How to bid
Frequently Asked Bidder Questions
ThreeSixty Asset Advisors manages a wide range of asset sales, including auctions, sealed-bid offerings, and orderly liquidations. Each sale is structured based on the asset type, seller objectives, and applicable requirements, and may utilize different bidding platforms or partners. The information below is intended to help bidders understand what to expect, how to participate, and where to find sale-specific terms before bidding. Scroll down or use the following links to navigate.
New to Bidding? Start Here.
If this is your first time participating in one of our sales, the overview below highlights the most important things to know before placing a bid or submitting an offer.
Who can participate?
Most of our sales are open to the public; however, all bidder registrations are subject to review. Depending on the sale, bidders may be asked to provide additional information to confirm identity, business activity, or intent to purchase. This helps ensure a smooth and secure transaction for all parties involved.
How do I bid or submit an offer?
Each sale uses a designated bidding or offer-submission platform. You will register and place bids or offers directly on that platform, following the instructions provided in the sale listing.
When and how do I pay if I’m successful?
Payment is due promptly upon receipt of your invoice, typically within 24 hours. Credit card payments are often accepted but may be subject to limits and processing fees. Larger purchases generally require payment by wire transfer. Full payment must be completed before items are released or pickup is scheduled.
Are there additional costs beyond my bid?
Yes. A buyer’s premium is added to all invoices. This is a percentage-based fee applied to the winning bid or purchase price and is clearly disclosed in the sale terms.
Do you ship items, or do I arrange pickup?
We do not provide shipping or delivery services. Buyers are responsible for arranging pickup or shipping from where the items are located, including labor, transportation, and any required insurance.
What should I know about item condition?
All items are sold as-is, where-is. Descriptions and photos are provided to assist bidders, but buyers are responsible for evaluating condition and suitability. When available, inspections are strongly encouraged.
ABOUT THREESIXTY
What does ThreeSixty Asset Advisors do?
ThreeSixty Asset Advisors acts as the sales agent for a wide range of asset dispositions. We work on behalf of owners, lenders, courts, trustees, and other stakeholders to market assets and manage the sale process, from initial listing through completion of the transaction.
Do you only run auctions, or do you handle other types of sales as well?
While many of our sales are conducted as auctions, we also manage sealed-bid sales, negotiated liquidations, orderly liquidations, and other structured sale processes. The specific format used depends on the asset type, seller objectives, and legal or practical considerations.
What kinds of assets do you sell?
Our sales may include industrial and commercial equipment, real estate, intellectual property, vehicles, specialty assets, and other tangible or intangible property. Each sale is tailored to the nature of the assets involved.
Are your sales open to the public?
Unless a sale is expressly restricted, our sales are open to the public. Any eligibility requirements or limitations will be clearly stated in the sale listing or terms.
HOW OUR SALES WORK
Why do some sales send me to a different website to bid or submit an offer?
Every sale uses a specific bidding or offer-submission platform where bids or offers are officially received. The platform used may vary by sale, and the process can differ slightly depending on the platform. In some cases, ThreeSixty works with a partner auction or sales firm, and bidding may take place through that firm’s website or platform. When that occurs, the partner’s published terms and procedures apply in addition to the sale-specific information provided. Please note that access credentials vary by bidding platform; if you are unable to log in using credentials you have previously used, the sale may be utilizing a different platform that requires separate registration.
What types of sale formats might I see?
You may see timed online auctions, live webcast auctions, sealed-bid offerings, orderly liquidation processes, bulk sales, or turnkey opportunities. Timed online auctions allow bidding over a set period with automatic extensions when bids are placed near closing. Live webcast auctions are conducted by a live auctioneer with simultaneous online participation. Each format is selected based on what best fits the assets and the seller’s goals, and the applicable format will be clearly identified for each sale.
How do I register or submit an offer?
Registration or offer submission is completed through the platform designated for the sale. Instructions and requirements are provided in the sale listing and may include identity verification, payment information, or other details depending on the platform and sale type.
Can I change or withdraw a bid or offer once submitted?
In most cases, bids and offers are binding once submitted and cannot be withdrawn. Bidders should carefully review the terms and confirm all details before placing a bid or submitting an offer.
BEFORE YOU BUY
Can I inspect items before buying?
