European based industrial auctioneer GoIndustry is on the cusp of buying DoveBid, the largest Internet industrial auction company in the United States.
The industrial auction segment of eBay has suffered of late, as the company appears to have lost touch with that niche customer base.
In this video, machine tool dealers Lloyd and Jim Graff of Graff Pinkert & Co. give their insider’s perspective on the worldwide consolidation taking place in the industrial equipment auction business.
In this video Lloyd and Jim discuss the current state of eBay, addressing where the company has gone wrong in its approach to industrial auctions and the overall experience of its users.
