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Most Asked Questions

QuestionAnswerCategory
How do I sell my stuff at auction.
We have several programs for sellers. We can manage the entire process for you or your can prepare your own auction using our tools. Most auctions can be completed in as little as one week. Contact us for a no obligation consultation.
We have several programs for sellers. We can manage the entire process for you or your can prepare your own auction using our tools. Most auctions can be completed in as little as one week. Contact us for a no obligation consultation.testHow to sell, Featuredtest
Software Registration
Go to rasmus.com and find the auction you wish to participate in - click on the orange 'go' button. This brings you to the auction inventory page - look in the upper right hand corner and click on 'create an account' - you will then create your profile for the software - this is a one time registration - after you have created your profile, you can then register for the auction by clicking the 'click here to register for the auction' button.
Go to rasmus.com and find the auction you wish to participate in - click on the orange 'go' button. This brings you to the auction inventory page - look in the upper right hand corner and click on 'create an account' - you will then create your profile for the software - this is a one time registration - after you have created your profile, you can then register for the auction by clicking the 'click here to register for the auction' button.testRegistration, Featuredtest
How Can We Book An Auction
We will interview you regarding the specifics of your project then prepare a schedule and tailored sales solution. We will forward a letter of agreement outlining the details of sale.
We will interview you regarding the specifics of your project then prepare a schedule and tailored sales solution. We will forward a letter of agreement outlining the details of sale.testHow to sell, Featuredtest
How to sell
First time buyer
Registration
Tax and Fees
Payment
Bidding
Pick Up
User Features
QuestionAnswerCategory
How do I sell my stuff at auction.
We have several programs for sellers. We can manage the entire process for you or your can prepare your own auction using our tools. Most auctions can be completed in as little as one week. Contact us for a no obligation consultation.
We have several programs for sellers. We can manage the entire process for you or your can prepare your own auction using our tools. Most auctions can be completed in as little as one week. Contact us for a no obligation consultation.How to sell, Featured
What are your fees and commissions.
Each auction type has a fee structure which is determined by the project value and the amount of work to be done to prepare the inventory and removal. Depending upon wether we prepare it all or you do it yourself selling fees average 10-40%. Contact us, asfter a short conversation, we can give you an estimate at no obligation.
Each auction type has a fee structure which is determined by the project value and the amount of work to be done to prepare the inventory and removal. Depending upon wether we prepare it all or you do it yourself selling fees average 10-40%. Contact us, asfter a short conversation, we can give you an estimate at no obligation.How to sell
Find My Invoice
Paid invoices are sent to the email address on the bidder profile. Please check your spam or junk mail folders if you have not received your invoice, You can always access your invoices/order by going to your account in the upper right hand corner of the auction page and click it on. You will a link in the drop down menu 'view my ordewrs'. Click on orders and you will be able to view and/or print any of your orders from this link.
Paid invoices are sent to the email address on the bidder profile. Please check your spam or junk mail folders if you have not received your invoice, You can always access your invoices/order by going to your account in the upper right hand corner of the auction page and click it on. You will a link in the drop down menu 'view my ordewrs'. Click on orders and you will be able to view and/or print any of your orders from this link.First time buyer
Software Registration
Go to rasmus.com and find the auction you wish to participate in - click on the orange 'go' button. This brings you to the auction inventory page - look in the upper right hand corner and click on 'create an account' - you will then create your profile for the software - this is a one time registration - after you have created your profile, you can then register for the auction by clicking the 'click here to register for the auction' button.
Go to rasmus.com and find the auction you wish to participate in - click on the orange 'go' button. This brings you to the auction inventory page - look in the upper right hand corner and click on 'create an account' - you will then create your profile for the software - this is a one time registration - after you have created your profile, you can then register for the auction by clicking the 'click here to register for the auction' button.Registration, Featured
I don't have a cell phone - how can i register without a cell phone
In order to register for the new software platform, you must have a cell phone that accepts text messages.
