The auction engine
How XITAD makes the market value of retired IT visible
Many organizations receive a single bid on retired hardware. As a result, it often remains unclear what the equipment is actually worth.
XITAD brings projects to the attention of specialized buyers within an international network of refurbishers, remarketing companies and professional IT traders. Competing bids give a more reliable picture of the market value and help make better use of available value.
The sale, data destruction and documentation remain part of one verifiable process. You keep the overview; XITAD handles the coordination.
From inventory to bids
The process begins with an inventory list, an export from your CMDB or an asset overview from an ITAM system. Based on models, configurations, quantities and current market data, XITAD prepares an indicative valuation.
After approval, the project is offered to relevant buyers within the network. Not every buyer is looking for the same equipment. That is why projects are matched to parties active within the relevant product categories.
The right hardware to the right buyer
Laptops, mobile devices, servers and network equipment each have their own market.
A refurbisher may be willing to pay more for recent laptops, while a specialized datacenter party is interested in servers or storage solutions. By offering equipment in a targeted way, a better picture of the market value emerges than with a single bid from one buyer.
Competing bids
After a project is published, multiple buyers can submit bids.
Bids are shown side by side so that price, terms and purchase arrangements can be compared easily. This creates insight into what the market is actually willing to pay.
Ultimately, you decide which party is awarded the project.
Transparency throughout the process
Traditional trade often runs through a single buyer or intermediary. As a result, part of the market remains invisible.
XITAD makes bids visible within one environment. Not by setting a price in advance, but by letting market parties bid against each other. This creates a more transparent process and a better substantiated return.
- One buyer
- One offer
- Limited market visibility
- Multiple buyers
- Multiple offers
- Transparent comparison
The valuation as a starting point
The indicative valuation is not a binding bid.
XITAD compares models and configurations with current transactions and market listings within the European secondary market. Specifications are checked and outlying price spikes are filtered out.
The final value is determined after the equipment has been checked, audited and, where necessary, graded.
Data destruction before transfer
For equipment that contains data, data security always comes first.
Storage media are processed according to the agreed method, including certified data destruction, physical destruction or a combination of both. Only after processing is complete and the required documentation is available is equipment released for further processing or sale.
This order is recorded within the platform and supported by certificates and audit trails.
Documentation and settlement
Every step in the process is recorded.
After completion you receive the relevant documentation, including certificates, reports and project information. This keeps it demonstrable which equipment was processed, which method was applied and how the project was settled.
Alongside the commercial return, this also creates a fully verifiable record for compliance, audit and governance purposes.
Frequently asked questions about the auction engine
How is the market value determined?
XITAD compares the models and configurations in your project with current transactions and market listings within the European secondary market, filtering out outlying price spikes. The indicative valuation is a starting point; the final value follows from the competing bids and a check of the equipment.
Who can bid on a project?
Specialized buyers within the XITAD network: refurbishers, remarketing companies and professional IT traders. Projects are matched to parties active within the relevant product categories, so the right hardware reaches the right buyer.
Can I refuse bids?
Yes. Bids are shown side by side and you decide yourself which party is awarded the project. You are not obliged to accept a bid.
What happens to the data on the devices?
For equipment that contains data, the storage media are first processed according to the agreed method, including certified data destruction, physical destruction or a combination. Equipment is only released for sale after processing is complete and the required documentation is available.
How does payout work?
After the project is awarded and completed, it is settled financially according to the agreed terms. Every step is recorded so the handling remains demonstrable.
What documentation do I receive afterwards?
After completion you receive the relevant documentation, including certificates, reports and project information, so it remains demonstrable which equipment was processed, which method was applied and how the project was settled.
Discover what your retired IT is still worth
Upload an inventory list for an indicative valuation or discuss your phase-out project with an ITAD specialist.