Private treaty sales are negotiated sales whereby Lots are advertised, or potentially interested parties are notified. We act only on behalf of the client; we are required to pass on all offers and will provide recommendations of acceptance or rejection.
These type of sales are mainly used when:
- removal of the goods may be problematic and extra consideration is required during the negotiation of sale;
- insufficient quantity of assets to justify sale by auction or tender;
- the total realisations are too low to consider other types of sale;
- the Lots enjoy a limited demand and may be on the market for long periods of time;
- the vendor has no urgency to sell the assets;
- the vendor will not incur any expense unless a sale completes;
- the vendor has unrealistic expectations for reserve prices.
More specialist items require more targeted techniques in the form of private treaty sales, when private negotiations are conducted with interested parties.