In order to register for the new software platform, you must have a cell phone that accepts text messages.Registration
How do I submit my tax exempt certificate
Upload either a pdf or jpg version of The Tax Exempt Certificate - when registering for an auction you will be asked if you are tax exempt - if yes, you can upload the tax exempt document at this time. If you have already registered for the auction, you can click on the blue link that says “tax exempt” on the left hand sidebar of the auction page and upload the document.
Upload either a pdf or jpg version of The Tax Exempt Certificate - when registering for an auction you will be asked if you are tax exempt - if yes, you can upload the tax exempt document at this time. If you have already registered for the auction, you can click on the blue link that says “tax exempt” on the left hand sidebar of the auction page and upload the document.Tax and Fees
Credit Cards Accepted
Visa And MasterCard
Visa And MasterCardPayment
Change or Add a Credit Card
Go to your profile by loggin in and then clicking on your name in the upper right hand corner of the auction page. This will bring up your profile which will have a link to update or add a credit card to your profile.
Go to your profile by loggin in and then clicking on your name in the upper right hand corner of the auction page. This will bring up your profile which will have a link to update or add a credit card to your profile.Payment
Credit Card Not Accepted
Many credit card companies/banks will not approve the $1.00 pre-authorization transaction because they believe this to be a fraudulent attempt. Call your bank or credit card company and ask them to approve the pre-authorization transaction. Once you add your credit card, you will be able to bid. If you receive a message that says there is an AVS mismatch - check to make sure that your credit card address and zip code are correct with the information in your profile. If your credit card has a different mailing address, please check the box on the credit card form that says “billing address is different”.
Many credit card companies/banks will not approve the $1.00 pre-authorization transaction because they believe this to be a fraudulent attempt. Call your bank or credit card company and ask them to approve the pre-authorization transaction. Once you add your credit card, you will be able to bid. If you receive a message that says there is an AVS mismatch - check to make sure that your credit card address and zip code are correct with the information in your profile. If your credit card has a different mailing address, please check the box on the credit card form that says “billing address is different”.Payment, Registration
How Do I Change My Email Address
If you need to change your email address because you typed it in incorrectly, please send an email to support@auction-engine.com with the correct email and a staff member will change the email address for you.
If you need to change your email address because you typed it in incorrectly, please send an email to support@auction-engine.com with the correct email and a staff member will change the email address for you.Registration
How Do I Place A Max Bid
To place a max bid, type the amount you wish to pay for the item in the white bid box above the blue next bid required box. The computer will then bid for you up to and through your max bid.
To place a max bid, type the amount you wish to pay for the item in the white bid box above the blue next bid required box. The computer will then bid for you up to and through your max bid.Bidding
How Will I Be Notified About The Items I Have Won and The Removal For The Items
After the auction has closed and the credit cards charged, a paid invoice will be sent to all winning bidders with removal instructions.
After the auction has closed and the credit cards charged, a paid invoice will be sent to all winning bidders with removal instructions.Payment
What Is The Buyer's Premium
The buyer’s premium is a 15% premium that is paid for each lot that you win. If your items total $100 then the buyer’s fee is $15 and your total cost plus applicable sales tax would be $115. The buyer's premium for each auction is shown in the Terms and Conditions
The buyer’s premium is a 15% premium that is paid for each lot that you win. If your items total $100 then the buyer’s fee is $15 and your total cost plus applicable sales tax would be $115. The buyer's premium for each auction is shown in the Terms and ConditionsBidding
How Can I Delete My Credit Card
Your credit card cannot be deleted from your account if you have participated in an auction and/or bid on an item within the last 30 days. Once the 30 days from your last participation has elapsed you can remove your credit card.
Your credit card cannot be deleted from your account if you have participated in an auction and/or bid on an item within the last 30 days. Once the 30 days from your last participation has elapsed you can remove your credit card.Payment
What If I Cannot Remove My Items At The Removal Time
If you do not pick up your items from the removal, your bidding privileges will be suspended. When you do not remove your items, it creates a problem for the client and for our staff.
If you do not pick up your items from the removal, your bidding privileges will be suspended. When you do not remove your items, it creates a problem for the client and for our staff.Pick Up
Do You Offer Shipping
We do not offer shipping. However, you are more than welcome to contact an outside shipper (UPS, Craters & Freighters, etc.) to retrieve and ship your items. You will need to provide the shipper with a signed copy of your paid invoice, a photocopy of your driver's license, and a photocopy of the credit card used for your purchases (you can black out all digits except the last 4) to present to our team in order for your items to be released.
