Important Info

Proxy/Absentee Bidding

In the event that you are unable to partake in one of our auctions due to availability, or timing issues, we will be happy to offer you the options of placing either Proxy, or Absentee bids. Just contact our office before the closing of any auction and we will provide you with all the details of how we can submit your bids on your behalf even if you can’t attend the auction in person.

“Subject to Approval” Explained

Any item being sold “Subject To Approval” cannot be concluded, and is not a binding sale until the secured lender approves the sale amount. It is a legal requirement for all leasing companies as well as many other sellers to follow this simple guideline in order to be able to pursue legal action against the previous debtor for shortfalls and deficiencies. Any seized item must be exposed for public sale, advertised in a major journal, and must have a minimum of 3 bids placed on it.

Benaco Sales Ltd. follows these rules strictly, and our sell through rate for assets sold on a “Subject To Approval” basis is over 95%. Once approved, the purchaser will be notified by email and the sale can be concluded. If not approved, the high bidder will have the opportunity to increase their bid, if they wish to do so, until an agreement can reached. There will be no financial obligation by the high bidder until a sale can be concluded.

Medical Device Sales

Benaco Sales Ltd. is a Health Canada Licensed and Approved Medical Device Reseller

Benaco is proud to be one of the very few liquidators in Canada to be licensed and approved by Health Canada to resell and remarket medical devices such as portable cosmetic and surgical lasers. We ship throughout both Canada and the United States.