"Chalk it up to Experience – Lessons learned from striking international deals" is the title of a recent Podium article by Richard Reese, president of Rabin Worldwide. The Podium is the official publication of The Industrial Auctioneers Association.
In the article, Rich talks abut his international auction experience at Rabin Worldwide. Rich is always learning and "charting new terrirory" in the international auction market.
Here's a short exerpt from the full story:
"Over the years, we have taken financial positions in a wide rage of global projects: from sugar mills and ore processing plants, to semi-conductor facilites and contruction spreads.
In terms of chalking it up to experience, a large gold mine we banked in Darwin, Australia comes to mind. Having conducted many gold and copper mine auctions dating back to the late 70's, I felt confident in knowing what would be hard sales and long term holds.
I was right-on about both as the deal carried on for three years. What I didn't plug in to the equation was the changing price of gold (it took a nose dive during the course of the deal) and have since added commodity fluctuations to my risk assessment."
If you are considering auction or other liquidation options in the US or beyond, we can help guide you through the process.
Contact us at 415-522-5700.