Industrial Auction Eindhoven specializes in the purchase and sale of industrial goods, both used and new. They always have thousands of items in stock.
Since the late fifties of the previous century, Philips had its own 'Auction' department where its own staff could buy waste wood, small ironware, and small electronic components. With this, Philips gave the DIY enthusiasts among them the opportunity to purchase redundant or obsolete goods for a bargain. Philips grew enormously during that time and the Philips Auction grew at the same pace. The range steadily expanded with tools and used machinery, among others. Soon, not only the company's own staff but also Philips suppliers and other entrepreneurs from the region could go there. After some time, one of the first recycling projects in the Netherlands was also initiated by the Philips Auction.