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All items are sold “AS IS-WHERE IS” without any guarantees or warranty expressed or implied, statutory or otherwise of any nature whatsoever in respect of the lots offered at the auction. Specifically, but without limitation, Auctioneer makes no representation or warranty that any of the lots conform to any standard in respect of safety, pollution or hazardous material, or fit for any particular purpose. The Auctioneers, sellers, or any member of their staff make no guarantee as to the authenticity, of any particular age, year of manufacture, model, make, mileage, hours, condition, or defect of any lot or item being sold. Bidders are encouraged to make their own physical inspection and rely solely on that inspection before bidding. Failure to inspect does not negate that Bidders responsibility to perform under the auction terms and conditions.
Many financial assets, especially government bonds, are issued by an auction. An important feature of the design is the auction pricing mechanism: Uniform vs. Discriminatory. Theoretical papers do not provide a definite answer regarding the dominance of one type of auction over the other. We investigate the revealed preferences of the issuers by surveying the sovereign issuers that conduct auctions. We find that the majority of the issuers/countries in our sample use a discriminatory auction mechanism for issuing government debt. We use a multinomial logit procedure and discriminatory analysis to investigate the mechanism choice. It was interesting to find that market oriented economies and those that practice Common law tend to use a uniform method while economies who are less market oriented and practice Civil law tend to use discriminatory price auctions.

In order to appeal the decision to seize your goods, you will want to write out a Notice of Claim and hand in the appeal personally. Only the individual who owned the goods at the time of seizure is allowed to appeal the decision to seize them. It is well within your right to appeal the decision to take the goods or merchandise you owned while, at the same time, requesting that Customs return the items to you. 

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The purchaser shall pay a non-refundable deposit of 25% of the purchased price of any auction lot on the date of the auction, with the balance of the purchase price paid within 3 days following the auction. All payments must be received by cashier’s check, money order, company or personal check accompanied by an irrevocable bank letter of guarantee, or wire transfer payable to Bar None Auction. Any payment other than cash may be subject to an additional 3% administrative fee.

Local police auctions. If you are interested in local police impound car auctions the best way to find information is to call your local police department. They can provide with the dates and details. Under no circumstances should you call 911 for this information. Look in the local blue pages for the non-emergency number. They are also required to run ads in the local newspaper about 90 days prior to the auction. These are often low key ads in the classified section, so finding them may require some searching. Some police departments put auction information online, so you can also search the Internet
Reserve auction is an auction where the item for sale may not be sold if the final bid is not high enough to satisfy the seller; that is, the seller reserves the right to accept or reject the highest bid.[37] In these cases a set 'reserve' price known to the auctioneer, but not necessarily to the bidders, may have been set, below which the item may not be sold.[36] If the seller announces to the bidders the reserve price, it is a public reserve price auction.[39] In contrast, if the seller does not announce the reserve price before the sale but only after the sale, it is a secret reserve price auction.[40] The reserve price may be fixed or discretionary. In the latter case, the decision to accept a bid is deferred to the auctioneer, who may accept a bid that is marginally below it. A reserve auction is safer for the seller than a no-reserve auction as they are not required to accept a low bid, but this could result in a lower final price if less interest is generated in the sale.[37]

Bidding. Get some information about the type of bidding that normally occurs at these auctions. Feel free to ask the consultant about the expected price of a particular vehicle. When the auction starts, raise your hand and registration number card high in the air so the auctioneer can see you. Bids can be in increments of $100, $250 or even $500. This will be up to the auctioneer's discretion. Before bidding, remember that once a bid is made it cannot be withdrawn. Once the bid is won then the bid cards must be immediately filled out and signed. If this is not done then the vehicle can be re-offered. The government can reject any bid
Depending on the agency, the government may use revenue from auctioned items to support crime-prevention programs, pay restitution to crime victims or purchase new equipment the department needs. "By providing agencies with the ability to dispose of excess assets, GSA benefits taxpayers by eliminating the need to maintain and store the unneeded property while also raising more than $300 million in revenue in just the last two years," a GSA spokesperson said.
The Romans also used auctions to liquidate the assets of debtors whose property had been confiscated.[8] For example, Marcus Aurelius sold household furniture to pay off debts, the sales lasting for months.[9] One of the most significant historical auctions occurred in the year 193 A.D. when the entire Roman Empire was put on the auction block by the Praetorian Guard. On 28 March 193, the Praetorian Guard first killed emperor Pertinax, then offered the empire to the highest bidder. Didius Julianus outbid everyone else for the price of 6,250 drachmas per guard,[citation needed] an act that initiated a brief civil war. Didius was then beheaded two months later when Septimius Severus conquered Rome.[8]

