World Wide Auctioneers holds fully unreserved auctions, with no minimum bids, seller bids, or reserved items, assuring buyers and sellers that equipment is traded at fair market value. Auctions have been held in Dubai, Amsterdam, Qatar, Guangzhou, Jakarta, Perth, Philippines, Lebanon and the USA. WWA strives to provide the finest service in the Industrial Auction business.
WWA has sold at auction over 61,500 items construction equipment at its 75 auctions in Dubai from March 2001 through August 2010, for a total amount of over $903 Million in auction value. WWA controls a market share of over 65% of all industrial equipment auction sales concluded in Dubai in 2005, 2006, 2007 and 2008, and the market is projected to continue to grow.
WWA has operated auctions for its franchise and joint venture partners in other dynamic markets around the world. Another $223 Million worth of equipment has been auctioned at these locations since 2001, and an additional $22 Million in equipment has been auctioned through WWA's Online Auctions. The parent company and its franchises can do business together or individually, adapting easily to any situation. WWA and its franchises present a comprehensive range of services geared to buyers and sellers of industrial, construction, and maritime equipment, materials, and products, based on a combination of physical, video and Internet-based auctions. Further international expansion through franchise joint ventures and acquisition is planned in the future.
WWA sells more second hand construction equipment to more people than
any other organization in the GGC countries of the Arabian Gulf. The
Company plans to expand its auction and private equipment sales
business into other GCC countries, and subsequently leverage the
valuable resources collected from this business into other related
businesses. Part of this expansion plan includes:
- WWA’s recent acquisition of an equipment shipping business in the Gulf Region
- Participation in long term joint venture with contracts for disposal of U.S. Military equipment at overseas bases
- A recent investment in a heavy equipment and mining/earthmoving management business
- The establishment of a new equipment sales division that holds exclusive distributorships for popular Japanese made truck cranes and mobile offices
World Wide Auctioneers directors and managers have a combined total of over 75 years of experience in buying, selling, and auctioning of heavy equipment in Europe, Asia, and the Middle East. WWA managers and staff are committed to providing efficient, effective services. The Company’s structure includes one subsidiary and three joint venture partner companies, each licensed and registered to operate in its respective country.
WWA has substantial infrastructure and major partners all over the world, but maintains a low corporate overhead structure. This combination gives WWA the efficiency of a small company with the major-market presence of a large public corporation. WWA operates in house, a state of the art Internet site with its own equipment search engine and interactive buyer and seller features. Live on-line bidding, on-site video presentation and wireless electronic bidding systems in use at WWA auctions offer the most modern technologies available in the industry. The company combines hands-on experience in the heavy equipment auction industry with ability to leverage the marketing power and auction impact of the Internet and other technologies.
World Wide Auctioneers is committed to having top-level managers on-site at every auction and accessible to participants, allowing maximum flexibility in decision-making. Commissions are competitive with any in the business.
World Wide Auctioneers is wholly owned by WWA Group, Inc., a U.S. publicly traded company. The stock trades under the symbol "WWAG" on the U.S. Over The Counter Bulletin Board Exchange (OTC BB).
