why do I have to make a cautionary deposit? How long will it be held?”
The security deposit has to be made at the moment you decide to participate in the auction; if the participant does not win the asset, the deposit will be immediately returned within 20 days after the end of the auction.
In the case of winning, the deposit will be retained by Mercury Auctions as a down payment.

HOW IT WORKS

“What is an auction? What kind of auction are we talking about?”
An auction is a public sale in which an asset/property is sold to the highest bidder.
Participants will be able to make their offers only through the portal www.Mercury Auctions.com or through the web portal authorized by the Ministry of Justice dedicated to judicial auctions and indicated by Mercury Auctions.

“What are the key elements I need to know?”
Auction base price: the minimum amount of the first regular bid.
Reserve Price: the amount below which the Owner intends to retain the right to refuse bids.
Relaunch: Improved Offer.
Minimum relaunch: is established and communicated in the auction conditions.

“When does an auction end?”
Each auction provides a term as indicated on the web page.
It should be noted that the auction deadline may be extended for 2 (two) additional minutes if the last bid occurs during the last two minutes before the deadline.

AFTER THE AUCTION ENDS

“Who is responsible for the collection and transportation of the asset?”
Once the auction is over, Mercury Auctions staff will be responsible for managing and monitoring all after-sales operations, remaining available to organize any services of transport and delivery of the asset, managing payments in complete transparency.