2015 CATERPILLAR
323D2L
VIN · LR-68-244-77
Starting Bid
$18,000
Reserve
$24,500
Sat, 14 Jun · 18:00
72 HSet the rules, keep the margin
Decide the reserve and buy-now prices, and bid boosts. No third-party cut, no playing by someone else's rules.
Krank Auctions
Run Auctions with Zero Commissions
Run live auctions, enable proxy bidding, configure reserve pricing, and manage complete asset sales through one platform.
Enterprise Ready
Secure
Scalable
Auction Driven
Core Value
Auction infrastructure that is built for you
Winning BidderVerified KYC ✓
MC
Maria Costa
Bidder #214 · Lisbon
$24,500
Bids
38
Watchers
142
Vs Reserve
+0%
Run auctions on your terms
Configure each auction end-to-end. Bidders see your name on the page, not someone else's.
Bidder Name
Bid Amount
Date
Olivia Rhye
$ 60,500
03.05.2024 11:44
Hayes Harper
$ 18,650
03.05.2024 11:00
Genie Reis
$ 18,250
03.05.2024 10:58
Capture all participant data
Winners and losers, with full contact details. Get warm leads and participation data from every event.
Why others fail
Selling on third-party auction platforms is broken
High commission rates
You pay hefty commissions while helping build someone else's brand.
No access to bidding data
You lose valuable bidder data after every sale with no control over the pipeline.
Rigid format and rules
The platform sets the auction format, fee structure, and bidder requirements.
Their brand, your inventory
Every sale builds the auctioneer's network, not yours. Bidders trust them, not your business.
How it works
Run it your way, from listing to settlement
A complete digital auction workflow, run on your domain, with higher profit margins and full control.
01
Set up the auction
Define asset details, pricing rules, auction format and timing that meets your requirements.
02
Invite the bidders
Verify identity, set deposits, decide who's in. Own the bidder details from the first click.
03
Run the bidding
Set up live or timed bidding with proxy support, reserve pricing and anti-sniping rules.
04
Close the deal
Automated contracts, e-signatures and settlement, every detail captured for your audit log.
26
Auction Events
$95m+
Total Auction Sold
2K+
Auction Listings
Capabilities
The full auction toolkit
Proxy bidding
Automated bid increments up to a maximum so bidders compete without constant monitoring.
Timed auction events
Configure auction duration, extensions, and anti-sniping rules for fair competition.
Reserve pricing
Set reserve prices, opening bids, and minimum increments to protect asset value.
Bidder segmentation
Control who can participate with identity verification, deposit requirements, and access management.
Contract automation
Seller declarations, purchase contracts, electronic signatures and auction terms.
Participation management
Deliver a seamless buying journey with smart search, alerts, and integrated inquiry and financing flows.
Business outcomes
What changes when you run the auction
Higher sale prices
Competitive bidding and expanded reach increase asset recovery values.
Faster transactions
Automated workflows reduce days-to-settlement and accelerate liquidity.
Improved buyer reach
Digital access removes geographic barriers to bidder participation.
Reduced negotiation cycles
Structured auction rules and transparent bidding eliminate back-and-forth.
Network cluster
Compliance and governance, built-in
Run auctions with role-based access, automated contracts, and a complete event log, by default.
Role permissions
Granular access controls determine who can configure and manage auction events.
Contract enforcement
Automated contract generation with configurable terms and electronic signatures.
Compliance tracking
Enforce compliance standards across auction agreements and settlements.
Audit visibility
Complete bid history and transaction logs for regulatory compliance and reporting.
Connected Platform
Capture the bid margin with a platform exclusively yours
Krank replaces third-party and manual auctions with enterprise infrastructure that runs structured, compliant, industrial auctions at scale.