A negotiated sale between a Salvor and buyer is common.
Bid sales occur when several buyers come together to buy the same “stock.” Bids are written and sealed in an envelope, then opened at a designated time and place.
On-line bids will be found in my Web site. These may not have a starting or ending date.
Stated sale prices are offered in my “Salvage Sale” page. Buy it now at a stated price, or make us an offer we can’t refuse.
Auctions are held in our industry, but rarely by my company.