Consignment To Auction

How Consignment to Auction Works

Equipment is shipped to SIGMA, where it is inspected, documented, and prepared for resale. Our sales and marketing teams actively promote assets through sigmaequipment.com, email campaigns, and our buyer network. If equipment does not sell through traditional resale channels within the agreed timeframe, it moves into SIGMA’s auction process for additional market exposure.

1. Step 1: Submit Your Equipment Information
   Complete our online form or contact our team directly. Our team will review your equipment and discuss the consignment process and next steps.
2. Step 2: Ship Equipment to SIGMA
   Once consignment is approved and the agreement is signed, the 12 month consignment period begins. Equipment is then shipped to our warehouse. Customers are responsible for rigging and freight expenses and may use their own carrier or work with our logistics team. All shipments are coordinated with our team to ensure proper receiving and handling.
3. Step 3: Preparation and Listing
   After arrival, equipment is inspected, cleaned, photographed, video documented, and entered into inventory.
4. Step 4: Active Marketing and Buyer Engagement
   Our sales and marketing teams promote your equipment through sigmaequipment.com, email campaigns, and our global buyer network to maximize exposure and connect with qualified buyers. Featured equipment may receive additional exposure through targeted marketing initiatives.
5. Step 5: Transition to Auction
   Equipment that does not sell through traditional channels within 12 months moves into our auction process for additional market exposure. Unsold assets are included in quarterly auctions, providing multiple opportunities to connect with buyers. Reserve prices are reduced by 25% each time a unit returns to auction. Between auction events, equipment reenters consignment status at its original listing price and continues to receive exposure through traditional sales channels.
6. Step 6: Sale, Shipping, and Payment
   Once sold, the buyer is responsible for outbound freight. After the equipment leaves our facility, payment is issued approximately three weeks later.