We do not offer shipping. However, you are more than welcome to contact an outside shipper (UPS, Craters & Freighters, etc.) to retrieve and ship your items. You will need to provide the shipper with a signed copy of your paid invoice, a photocopy of your driver's license, and a photocopy of the credit card used for your purchases (you can black out all digits except the last 4) to present to our team in order for your items to be released.Pick Up
Can I See What I Bid On Or What I'm Winning
You can view what you are winning or what you have bid on by clicking on the blue links “Currently Winning” and “What I bid on” in the upper left side of the auction page. There is also a filter for 'watched items' to use the watched items filter simply click on the eyeball in the description for any specific lot.
You can view what you are winning or what you have bid on by clicking on the blue links “Currently Winning” and “What I bid on” in the upper left side of the auction page. There is also a filter for 'watched items' to use the watched items filter simply click on the eyeball in the description for any specific lot.Bidding
How Can I Search For A Particular Item
You can search for an item by the lot number or description by typing the information in the “Filter” in the upper left hand side of the auction page.
You can search for an item by the lot number or description by typing the information in the “Filter” in the upper left hand side of the auction page.User Features
How Do I Request Information If I Want To Have An Auction
Please call 703 768 9000 and speak with a company representative or send an email to support@auction-engine.com with your contact information, your projected timeframe and a short description of what you would like to auction.
Please call 703 768 9000 and speak with a company representative or send an email to support@auction-engine.com with your contact information, your projected timeframe and a short description of what you would like to auction.How to sell
How Do I Register For An Auction
Go to the auction inventory page and once you have created your bidder profile and are logged into the software, click the yellow ‘click here to register for this auction’ button. Enter and select a credit card, agree to the terms and conditons and state whether you are tax exempt or not.
Go to the auction inventory page and once you have created your bidder profile and are logged into the software, click the yellow ‘click here to register for this auction’ button. Enter and select a credit card, agree to the terms and conditons and state whether you are tax exempt or not.Registration, How to sell
I Did Not Bid On An Item
Rasmus Auctioneers takes fraudulent activity very seriously. If you believe that your bidder profile was used without your authorization, then we would be happy to look into this matter for you. However, because your credit card is linked to your account, you will need to contact your local police department, file a report, and send us a copy first. Without a police report, we are unable to reverse any unauthorized bids
Rasmus Auctioneers takes fraudulent activity very seriously. If you believe that your bidder profile was used without your authorization, then we would be happy to look into this matter for you. However, because your credit card is linked to your account, you will need to contact your local police department, file a report, and send us a copy first. Without a police report, we are unable to reverse any unauthorized bidsBidding
I Cannot Log In - My Email Does Not Work
Did you create an account for the software platform by going to rasmus.com, and clicking 'create an account' in the upper right hand corner. Once you create your account you can click on the 'click here to register for this auction' link and you will be able to enter your credit card and tax exempt certificate from this location. Once you complete your auction registration, you will be able to bid.
Did you create an account for the software platform by going to rasmus.com, and clicking 'create an account' in the upper right hand corner. Once you create your account you can click on the 'click here to register for this auction' link and you will be able to enter your credit card and tax exempt certificate from this location. Once you complete your auction registration, you will be able to bid.Registration
What is a Referral
Perhaps you know of a business that is getting ready to relocate or close, is downsizing, or about to relocate. We have great success in converting referrals into online sales! Our referral fees are based on a percentage of our fee from the Seller and can earn you from several hundreds to tens of thousands of dollars! We are discreet and professional in all of our inquiries.
Perhaps you know of a business that is getting ready to relocate or close, is downsizing, or about to relocate. We have great success in converting referrals into online sales! Our referral fees are based on a percentage of our fee from the Seller and can earn you from several hundreds to tens of thousands of dollars! We are discreet and professional in all of our inquiries.How to sell
What is a Supervised Auction
From the time you decide to liquidate your excess assets until you turn the empty space over, we provide the evaluation, identification, marketing, sales, transaction and site management to assure a turn-key, low impact success. Sellers only need to identify items to be liquidated (or not), then we can independently manage every aspect of the liquidation process.
