From our homepage, click on Used Inventory to view our entire used industrial equipment catalog, alphabetically by either machine type or manufacturer. Additionally, at the top of every page on the website, there is a search box that allows you to search the entirety of our inventory and auctions. If you are specifically looking for pharmaceutical, biotechnology and laboratory assets, please see our Used Pharmaceutical & Laboratory Equipment page.

Pricing is available to all of our customers via the Request a Quote form, which exists on each available item’s details page.

Once a quote request is submitted on our website, you will receive the quote to your email within 15 minutes.

Most of the equipment we have available for sale is located at our 86,000 Sq. Ft. showroom in Elk Grove Village, IL, which is located adjacent to Chicago O’Hare International Airport.

Yes, most items in our showroom can be inspected under power. For assets located at manufacturing plants, machines can be shown under power on a case by case basis.

If you have surplus or idle equipment you’d like to sell, please fill out the form located on our Sell Used Machinery webpage. Perfection Global can assist in selling a single machine or an entire facility. Additionally, Perfection Global can make you a cash offer on a wide range of used machinery and equipment.

Some helpful details to provide to us would be the equipment’s Make, Model, Age, Pertinent Specs & Options and Condition. If you have already taken photos of the equipment, please send a few to sales@perfectionglobal.com.

No problem! Perfection Global are used equipment experts… we buy and sell tens of thousands of assets each year and can quickly provide an estimate of what your equipment is worth based on current market conditions.

Visit our About Us page for our history and other industrial asset services we provide.

Click on the “Register for this Auction” link, found on either the Auctions listings page or on the Sale Details page for each specific auction. Most Perfection Industrial Sales auctions are held on Bidspotter.com, and you will be able to use your same Bidspotter credentials for all of our auction sales. If you do not yet have a Bidspotter account, it is free to sign up and takes no more than a minute or two.

While on the Bidspotter.com sign-in page, select ‘Forgot password’ and enter your email address. Instructions to reclaim your Bidspotter account will be emailed to you. If you need further assistance, please contact Bidspotter customer service.

No, the account is free. You will only pay for the items you purchase per the terms and conditions of the auction; however, a deposit may be required before you are approved to place bids, per the Terms and Conditions of sale. If a deposit is required, it will be mentioned on the specific auction’s Sale Details page on our website, and you will receive an email from our team shortly after your auction registration.

You can register for an auction as soon as the sale is posted and goes live on the site. We recommend registering a minimum of 24 hours prior to the start of the auction.

From the Auction Listings page click ‘View Details’ for this sale you are interested in. A Terms & Conditions document specific to each sale will be attached in the ‘Documents’ portion of the webpage, and these Terms will also be found on Bidspotter.com. The Terms & Conditions must be accepted prior to registering for an auction sale.

No – Terms & Conditions, sale details and an auction lot catalog can all be viewed prior to registration.

Auctions that have a sale / lot catalog available will have a link called ‘View Lot Listing.’ Please note that lot catalogs are subject to change.

Yes, sale preview days are generally held one day prior to the scheduled auction date, by appointment. Each sale details page includes an ‘Inspection’ section with information unique to that auction.

Video call inspections can be accommodated with advance notice. Please contact our office as early as possible for requests like these.

A buyer’s premium is a fee (usually 18%) that is added to the winning bid for each item. A buyer’s premium will be added to each successful on-site and online bid. Check the View Details page to find the buyer’s premium for any auction event.

See Terms of Sale – “Taxes”

Full payment must be made within 48 hours following the sale. Acceptable forms of payment are cashier’s check, company check (with bank letter of guarantee) or wire transfer within 48 hours of the sale close. For any Buyers failing to pay within the 48- hours stated payment period, the Buyer’s Premium will be increased to 20%. All invoices paid with a credit card ($2,000 max allowed) are subject to a 20% Buyer’s Premium. This information will be specified within the Sale Details page and Terms & Conditions for each auction sale.

Each auction sale has specific removal details and deadlines, which will be listed on the Sale Details page and will be included with the invoice sent to all Buyers after the auction is complete.