Many sales offer an inspection opportunity, either onsite or by appointment. Inspection details, dates, and any limitations will be listed with the sale. Buyers are strongly encouraged to inspect assets prior to bidding or submitting an offer when inspections are provided.
How should I think about condition and risk?
Assets are generally sold on an as-is, where-is basis, meaning buyers assume responsibility for condition and suitability. ThreeSixty makes reasonable efforts to provide information that helps bidders evaluate items and may note visible damage or known issues when identified. However, the scope and depth of available information can vary by project, and descriptions are provided for informational purposes only. Inspections, when available, are the best way to assess condition and risk before committing.
PRICING & COSTS
How is pricing determined in your sales?
Pricing depends on the sale format. In auctions, including live webcast and timed online auctions, pricing is established through competitive bidding with dynamic closings that may extend as bidding continues. In some cases, lots may be offered as a single lump-sum price, while others may be offered on a per-unit basis as displayed on the bidding platform. In sealed-bid or negotiated sales, pricing is based on submitted offers and seller acceptance criteria. Buyers should carefully review each lot to understand how bids or offers are applied, as bids may not be retracted once submitted.
What is a buyer’s premium?
A buyer’s premium is an additional fee, calculated as a percentage of the winning bid or purchase price, that is added to the buyer’s total cost. The applicable buyer’s premium, if any, will be clearly stated in the sale terms.
Will I need to pay sales tax?
Sales tax is typically based on the location of the assets and applicable law. Buyers are responsible for sales tax unless they are purchasing for resale and provide valid, accepted tax-exempt documentation for the jurisdiction where the assets are located, as outlined in the sale terms.
PAYMENT & TIMING
When and how do I pay if I am successful?
After a sale concludes, successful buyers receive an invoice with payment instructions. Accepted payment methods often include wire transfer and credit card, which may be subject to limits or processing fees depending on the platform. Payment is generally required promptly upon receipt of invoice and must be completed before items are released or pickup is scheduled. Onsite payments are typically not accepted. Specific payment methods, deadlines, and any limitations are outlined in the sale terms and may vary by sale or platform.
What happens if payment is not made on time?
Failure to make payment in accordance with the sale terms may result in forfeiture of the purchase, loss of deposits, and other remedies as outlined in the applicable terms and conditions. Because many sales are liquidation-oriented and time-sensitive, payment defaults are taken seriously. Buyers are encouraged to understand their payment obligations and ensure funds are available before bidding or submitting offers.
PICKUP, SHIPPING & LOGISTICS
How do I receive or pick up what I bought?
Once payment and any required documentation are complete, buyers must schedule pickup or removal as directed on their invoice or sale instructions. Buyers are responsible for arranging labor, equipment, and transportation, and for ensuring safe, compliant removal in accordance with site rules and applicable laws.
Can you help with shipping, rigging, or transport?
Some sales include contact information for third-party shippers, riggers, or movers as a courtesy. These providers are independent, and buyers are responsible for coordinating services directly with them, including costs, insurance, and scheduling.
SPECIAL SITUATIONS
Are some sales court-ordered or bankruptcy-related?
Yes. Some sales are conducted under court supervision or as part of bankruptcy, receivership, or other fiduciary proceedings. When applicable, this context will be disclosed in the sale information.
Do court-authorized sales provide clear title?
Court-authorized sales are typically conducted pursuant to court orders that address title and lien issues. Buyers should review the specific sale documents and applicable court orders for details. Unless stated otherwise in the sale materials, such sales are generally structured to convey assets free and clear of liens through the court process.
POLICIES & SUPPORT
Do you accept returns or cancellations?
No. All sales are final unless explicitly stated otherwise in the sale-specific terms. Buyers should review all descriptions, photos, inspection opportunities, and applicable terms before bidding or submitting an offer.
What terms and conditions govern my purchase?
Each sale is governed by the specific terms published for that sale together with our General Terms of Sale. The General Terms of Sale establish the baseline rules that apply across all ThreeSixty-managed sales, including buyer responsibilities, payment obligations, default provisions, and risk allocation. Sale-specific terms may modify or supplement these baseline terms, and bidders should review both before participating.
Who should I contact if I have questions?
Each sale listing includes contact information for questions related to that specific sale. Buyers should refer to the sale materials or their invoice for the appropriate contact details. If you are unsure who to contact, you may email support@360assetadvisors.com and typically receive a response within one business day.