Our Auction Blog

restaurant tables

Restaurant auctions are fun to attend, especially if you are a fellow restaurant owner. Being able to purchase large restaurant equipment for a competitive price is a great opportunity to expand your already existing restaurant.

You don’t have to own a restaurant to score big at a restaurant auction. Restaurant auctions are the perfect opportunity for anyone who loves to cook to expand their kitchen and dinnerware collections with high-quality, restaurant-grade items, at a great price.

At Dakil, we host restaurant auctions often. We have made a list of our most commonly (and best valued) auctioned items from restaurants, and how they can benefit you.

High-End Equipment

More of a benefit to restaurant and business owners, the high-end equipment auctioned at a restaurant auction can help you either start or expand your business for a lower price. Many of the pieces of high-end restaurant equipment typically auctioned off include:

  • Gas and electric ranges
  • Ovens
  • Walk-in coolers and freezers

Tables and Chairs

Useful for both restaurant owners and non-restaurant owners, large collections of tables and chairs are typically part of a restaurant auction. These tables and chairs can be used to fill your restaurant if bought in bulk, or they can be bought individually to fill a dining or party room in a home.

Racks and Shelves

Restaurants use multiple racks and shelves to store dishes, ingredients, and more. Taking advantage of a restaurant auction can keep a local restaurant or home more organized by adding more storage space.

wine glasses

Kitchen Utensils and Dishes

The most useful for everyone, both restaurant owners and non-restaurant owners, are the copious amounts of kitchen utensils and dishware auctioned at restaurant auctions. These items are extremely useful to any growing kitchen, including:

  • Heavy duty pots and pans
  • Cutlery
  • Plates and bowls
  • Cups and glasses

This is a great opportunity for someone with a new kitchen that needs stocking, someone who wants to re-style their kitchen, or a restaurant that needs more utensils. Restaurant utensils are typically very durable and of high quality, so this provides the opportunity to receive the best deal on bulk items.

Decorations

Lastly, restaurant auctions also auction off any decor that the restaurant needs to liquidate. Whether it is paintings or signage, these decorations could be beautiful in a home or in another restaurant.

Restaurant auctions are a fun way to restock your kitchen and decorate your space. For more information on restaurant auctions, view our restaurant auctions page. To see when our next restaurant auction takes place, view our upcoming auctions.

business calculator and paperwork

Whether you are moving or closing your business, liquidating your items can seem daunting and stressful, especially if you are a niche business.  Instead of finding a way to get rid of these items yourself and risking the possibility of losing money in the process, Dakil can auction your business liquidation items to an audience that is truly interested, using a variety of methods.

We Know Who Will Be Interested in Your Items

Because of our fine-tuned marketing process, we either already know potential buyers for your products, or we know how to reach them and advertise your auction to them. Our proprietary listing of buyers is segmented by industry, and we promote our liquidation auctions heavily in digital media such as Facebook and Facebook groups, e-mail, and more.

Not only do we promote your auction to those in the state of Oklahoma, but we also promote to the surrounding region and to people all over the country who have attended our auctions in the past.

We Know How to Sell Niche Items

No item is too niche for Dakil to find an audience. From shooting range liquidations to auctioning a trampoline park, we are able to find the right buyers for your assets so you can receive your hard-earned money back on these items.

Auction Gavel

Business Liquidation Auctions Earn More Money Back

When you invest a substantial amount of money into your business, , it’s a priority to make as much of that money back as possible when it comes time to liquidate. Barry Bryant, who liquidated his business with Dakil, found that auctioning his liquidation items showed a high ROI.

“I probably got 70 cents on the dollar for every piece of inventory that I auctioned with Dakil,” Bryant said.

Dakil Makes the Liquidation Process Seamless for You

The liquidation process can be grueling at times. We know the amount of work and stress involved with liquidation, and we strive to make the process seamless for our sellers.

“I didn’t have to do anything,” Bryant said. “[Dakil] did all the work.”

If you need to liquidate your business inventory, consider auctioning your items with us. For more information, visit our Business Liquidations page or view our Upcoming Auctions.

black car

Privately selling your car is a lot of work – after you find out how much your car is worth, you have to decide how much you want to sell it for, find an interested buyer, work with their bank, and transfer the title. While privately selling a vehicle can sometimes make it seem like the seller is in more control, they still might not get the most money for the sale and have to spend hours making sure the transfer and sale runs smoothly.

