Industrial Auction Eindhoven specializes in the purchase and sale of industrial goods, both used and new. They always have thousands of items in stock.
From the late 1950s, Philips had its own 'Auction' department where its staff could buy scrap wood, small hardware and small electronic components. This gave the DIYers among them the opportunity to purchase redundant or obsolete goods for next to nothing. Philips grew enormously at that time and the Philips Auction grew at the same pace. The range steadily expanded to include, among other things, tools and used machines. Soon, in addition to its own staff, Philips' suppliers and other entrepreneurs from the region could also go there. After some time, one of the first recycling projects in the Netherlands was also started by the Philips Auction.