From the time you decide to liquidate your excess assets until you turn the empty space over, we provide the evaluation, identification, marketing, sales, transaction and site management to assure a turn-key, low impact success. Sellers only need to identify items to be liquidated (or not), then we can independently manage every aspect of the liquidation process.How to sell
What is Self-supervised Auction
Clients with fewer assets often appreciate the flexibility to prepare their own inventories and manage their own inspection and/or removal. We assist in this process by providing an inventory application, which can be used on any Apple product or web browser, as well as barcode labels for all sale items. The self-supervised event benefits from all of the marketing and sales resources of Rasmus.com, while reducing the cost to the client. An added benefit of the self-supervised event is that the seller maintains control of the production, sale, and removal schedule.
Clients with fewer assets often appreciate the flexibility to prepare their own inventories and manage their own inspection and/or removal. We assist in this process by providing an inventory application, which can be used on any Apple product or web browser, as well as barcode labels for all sale items. The self-supervised event benefits from all of the marketing and sales resources of Rasmus.com, while reducing the cost to the client. An added benefit of the self-supervised event is that the seller maintains control of the production, sale, and removal schedule.How to sell
How Can We Book An Auction
We will interview you regarding the specifics of your project then prepare a schedule and tailored sales solution. We will forward a letter of agreement outlining the details of sale.
We will interview you regarding the specifics of your project then prepare a schedule and tailored sales solution. We will forward a letter of agreement outlining the details of sale.How to sell, Featured
What is the Idenfitication
Identification consists of applying a barcode label, preparing a detailed description with dimensions, manufacturer and model number, taking a digital photo and assigning a location code.
Identification consists of applying a barcode label, preparing a detailed description with dimensions, manufacturer and model number, taking a digital photo and assigning a location code.How to sell
Web Posting The Auction
We prepare the event details and inventory for posting to the web. Each event is featured by closing sale date and has unique terms of sale. Most events are posted with 1-3 days of the identification process.
We prepare the event details and inventory for posting to the web. Each event is featured by closing sale date and has unique terms of sale. Most events are posted with 1-3 days of the identification process.How to sell
Inspection And Open House
While not strictly required, most events include a one day presale inspection or open house, staffed either by us or the seller. The inspection is usually conducted one or two days prior to the event closing.
While not strictly required, most events include a one day presale inspection or open house, staffed either by us or the seller. The inspection is usually conducted one or two days prior to the event closing.How to sell
Event Closing
The event will begin closing online starting with the first catalog item and continues 3-10 items per minute until all items have been sold. We utilize a dynamic closing system which automatically extends the closing time on any item which is being actively bid upon. Most events conclude within 2-6 hours.
The event will begin closing online starting with the first catalog item and continues 3-10 items per minute until all items have been sold. We utilize a dynamic closing system which automatically extends the closing time on any item which is being actively bid upon. Most events conclude within 2-6 hours.How to sell
Transaction Processing
At the conclusion of the sale, all bidder transaction are automatically processed for payment and sales receipts are e-mailed to the winning bidders.
At the conclusion of the sale, all bidder transaction are automatically processed for payment and sales receipts are e-mailed to the winning bidders.How to sell
Removal
The removal is supervised by either our staff or the seller. Buyers come prepared to disconnect and remove assets. Most purchasers use professional movers. Removals can be scheduled during the day, evenings and/or weekends. We can coordinate and supervise all aspects of the removal with building management. Most removals require 1 or 2 days, either from 9-5 or 6-11 PM.