On the View Details page of the auction of interest you can find Rigging and Trucking companies listed that can be contacted to assist you in the removal process. There will also be information regarding removal along with facility contacts listed on your “Paid in Full” invoice. Please review the View Details page for any special instructions or removal requirements.

All Asset-Based Lenders would require an appraisal for any type of loan, financing, or operating line of credit.

Certainly! A certified appraisal of your machinery & equipment could be very useful and used for:

• Insurance Loss
• Settlements
• Buy/Sell Agreements
• Estate Planning
• Mergers/Acquisitions
• Tax Purposes
• Divorce Settlements
• Business Liquidation

Yes, the most common types are:

• Fair Market Value (FMV)
• Orderly Liquidation Value (OLV)
• Forced Liquidation Value (FLV)

Most Asset-Based Lenders will require a Forced (FLV) and Orderly (OLV) Liquidation Valuation.

As defined by the Association of Machinery & Equipment Appraisers:

Orderly Liquidation Value

A professional opinion of the estimated most probable price expressed in terms of currency which the subject equipment could typically realize at a privately negotiated sale, properly advertised and professionally managed, by a seller obligated to sell over an extended period of time, usually within six to twelve months, as of the effective date of the appraisal report. Further the ability of the asset group to draw sufficient prospective buyers to insure competitive offers is considered. All assets are to be sold on a piecemeal basis ‘as is’ with the purchasers responsible for the removal of assets at their own risk and expense. Any deletions or additions to the assets appraised could change the psychological and/or monetary appeal necessary to gain the price indicated.

Forced Liquidation Value (Auction)

A professional opinion of the estimated most probable price expressed in terms of currency which could typically be realized at a properly advertised and conducted public auction sale, held under forced sale conditions and under present day economic trends, as of the effective date of the appraisal report. Conclusions taken into consideration are physical location, difficulty of removal, physical condition, adaptability, specialization, marketability, overall appearance and psychological appeal. Further, the ability of the asset group to draw sufficient prospective buyers to insure competitive offers is considered. All assets are to be sold on a piecemeal basis ‘as is’ with the purchasers responsible for the removal of assets at their own risk and expense. Any deletions or additions to the total assets appraised could change the psychological and/or monetary appeal necessary to gain the price indicated.

As defined by the Association of Machinery & Equipment Appraisers:

Fair Market Value

A professional opinion of the estimated most probable price expressed in terms of currency to be realized for property in an exchange between a willing buyer and a willing seller, with equity to both, neither being under any compulsion to buy or sell, and both parties fully aware of all relevant facts as of the effective date of the appraisal report.

Yes, those terms are synonymous and interchangeable.

Yes, the Perfection team of industry experts have over 100 years of combined experience and can conduct comprehensive industrial appraisals on a wide range of machinery & equipment assets, including, but not limited to:

• CNC Machine Tools
• Automotive Production & Stamping
• Metal Fabrication Equipment
• Plastics Processing
• Oil, Gas & Refinery
• Aerospace
• Defense
• Appliance
• Yellow Iron & Heavy Construction Equipment
• Fleet Stock
• Electronic
• Wire & Cable
• Green Energy
• Cannabinoid Production Equipment

Each project is quoted separately and depends on the scope of the project, facility size, number of assets and locations. Please complete our Appraisals form and we would be happy to provide a rough estimate after a short, but thorough conversation.

Most lending institutions and industry professionals require an appraisal that was performed and issued within the established ethical guidelines of various accredited appraisal associations and foundations, compliant to their standards by using best practices in forming opinions of value.

Yes, our appraisers are USPAP (Uniform Standards of Professional Appraisal Practice) Certified and qualified incorporating the standards of The Appraisal Foundation and members of the Association of Machinery & Equipment Appraisers (AMEA) and the American Society of Appraisers (ASA).

All values are expressed as an opinion of value by the appraiser and based on his or her research and due diligence. Our appraisers’ ability to determine machinery & equipment asset values is grounded in Perfection’s long history of buying and selling industrial assets on a daily basis over the past sixty years. In addition to Perfection’s used equipment retail platform and rich historical database, Perfection Industrial Sales conducts over 75 auctions and liquidations a year, providing current, real-time FLV and OLV valuations, market trends and market data context.