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  1. Pickles 2025
  2. Auction Basics

Auction Basics

Learn the essentials of buying at auction, including how reserve prices are set and the payment process after winning an asset through Pickles.

Types of Assets Sold

  • Vehicles and Salvage Auction Details
  • Specialty Industrial Auctions
  • Overview of Remarketing Categories

Buyer Eligibility

  • Update account information
  • Bidder Verification Process
  • Registration Requirements
  • Who Can Buy at Pickles Auctions?

Pricing Mechanisms

  • Market Value vs. Reserve Price
  • What is a Reserve Price and How is it Set?
  • How Bids Are Placed and Accepted

How Auctions Work

  • Understanding Auction Types
  • Key Auction Terminology
  • The Auction Timeline Explained
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