For a smooth, quick way to sell your vehicle and still get your money’s worth, taking it to auction could be your best option. The auction process is fast, yet thorough, and can still give you the value that you expect when selling a vehicle. How? At Dakil, it’s because we have a streamlined process that sets your car auction up for success.

We Do the Marketing Work

At Dakil, we market all of our auctions to the most qualified and interested people in the country. We do this using a thorough, fine-tuned marketing plan using leads and connections we have cultivated for years.

Our blog, “How Dakil Markets Your Auction Products to Potential Buyers,” explains how we use print, digital, and direct marketing to get your auto auction noticed.

We Handle the Paperwork So You Don’t Have To

The most time-consuming and frustrating part of selling a car is dealing with the paperwork and transfers after you’ve found someone willing to buy. Waiting in line at the tag agency can take ages, as well as waiting for the bank to approve an auto loan. Sometimes, handling the paperwork can take longer than finding a buyer and selling the car itself.

When you auction your car, the auction house takes care of handling this paperwork for you, so you can get paid without any additional hassle. This way, after the auction is over, you don’t have to complete any more tasks to finalize your sale.

car keys after sale

We Bring in the Most Qualified Bidders

Due to our years of auto auction experience and our fine-tuned marketing process, we can ensure that the most qualified bidders know about and attend your auction. We can ensure that your vehicle is bought not only by the highest bidder, but also by a bidder who is seeking out your specific car.

Selling your car at auction can be a faster, more painless process than selling privately. If you’ve never sold a car at auction before, our blog “Selling Your Car for the First Time at Auction” can provide step-by-step instructions on prepping your car for the auction, and let you know what to expect.

Interested in auctioning your vehicle? Contact us, and we’ll walk you through it.

Real Estate Auction

Whether due to foreclosure or simply needing to sell property, real estate auctions are a common and streamlined way to buy or sell land. At Dakil, our real estate auctions are open to the public, but we encourage thorough research before placing a bid. While the prices of real estate sold at auction can often be lower (especially in foreclosure), placing a bid should be taken just as seriously as if you were searching for a home the traditional way.

Do Your Research

Purchasing real estate is a large, long-term commitment, so it’s important to thoroughly research the property you are interested in. Knowing approximately how much the property is worth, the potential resale value, what repairs would need to be done, and comparative prices in the area can help you as the bidder in knowing when to bid or when to back away.

Inspect the Property

Never place a bid at a real estate auction without first having inspected the property you are bidding on. If you acquire property through an auction, you receive it as is, so it’s key to make sure you have inspected it and are sure it is the right fit for you.

At Dakil, we offer property showings by open house, as well as detailed information about the property being auctioned–before the auction begins. This way, we can ensure our bidders know what they are bidding for by the time the auction starts.

Large real estate

Prepare Financially to Win

If you’re the winning bid at a real estate auction, the overall price of the property can be financed. However, a down payment of five perfect of the contract price is required upon winning the real estate auction at Dakil–if the successful bidder is not prepared, they could lose the sale.

Having a pre-approved loan for the real estate before going into auction can help ensure a smoother sale.

Wait for Your Title Certificate

If you are the successful bidder, you will receive a certificate of sale following the auction. However, this is not to be confused with the certificate of title. This can take up to 10 days to complete. It is important to not do any work on the property if the certificate of title has not yet been received, in case something happens with the sale or the owner files an objection to the sale.

Dakil Auctioneers is the leading Oklahoma land auction firm. View our Oklahoma Real Estate page to learn more about how we perform our real estate auctions, and take a look at our Real Estate for Sale Listings and Upcoming Auctions to learn more about future real estate auctions.

construction equipment

When you’re auctioning large equipment such as construction equipment or trucks, making a profitable return on the sale is of great importance. Finding trusted professionals who know the value of your products is key, but also a challenge. Fortunately, at Dakil Auctioneers, we host large equipment auctions frequently and strive to help the seller receive max value at the auction. We’re here to help, so we’re sharing our best large equipment auction tips with you.

Do Your Research, Know the Value

Researching the sales trends prior to auction for both older and newer equipment is integral to ensuring you receive max value in a large equipment auction. It’s always helpful to have a reasonable value in mind for whatever you’re selling and buying. While professionals will help you with this, coming in right away with price points in mind can drive the conversation as to what the best starting price should be.

Talk to a Professional

While doing your own research is important, don’t ignore the importance of talking to an auction professional. Auction professionals have solid experience with large equipment auctions, and they know what products are worth and what they are most likely to sell for. Auction professionals will use their expertise to ensure that you get the highest return on investment for your product.

truck equipment

Transparency is Key

Take as many photos of your equipment as possible. This will not only show the buyer what your product is worth, but it will also show them the exact condition it is in. Earning buyers’ trust helps them to be more willing to pay what your product is actually worth.

