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Glossary

Glossary

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Glossary

Medical equipment auction terminology

Navigate the medical equipment auction landscape by understanding key terms used throughout the Centurion Service Group: A TRIMEDX Company auction process:

As is, where is – The item is sold in its present condition with no return privileges.

Buyer Number / Bidder Number – The identification number provided to a buyer upon auction registration completion.

Buyer’s premium – A fee that Centurion Service Group charges for conducting an auction.

Group – Multiple lots are being sold for one price. The winning bidder will receive all items within the grouped lots.

Lot – Item(s) being auctioned. An auctioneer can announce one lot number or multiple lot numbers.

Option – In a live simulcast auction, the winning bidder has the option of choosing how many of the items being sold they want. The items MUST be selected in numeric order.

Pass – If an item is up for auction and there are no bids, or the bidding does not start at a number deemed acceptable by the auctioneer, the item will be passed.

Proxy bid / absentee bid – Allows a bidder to place a bid without being present for the live auction. A bidder will submit the maximum price they are willing to pay for an item and allows Centurion Service Group: A TRIMEDX Company to bid on his/her behalf, up to the maximum bid amount. Centurion Service Group does not start bids at the maximum bid price.

So much a piece times the money – In a live simulcast auction, the auctioneer is asking the winning bidder to choose how many of the like items they want to be multiplied by the winning bid amount.

White glove service - White glove service can include uncrating, unpackaging, and setup upon delivery depending on the company.

Featured Arlington, TX Fixed Asset South Florida Chicago, IL Elk Grove, IL Phoenix, AZ Closures Additional Closure

Timed Auction

South florida medical and hospital equipment timed warehouse auction

View Pompano Beach, FL Details

Opens: 04/19/2024, 8:00 a.m. ET
Lots start closing: 04/23/2024, 10:00 a.m. ET

Bid Now View Items

Timed Auction

Closure of Saint Margaret’s Hospital Spring Valley, IL (Medical)

View Closure Auctions Details

Opens: 04/18/2024, 8:00 a.m. CT
Lots start closing: 04/24/2024, 9:00 a.m. CT

Bid Now View Items

Timed Auction

Closure of Saint Margaret’s Hospital Spring Valley, IL (Non-Medical)

View Additional Closure Details

Opens: 04/22/2024, 8:00 a.m. CT
Lots start closing: 05/02/2024, 10:00 a.m. CT

Register Now

Timed Auction

Chicago medical and hospital equipment timed warehouse auction

View Franklin Park, IL Details

Opens: 05/03/2024, 8:00 a.m. CT
Lots start closing: 05/07/2024, 9:00 a.m. CT

Register Now

Timed Auction

Elk grove village medical and hospital equipment timed warehouse auction

View Elk Grove Village, IL Details

Opens: 05/06/2024, 8:00 a.m. CT
Lots start closing: 05/09/2024, 9:00 a.m. CT

Register Now

Timed Auction

Phoenix medical and hospital equipment timed warehouse auction

View Phoenix, AZ Details

Opens: 05/10/2024, 8:00 a.m. MT
Lots start closing: 05/14/2024, 9:00 a.m. MT

Register Now

Timed Auction

Arlington medical and hospital equipment timed warehouse auction

View Arlington, TX Details

Opens: 05/13/2024, 8:00 a.m. CT
Lots start closing: 05/16/2024, 9:00 a.m. CT

Register Now

Timed Auction

Fixed asset medical and hospital equipment timed warehouse auction

View Fixed Asset Details

Opens: 05/14/2024, 8:00 a.m. CT
Lots start closing: 05/17/2024, 11:00 a.m. CT

Register Now

Timed Auction

South florida medical and hospital equipment timed warehouse auction

View Pompano Beach, FL Details

Opens: 05/16/2024, 8:00 a.m. ET
Lots start closing: 05/21/2024, 10:00 a.m. ET

Register Now

Timed Auction

Chicago medical and hospital equipment timed warehouse auction

View Franklin Park, IL Details

Opens: 06/03/2024, 8:00 a.m. CT
Lots start closing: 06/04/2024, 9:00 a.m. CT

Register Now

Timed Auction

Elk grove village medical and hospital equipment timed warehouse auction

View Elk Grove Village, IL Details

Opens: 06/04/2024, 8:00 a.m. CT
Lots start closing: 06/06/2024, 9:00 a.m. CT

Register Now

Timed Auction

Phoenix medical and hospital equipment timed warehouse auction

View Phoenix, AZ Details

Opens: 06/07/2024, 8:00 a.m. MT
Lots start closing: 06/11/2024, 9:00 a.m. MT

Register Now

Timed Auction

Arlington medical and hospital equipment timed warehouse auction

View Arlington, TX Details

Opens: 06/11/2024, 8:00 a.m. CT
Lots start closing: 06/13/2024, 9:00 a.m. CT

Register Now

Timed Auction

Fixed asset medical and hospital equipment timed warehouse auction

View Fixed Asset Details

Opens: 06/10/2024, 8:00 a.m. CT
Lots start closing: 06/14/2024, 11:00 a.m. CT

Register Now

Timed Auction

South florida medical and hospital equipment timed warehouse auction

View Pompano Beach, FL Details

Opens: 06/14/2024, 8:00 a.m. ET
Lots start closing: 06/18/2024, 10:00 a.m. ET

Register Now