SalvageSpace is an online marketplace, where buyers and sellers of products and services come together in a transparent and fair marketplace to trade., using Forward eAuctions, Reverse eAuctions and Classified Listings. Our Reverse eAuction services unite suppliers and buyers of a wide variety of commodities, products and services, in a secure and transparent marketplace.
Our Forward eAuctions bring together buyers and sellers of salvage, scrap and idle assets – including damaged, distressed, obsolete, old, rejected, abandoned, second hand, or otherwise unwanted assets, capital equipment, cargo and merchandise. SalvageSpace oversees the complete Forward eAuction process for both private and public auctions and is involved in all daily operational activities. SalvageSpace also provides Salvor Services to the insurance industry to maximize recovery and minimise loss from salvages.
Classified Listings provides an online marketplace where sellers showcase salvage and damaged or obsolete assets they wish to sell, and interested buyers contact them directly to negotiate a trade.
SalvageSpace offers a Reverse eAuction marketplace that allows buyers of goods and services to hold an auction for the procurement of the items. The buyer posts details of the items they wish to procure and pre-approved suppliers bid to win the auction and be the supplier of the items.
| What is it? | eAuction for high value & high demand salvages | eAuction for low value &/or low demand salvages | No Auction. A listing, like an ad | eAuction for procurement of goods/services. Buyer procures items. Supplier is the bidder. |
| Earnest Money Deposit (EMD) | Yes. Prior to participation | Yes. After Auction. Before sending bids to seller | No | No |
| Pre-Event | Yes. Featured for up to 1 month prior to auction | No | No | Yes. Featured for up to 1 month prior to auction |
| Duration | 1 hour | Up to 10 days | Up to 30 days | 1 hour |
| Uploader | SalvageSpace Team | SalvageSpace Team | Seller | SalvageSpace |
| Buyer Contacts Seller Directly | No | No | Yes | No |
| SalvageSpace Team Involved in Daily Ops | Yes | Yes | No. Act as a marketplace. Receive an email copy from the buyer to seller | Yes |
| Seller Participation | Requires approval | Requires approval | No approval required | Requires approval |
| Buyer Participation | By invitation only | Open to all | Open to all | Requires approval |
| Pricing | 3% of final disposal value | 5% of final disposal value | Fixed fee. See pricing | Fixed fee. |
