National Liquidators and YachtSalvage.com are two national boat liquidators. Both companies offer sealed-bid auctions, detailed inventory listings and other services, such as financing and marine transport.
National Liquidators inventory comes from bank repossessions, foreclosures, government seizures and brokerage boats. The company’s website lists each boat included in the weekly auctions. Listing details include boat location, manufacturer, model, length and suggested bid. Prospective buyers should review the steps for auction participation, including completing a bid offer form. National Liquidators conducts the auctions by selecting the highest offer for a specific boat or yacht. Offers are due each week on Monday at 4 p.m. The seller has the option to accept or reject the highest bid.
YachtSalvage.com’s auctions are “open bid,” meaning that bidders can view the current highest bid. For each boat listing, YachtSalvage.com accepts bids for a specified amount of time. Once that time period elapses, and the auction officially begins, the listing broker contacts each prospective buyer to inform him of the current highest bid. The bidder can raise his bid higher or drop out of the auction. After every bidder has been contacted, the listing broker relays the highest bid to the seller. The seller can accept, reject or issue a counter-offer to the bid.
Both liquidators sell privately-owned boats. YachtSalvage.com has a web sale agreement for boat owners to complete in order to list their boat on the website.