SalvageSale

Infobox_Company
company_name = SalvageSale, Inc.
company_type = Private
foundation = 1999
company_
location = Houston, Texas, USA
key_people = Dan Parsley, Chairman & CEO
Jim Reilly, Executive Vice President & COO
Ronald Chamness, Senior Vice President, Insurance Business Development
Chad Farrell, Vice President, Sales Operations
Shane Whittington, CFO
Scott Richardson, Vice President, Business Solutions
| num_employees = ~35 (2007)
products = Diverse
industry = Online Auction Business Model
homepage = [http://www.salvagesale.com/ www.salvagesale.com]

SalvageSale, Inc. is an online marketplace built for disposal of insurance and corporate surplus, salvage and other goods. Founded in 1999 by Charlie Wilson, SalvageSale serves millions of customers with its proprietary bidXchange auction.

Auction Rules

SalvageSale's bidXchange auction differs from eBay in the following ways:
*The seller may stipulate terms of sale in the listing, as well as select the start and end times of the auction. All such times are expressed in Central Standard/CST time.
*Bidders place bids on the listing in accordance with the seller's terms of sale.
*All bids must be placed for the total quantity offered. SalvageSale does not deal in partial lots.
*Upon entering a bid, bidders will be able to view their current rank and place in the Auction Watch section of their MySalvageSale page.
*Market Maker expertise; SalvageSale has "Market Makers" who actively drive auction activity
*The seller is able to view all bids placed on his listing, but does know the identities of the bidders.
*Once a winning bid is selected (either automatically or by the seller), the bidder will be notified via email and receive a Request for Funding that includes payment instructions.

Awards

*2005 Ernst & Young Entrepreneur of the Year Regional Finalist
*2005 A. M. Best E-Fusion Award in Special Coverage Management
*2005 FastTech 50 Top 10 Finalist
*2005 Inaugural Aggie 100 Honoree - Top 10 Finalist

External links

* [http://www.salvagesale.com http://www.salvagesale.com]