Market Your Products Wisely

Making sure the right buyers for your product are present at your auction increases the likelihood you will receive the best possible return on investment. Don’t underestimate the power of marketing to online groups, putting ads in relevant sections of the newspaper or local trade magazines, or simply connecting with organizations that would value your products. Fortunately, Dakil can do this for you.

There are many different things buyers of heavy equipment could be looking for at an auction, but if you come prepared, transparent, and knowing the worth of your products, your chances of a higher return drastically increase.

For more information on how to prep your items for an auction, refer to our blog “Prepping Your Items to Get Max Value at Auction.”

auction gavel

Participating in an auction can be beneficial for you or your business, but the preparation can be daunting. When can you know if it’s the right time to take your items to auction? How do you prep your items for auction? What types of auctions should you attend beforehand?

These are just a few of the questions to consider when selling your items at auction. We’ve compiled some of our favorite blog posts to provide you with our best tips and tricks to help you decide when to put items up for auction, preparing your items, and more.

Prepping Your Items to Get Max Value at Auction

Once you decide to put your items up for auction, consider how you should prep them beforehand. Thorough preparation can increase items’ value and level of interest, so taking the extra time to do so is worth it.

This article highlights how to prep items in every category – automobiles, heavy equipment, business and restaurant, real estate, and estate sales.

The Cost of Buying New Equipment vs. Used

If you’re trying to decide which items you think you should purchase at an auction or what types of items you want to put up for auction, this guide outlines which items hold their value the most if bought used, the likelihood of using a loan to purchase, how easily the price can be negotiated, and more.

Business Liquidation Auctions in Oklahoma: What You Need to Know

Are you looking to liquidate your business or to buy items from a business liquidation? There are many things to prepare for when selling in or attending one of these auctions, including using the U.S. Small Business Administration’s checklist and brushing up on the true value of the items being sold.

Dakil’s team of experts can create an individualized marketing plan for liquidation auctions, and this article explains how.

auction money

The Real Cost of Holding on to Used Equipment

At what point does holding on to used equipment actually cost you money? This infographic outlines the service life of commercial and residential items and helps indicate the point at which your items should be sold to avoid a loss.

What You Need to Know at Your First Auction

Participating in an auction for the first time can bring a lot of confusion. Knowing which auction employees do which tasks, what they are called, and proper auction etiquette can seem overwhelming, but we have shared some of our best tips for getting through your first auction without confusion.

How Dakil Markets Your Auction Products to Potential Buyers

If you choose to partner with Dakil for your business auction, it’s good to know some of our most common marketing practices. Dakil’s one-of-a-kind process ensures your items are seen by the widest group of buyers, including long-time Dakil auction attendees.

For more information on how to navigate putting your items up for auction for the first time, view our Auction 101 and Business Tips segments on our blog.

Hands united together

At Dakil, we take pride in the growth of Oklahoma City and its surrounding community. One of our favorite ways to show our support for our community and our local non-profits is to give back by hosting benefit auctions.

Auctioneer Barrett Bray explains why Giving back to the community is extremely important at Dakil Auctioneers.

“We have seen the growth of Oklahoma City since we opened in 1983,” Bray said. “We have seen the growth and the changes that have happened over the last 35 years, and no matter how much we grow as a community, the value remains the same. We want to hold Oklahoman values no matter how much we grow.”

The following is a small list of the many community organizations that we partner with to host benefit auctions and other outreach events.

Who We’ve Hosted Benefit Auctions With

Jim Thorpe Rehab Center

The INTEGRIS Jim Thorpe Rehabilitation Center provides inpatient and outpatient care for those who have been affected by a stroke, brain injury or tumor, spinal cord injury, and more.

Oklahoma Chapter of the Fellowship of Christian Athletes

The Fellowship of Christian Athletes is a Christian sports ministry whose mission is to challenge athletes and coaches to live Christian values and to see the world impacted for Christianity by influencing others through athletics.

Oklahoma City Dream Center

The Oklahoma City Dream Center works in partnership with the Inner City Church to connect those who suffer from substance abuse, and those in poverty, homelessness, imprisonment, or gangs to help them meet their needs. The program’s goal is to help these individuals make positive, long-term changes in their lives.