The removal is supervised by either our staff or the seller. Buyers come prepared to disconnect and remove assets. Most purchasers use professional movers. Removals can be scheduled during the day, evenings and/or weekends. We can coordinate and supervise all aspects of the removal with building management. Most removals require 1 or 2 days, either from 9-5 or 6-11 PM.How to sell
How do I sell my restaurant at auction
Restaurant equipment is one of the most popular commodities at public auction. Each year hundreds and hundreds of restaurant and hospitality auctions are completed online. Every item sells at auction from decor to major equipment, small wares, food and beverage inventory. Online auctions are uniquely adapted to restaurant liquidations as your assets only need to be available online for a few days to achieve success. You can continue to operate right up until the day before the scheduled pickup. The key to success is credibility and authenticity. Your liquidator must be highly rated with a reputation for honesty, authenticity, credibility, and performance. Auction buyers routinely purchase at auction throughout the year. If buyers trust your liquidator, they will bid with passion. Alternatively, if your liquidator does not have a reputation for trustworthiness and service, buyers will avoid the auction and you will attract only dealers who are seeking the lowest price. You can choose a full-service approach and everything can be completed in just a few day. Some sellers choose a “client supervised” approach where they prepare their own inventory and photos using an app then self-manage the removal. This approach can save the seller money in fees and provide a superfast response. Either way, you can assure you will get both top dollar and a complete solution if you choose the right liquidator. Similar to a surgeon, builder or lawyer, a liquidator provides a professional service, and quality matters. You want your auction to with the liquidator who is the busiest, biggest, most highly rated and trusted. That’s how you get the most buyers,best prices, and most predictable outcome. It’s not about what the liquidator makes, it’s about the success of the outcome. Hire the best, you will never be disappointed.
Restaurant equipment is one of the most popular commodities at public auction. Each year hundreds and hundreds of restaurant and hospitality auctions are completed online. Every item sells at auction from decor to major equipment, small wares, food and beverage inventory. Online auctions are uniquely adapted to restaurant liquidations as your assets only need to be available online for a few days to achieve success. You can continue to operate right up until the day before the scheduled pickup. The key to success is credibility and authenticity. Your liquidator must be highly rated with a reputation for honesty, authenticity, credibility, and performance. Auction buyers routinely purchase at auction throughout the year. If buyers trust your liquidator, they will bid with passion. Alternatively, if your liquidator does not have a reputation for trustworthiness and service, buyers will avoid the auction and you will attract only dealers who are seeking the lowest price. You can choose a full-service approach and everything can be completed in just a few day. Some sellers choose a “client supervised” approach where they prepare their own inventory and photos using an app then self-manage the removal. This approach can save the seller money in fees and provide a superfast response. Either way, you can assure you will get both top dollar and a complete solution if you choose the right liquidator. Similar to a surgeon, builder or lawyer, a liquidator provides a professional service, and quality matters. You want your auction to with the liquidator who is the busiest, biggest, most highly rated and trusted. That’s how you get the most buyers,best prices, and most predictable outcome. It’s not about what the liquidator makes, it’s about the success of the outcome. Hire the best, you will never be disappointed.How to sell
Why should auction my assets with you
Experience, reputation, performance, skills, innovation, marketshare, reliability, authenticity and trustworthiness. Our auctions conduct so many more liquidations than any other liquidator in the Mid-Atlantic region. Check our reviews, check our references, check out the quantity and quality of the liquidations on rasmus.com. We are the runaway leader in the sale of high-end, complex liquidation projects.  Each year we complete over 650 liquidations with 180,000 vetted registered bidders. We have between 45 and 100 auction liquidations online right now. Are you ready to sell your assets with the leader?
Experience, reputation, performance, skills, innovation, marketshare, reliability, authenticity and trustworthiness. Our auctions conduct so many more liquidations than any other liquidator in the Mid-Atlantic region. Check our reviews, check our references, check out the quantity and quality of the liquidations on rasmus.com. We are the runaway leader in the sale of high-end, complex liquidation projects.  Each year we complete over 650 liquidations with 180,000 vetted registered bidders. We have between 45 and 100 auction liquidations online right now. Are you ready to sell your assets with the leader? How to sell
How much time do I need to have a successful auction?
The entire sales process from start to finish averages 3-4 weeks. We routinely complete sales within 1-2 week. The highest return is generated from projects which provide 30 or more days.
The entire sales process from start to finish averages 3-4 weeks. We routinely complete sales within 1-2 week. The highest return is generated from projects which provide 30 or more days.How to sell
Do I need to stop operations
No, because assets are presented and transacted online, the process is extremely low impact. Most clients continue to operate right up until scheduled day for removal.
