Frequently asked questions
How can I bid on a lot?
To place a bid, you need to have an account with Troostwijk. You can create one by clicking on 'Create Account' at the top right corner of our website. Once registered and after completing your profile, you can start bidding on your desired items.
What is reserve price?
Reserve price is the lowest price that the client has accepted in advance. At each auction, you can see whether the reserve price has been reached or not. If the reserve price is not reached, you will be contacted by Troostwijk shortly, with the aim of getting the deal through. Keep in mind that all bids on Troostwijk are binding, regardless of whether the reserve price has been reached or not.
How much does it cost to buy at Troostwijk?
There is a fee, the buyer's premium, added to each lot you win. The amount of the fee is shown on each individual lot. You see the buyer's premium for each lot when you are logged in as a customer at Troostwijk. Note that VAT is always added to your bid unless otherwise stated.
What is an auto bid versus a manual bid?
An auto bid is a way for you to automatically participate in a bidding process. You enter an amount you are willing to pay for an item and then automatic bids are placed for you up to your maximum bid - but only if necessary. Your maximum bid is hidden from other bidders during the auction. Placed auto bids are indicated by an "A" after the placed bid in the bid history. You need to update a manual bid every time someone outbids you. Keep in mind that an auto bid in the same level as a later manual bid will always lead the auction - because it was placed first.
Do you have something to sell?
Troostwijk Auctions has been a trusted auction partner for over 90 years, helping businesses maximize the value of their used machines and goods. By auctioning your industrial items, you give them a second life and contribute to a circular economy.