Oklahoma Christian University Athletics

Located in Edmond, Oklahoma, Oklahoma Christian University has been named by the U.S. News & World Report as one of the best universities in the west. Their NCAA athletics program offers a wide selection of both men’s and women’s sports.

Edmond Santa Fe and Edmond North High Schools

Dakil Auctioneers is a proud participant in Edmond Santa Fe’s Double Wolf Dare Week and Edmond North’s Balto Week, fundraising weeks hosted by the schools for the benefit of different charitable organizations. These organizations have included Fields and Futures, Special Care, Inc., Infant Crisis Services, and Autism Oklahoma.

At Dakil, fostering and supporting our community is one of our central values. For more information on how Dakil partners with community organizations, contact us today.

Auction Gavel on Dollar Bill

The auction process is fast-paced and can seem overwhelming to someone who has never attended one before. At Dakil, we strive to ensure all of our customers, first-time and returning, feel comfortable in the auction process.

The two major points of confusion and potential intimidation for auction first-timers are the roles of the employees during an auction and how the bidding takes place. Dakil Auctioneer Barrett Bray breaks down both in order to make understanding the auction process as simple as possible for a newcomer.

The Roles of Auction Employees

“There are two main types of auction employees that assist with the bidding,” Bray said. “The Auctioneer and the bid spotters.”

The role of the auctioneer is to lead the auction. They talk in a fast-paced manner, informing the buyers who are currently in the lead, and encouraging them to bid more.

“A lot of people worry they won’t understand the auctioneer because they are speaking so fast. We make sure that our auctioneers speak as clearly as possible, so that everyone understands,” Bray said.

The auctioneer isn’t the only one taking bids and scanning the audience, however. He also has multiple bid spotters, also known as ringmen, helping him keep track of who is bidding and how much.

“The bid spotters communicate information to the bidders, answer bidder questions, and alert the auctioneer of new bids in their section,” Bray said. “If you ever need any sort of clarification or have a question in the middle of an auction, a bid spotter can help you.”

auction money

The Bidding Process

The auctioneer and the bid spotters try to make bidding go as smoothly as possible for the bidder. However, in a busy auction, it’s still easy to get confused on how to bid and for how much.

“The auctioneer tries to get the best available price for the items, and get it as quickly as possible,” Bray said. “Bidders should be aware to be polite. It’s not a garage sale, so they are expected to bid quality prices.”

The auctioneer bids the prices in $25 increments. For example, if the current bid was $100, the auctioneer would push for a $125 bid. The least an auctioneer will take is half of the increment they are asking for.

It is a common misconception that any movement as much as a cough or a stretch can count as a bid. This is not true – only legitimate bids are accepted via an obvious flash of the bid card.

“We will only take legitimate bids,” Bray said. “You need to just show your bid card. We won’t let you accidently make a bid.”

During the auction, the auctioneer and the bid spotters are busy keeping track of new bids, so they do not have time to take formal minutes and records for the auction. A clerk is the gatekeeper of the records, and keeps track of who is buying what and for how much.

“The clerk is very busy, so he cannot be distracted,” Bray said. “Don’t bother the clerk; if you have questions, refer to the bid spotters.”

It’s also important to keep in mind that everything in an auction is sold as is – after it’s purchased, it is non-returnable.

“Always research the items you are purchasing. Auctions are all buyer-beware,” Bray said.

You don’t have to be a seasoned bidder to participate in a Dakil auction. We want to make sure all of our bidders feel welcome in the auction process. For more information on how auctions work, visit our Auction 101 page, or contact us today.

Guns lined up for a gun range

When Cabela’s announced they would be opening a new location in North Oklahoma City, Barry Bryant, owner of Heartland Outdoor in Edmond, decided it was time to liquidate his gun range business. Although he didn’t know where to begin, he connected with Louis Dakil and knew that he could trust Dakil with the auction process.

With all that needed to be auctioned, Bryant felt overwhelmed. Heartland Outdoor carried a variety of products that fell into several different categories, but fortunately, Dakil Auctioneers was able to ease the stress of the logistical challenge.

“They did an awesome job because of the way they came in and sorted the products together and had everything in files,” Bryant said. “They put in a lot of work into the presentation as well. I could never have done the work that they did to present everything in such a great way for the buyers and get it sold quickly, and for great prices.”

Dakil Takes Care of the Work So You Don’t Have To

Through Dakil’s marketing processes, Heartland Outdoor’s auction was able to attract customers from all over Oklahoma and in other states as well.