No, because assets are presented and transacted online, the process is extremely low impact. Most clients continue to operate right up until scheduled day for removal. How to sell
How does the process work?
The entire process is low impact. Essentially we identify post, inspect, sell and supervise removal of your assets. Whether the auction is supervised or self-supervised, the process is the same
The entire process is low impact. Essentially we identify post, inspect, sell and supervise removal of your assets. Whether the auction is supervised or self-supervised, the process is the same How to sell
Whether Rasmus supervised or self-supervised, the process is the same
Step 1. Evaluation - We will interview you regarding the specifics of your project, prepare a schedule and tailored sales solution. Step 2. Engagement - We will forward a letter of agreement outlining the terms of sale. Step 3. Identification - We will provide staff and/or materials necessary to prepare a detailed inventory. The identification process can be completed by either our staff or the seller. Identification consists of applying a barcode label, preparing a detailed description with dimensions, manufacturer and model number, taking a digital photo and assigning a location code. The identification process normally takes between 2-8 hours to complete. Step 4. Web Posting - We prepare the event and inventory for posting to the web. Each event is featured by closing sale date and has unique terms of sale, inspection, closing and removal times. Most events are posted with 1-3 days of the identification process. Step 5. Online Preview & Bidding - Once the event and assets are posted to the web, the inventory is fully searchable for preview and immediate bidding. While the bidding phase can be as short as a few hours, we recommend a preview/bidding period of 3-4 weeks Projects which are prepared well in advance of the closing date can substantially benefit from prolonged exposure, marketing time and extended bidding. Step 6. Marketing - Once an event is posted the marketing plan begins utilizing a combination of direct mail, newspaper, online newsletters, telemarketing, web promotion, online advertising, intense social media and public relations. Step 7. Inspection/Open House - While not strictly required, most events include a one day presale inspection or open house, staffed either by us or the seller. The inspection is usually conducted one or two days prior to the event closing. Step 8. Event Closing - The event will begin closing online starting with the first catalog item and continues 3-10 items per minute until all items have been sold. We utilize a “dynamic” closing system which automatically extends the closing time on any item which is being actively bid upon. Most events conclude within 2-6 hours. Step 9. Transaction Processing - At the conclusion of the sale, all bidder transaction are automatically processed for payment and delivery of e-mail delivery of sales receipts. Step 10. Removal - The removal is supervised by either our staff or the seller. Buyers come prepared to disconnect and remove assets. Most purchasers use professional movers. Removals can be scheduled during the day, evenings and/or weekends. We can coordinate and supervise all aspects of the removal with building management. Most removals require 1 or 2 days, either from 9-5 or 6-11 PM. Step 11. Reconciliation - With the conclusion of the removal we prepare a detailed reconciliation with complete inventory, bidding history, revenue, costs of sale and proceeds disbursement. Step 12. Landing - After delivery of the reconciliation report and sale proceeds, we will conduct a concluding interview.