“They brought people from Oklahoma, Missouri, and states even further than that to my auction,” Bryant said. “It was very successful.”

The liquidation was an emotional process for Bryant – it was painful for him to let some of his cherished items go to auction. Dakil kept this in mind and reassured Bryant that the majority of the work would be taken care of, so he would not have to be heavily involved if he did not wish to be.

“Dakil auctioned off the guns one by one and dealt with all of the paperwork themselves,” Bryant said. “I didn’t have to do anything, they did all the work. Louis Dakil was there every step of the way and even said a prayer with me before the auction. I probably got 70 cents on the dollar for every piece of inventory that I auctioned with Dakil.”

Barry Bryant Quote about making 70 cents on the dollar for his items with Dakil

Not only did Dakil provide support to Bryant and Heartland Outdoor in an emotional time by taking care of all of the work, Heartland Outdoor also reaped a significant return on the value of their items, resulting in a successful auction.

For more information on how Dakil can help you with your business liquidation auction, contact us today.

Dakil marketing an auction in the newspaper classifieds

At Dakil Auctioneers, not only do we host some of the largest auctions in Oklahoma, we also market our auction products widely and thoroughly to ensure that even the most niche products are sold at competitive prices.

We market our auctions and products three different ways — directly, through print, and digitally. This way, we can ensure all parties that could be interested in the specific auction products are notified of the auction. We’ve broken down our marketing process for you to show you how sending your items to auction with Dakil means they will be seen by thousands of potential buyers.

Print Marketing

Using our partnership with the Oklahoma Press Association, we are able to run newspaper advertisements for our auctions in a wide target of areas within Oklahoma and the region. Because many of our auction attendees avidly read the newspaper, our classified advertisements in the auction section are well-read and bring in many regular and new attendees to our auctions.

We also place print advertisements in various trade magazines across various industries so that avid followers of a certain industry are aware that an auction of pertinent items is coming up. These magazines attract customers from all over the country – not just Oklahoma.

Many of our larger auctions also get featured in newspaper write-ups as well, which are typically much larger than classified advertisements.

“If you walk into our building, newspaper pages filled with stories of our large auctions cover the walls. It really provides great PR for the upcoming auction and brings in a lot of attendees,” said Barrett Bray with Dakil.

Direct Marketing

What makes us unique is our way of directly marketing our auctions to potential buyers. Over the years, Dakil has collected a completely organic list of thousands of interested buyers and previous auction attendees. This list is divided into more than 100 auction industry categories. Whenever an auction for a specific industry is coming up, we alert the people on that list in that category via e-mail and direct mail to ensure that they are notified.

We also pull listings of similar companies who might be interested in a specific industry auction. Similar industry businesses are always looking for a great way to enhance their business, so notifying them of an upcoming auction in their industry brings great attendance.

Woman typing on a laptop

Digital Marketing

Lastly, we market our auctions to potential buyers digitally. Our website received one million page views just in 2016, and it is constantly updated with our upcoming auctions. We also advertise our upcoming auctions via social media, like on our Facebook page.

To see what auctions are coming up that might interest you or a business owner you know, view our upcoming auctions list. Interested in putting your items up for auction with us? Contact us today.

 

Contact Us

(405) 751-6179

Upcoming Auctions

Dec
13
Wed
10:00 AM Richards Car Care
Richards Car Care
Dec 13 @ 10:00 AM
Richards Car Care
Date & Time Wednesday, December 13th, 2017 – 10:00am Location & Directions Items Located At: 8216 NW Expressway Oklahoma City, OKlahoma Auction To Be Held At: Dakil Auctioneers, Inc. 200 NW 114th St. Oklahoma City,[...]
Dec
14
Thu
10:00 AM Pomco, Inc.<hr>Machine Shop & Re...
Pomco, Inc.<hr>Machine Shop & Re...
Dec 14 @ 10:00 AM
Pomco, Inc.<hr>Machine Shop & Real Estate
Date & Time Thursday, December 14th, 2017 – 10:00am Location & Directions Real Estate and Items Located At: 1041 SE 26th Street & 4016 S. High Ave, Oklahoma City Auction To Be Held At: Dakil[...]
6:00 PM December 2017 Real Estate Auction
December 2017 Real Estate Auction
Dec 14 @ 6:00 PM
Date & Time Thursday, December 14th, 2017 – 6:00pm Location & Directions Auction To Be Held At: Dakil Auctioneers, Inc. 200 NW 114th St., Oklahoma City, OK Sale Information Registration will begin at 5:00pm on[...]