Step 1. Evaluation - We will interview you regarding the specifics of your project, prepare a schedule and tailored sales solution. Step 2. Engagement - We will forward a letter of agreement outlining the terms of sale. Step 3. Identification - We will provide staff and/or materials necessary to prepare a detailed inventory. The identification process can be completed by either our staff or the seller. Identification consists of applying a barcode label, preparing a detailed description with dimensions, manufacturer and model number, taking a digital photo and assigning a location code. The identification process normally takes between 2-8 hours to complete. Step 4. Web Posting - We prepare the event and inventory for posting to the web. Each event is featured by closing sale date and has unique terms of sale, inspection, closing and removal times. Most events are posted with 1-3 days of the identification process. Step 5. Online Preview & Bidding - Once the event and assets are posted to the web, the inventory is fully searchable for preview and immediate bidding. While the bidding phase can be as short as a few hours, we recommend a preview/bidding period of 3-4 weeks Projects which are prepared well in advance of the closing date can substantially benefit from prolonged exposure, marketing time and extended bidding. Step 6. Marketing - Once an event is posted the marketing plan begins utilizing a combination of direct mail, newspaper, online newsletters, telemarketing, web promotion, online advertising, intense social media and public relations. Step 7. Inspection/Open House - While not strictly required, most events include a one day presale inspection or open house, staffed either by us or the seller. The inspection is usually conducted one or two days prior to the event closing. Step 8. Event Closing - The event will begin closing online starting with the first catalog item and continues 3-10 items per minute until all items have been sold. We utilize a “dynamic” closing system which automatically extends the closing time on any item which is being actively bid upon. Most events conclude within 2-6 hours. Step 9. Transaction Processing - At the conclusion of the sale, all bidder transaction are automatically processed for payment and delivery of e-mail delivery of sales receipts. Step 10. Removal - The removal is supervised by either our staff or the seller. Buyers come prepared to disconnect and remove assets. Most purchasers use professional movers. Removals can be scheduled during the day, evenings and/or weekends. We can coordinate and supervise all aspects of the removal with building management. Most removals require 1 or 2 days, either from 9-5 or 6-11 PM. Step 11. Reconciliation - With the conclusion of the removal we prepare a detailed reconciliation with complete inventory, bidding history, revenue, costs of sale and proceeds disbursement. Step 12. Landing - After delivery of the reconciliation report and sale proceeds, we will conduct a concluding interview. How to sell
How do we keep track of assets?
We live ln a world of inventory. Every item sold receives a unique inventory number, bar code label, complete description, location code and digital photograph. All information is posted online and can be viewed 24/7. Inventory items are added, edited, removed, sold, delivered and reconciled based upon the inventory control number and detailed item description.
We live ln a world of inventory. Every item sold receives a unique inventory number, bar code label, complete description, location code and digital photograph. All information is posted online and can be viewed 24/7. Inventory items are added, edited, removed, sold, delivered and reconciled based upon the inventory control number and detailed item description. How to sell
How will I know what an item sold for
Buyers and sellers watch the entire sales process unfold online. In addition to the photo catalog, the sales inventory shows the current number of bids on each item, the bid history, the current bidder , current bid and next required bid in real time. At the conclusion of the sale, the sales results are left online for a period of 6-12 months.
Buyers and sellers watch the entire sales process unfold online. In addition to the photo catalog, the sales inventory shows the current number of bids on each item, the bid history, the current bidder , current bid and next required bid in real time. At the conclusion of the sale, the sales results are left online for a period of 6-12 months. How to sell
What type of reconciliation will I receive
The final reconciliation report is forwarded by email and includes an auction summary of activities, a detailed inventory report with control number, full description, bidder number, quantity and cost, plus a full accounting of the revenue, cost of sale and net proceeds.
The final reconciliation report is forwarded by email and includes an auction summary of activities, a detailed inventory report with control number, full description, bidder number, quantity and cost, plus a full accounting of the revenue, cost of sale and net proceeds. How to sell
How long does it take to get paid?
At the completion of the removal process, the final reconciliation and distribution of proceeds is generally completed within 15 business days.
At the completion of the removal process, the final reconciliation and distribution of proceeds is generally completed within 15 business days.How to sell
How does Rasmus hold and deliver my proceeds?
We hold all proceeds in an escrow account. Final disbursement is made either by FedEx company check or direct bank to bank wire transfer.
We hold all proceeds in an escrow account. Final disbursement is made either by FedEx company check or direct bank to bank wire transfer.How to sell
How do I use the client self checkout tool?
We have a video for this, contact our office at 703-768-9000 for the video.
We have a video for this, contact our office at 703-768-9000 for the video.How to sell
How Do bid on or buy an item.
To bid on an auction items you need to sign up for a buyer account.

Click the "Create" button to create a buyer account

To bid on an auction items you need to sign up for a buyer account.

Click the "Create" button to create a buyer account

First time buyer
Who owns Rasmus Auctions
Chris and Sue met in 7th grade and started a family. Rasmus Auctions is owned by Chris and Sue and their two youngests sons, Patrick and Erik Rasmus.
Chris and Sue met in 7th grade and started a family. Rasmus Auctions is owned by Chris and Sue and their two youngests sons, Patrick and Erik Rasmus.Did you know
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