Removal of all items shall be the sole responsibility of the purchaser. Loading assistance is provided as a courtesy; however, purchaser assumes all risk and responsibility for loading and removal of purchases. Auctioneer reserves the right to require proof of adequate insurance coverage from any purchaser items requiring dismantling, rigging or hot cutting. Purchaser agrees to indemnify and save harmless both, consignor and Auctioneer, its officers, directors, employees, agents, and attorneys against any damage caused by the acts of purchaser. All items must be removed from the auction facility within 2 days after the auction date. If for any reason purchaser fails to remove any purchase within the time specified, the purchase shall be deemed abandoned, and Auctioneer at its sole discretion may resell the items. Purchaser shall be liable for any rent incurred or damages suffered by Auctioneer because of purchaser’s failure to remove any item. Failure to remove items will result in a rental / storage fee of not less than $25 per item per day.


The General Service Administration is the biggest national sales agency and you can check out fleet sale cars and trucks on their website. Online versions of the auction can be located through the GovSales website. Finding former police cars for sale is down to how often those local auctions are held, but you can also try eBay Motors. Government car auctions are there in the motors section for you to search through. You can search by ZIP code, type of car, miles from your destination or make and model of the car you require.
Lots at police auctions range from brand new or graded from A down in used condition, or goods may be slightly marked. A good example would be high quality white goods. All items listed in any police auction are available for viewing and inspection prior to the sale. Faulty or damaged goods should be clearly marked, and faults are outlined by the auctioneer during the auction. 

​​ ​Items sold include vehicles, electronics, computers and other miscellaneous property used or acquired by Clark County and participating government agencies. Two sales are conducted concurrently on auction days – one for vehicles and one for miscellaneous items. A preview and pre-registration period opens at the auction site three days prior to every sale. Hours are 9 a.m. to 5 p.m. daily.

Property becomes tax-defaulted land if property taxes remain unpaid at 12:01 a.m. on July 1st.  Property that is tax-defaulted after five years (or three years in the case of property also subject to a nuisance abatement lien) becomes subject to the county tax collector’s power to sell that property in order to satisfy the defaulted property taxes. The county tax collector must attempt to sell the property within four years of becoming subject to sale.


At times, customs may decide to not only seize goods but detain the passenger as well. This can happen for a number of different reasons. One reason is if, as mentioned above, a passenger has not declared the item(s) or if they have been declared falsely. Another reason would be if an individual carried with them over 200 grams of tobacco or a very large amount of alcohol.
In the United States, a primary dealer is a bank or securities broker-dealer that is permitted to trade directly with the Federal Reserve System ("the Fed").[2] Such firms are required to make bids or offers when the Fed conducts open market operations, provide information to the Fed's open market trading desk, and to participate actively in U.S. Treasury securities auctions.[3] They consult with both the U.S. Treasury and the Fed about funding the budget deficit and implementing monetary policy. Many former employees of primary dealers work at the Treasury because of their expertise in the government debt markets, though the Fed avoids a similar revolving door policy.[4][5]
Do your research. Check Kelly Blue Book for the proper price for the vehicle, including its mileage and apparent condition. Always downgrade the condition by one ranking for government auctions. Also, do some smart used-car research, such as checking Consumer Reports for reliability and the frequencies of particular repairs, and checking our road test information if it's a recent model vehicle.
Many financial assets, especially government bonds, are issued by an auction. An important feature of the design is the auction pricing mechanism: Uniform vs. Discriminatory. Theoretical papers do not provide a definite answer regarding the dominance of one type of auction over the other. We investigate the revealed preferences of the issuers by surveying the sovereign issuers that conduct auctions. We find that the majority of the issuers/countries in our sample use a discriminatory auction mechanism for issuing government debt. We use a multinomial logit procedure and discriminatory analysis to investigate the mechanism choice. It was interesting to find that market oriented economies and those that practice Common law tend to use a uniform method while economies who are less market oriented and practice Civil law tend to use discriminatory price auctions.
You can find out when Treasury securities will be auctioned by viewing the recent announcements of pending auctions. Once an auction is announced, your institution may submit a bid for the security. You may bid directly through TreasuryDirect (except for Cash Management Bills), TAAPS (with an established account), or you can make arrangements to purchase securities through a broker, dealer, or financial institution.
The Federal Reserve, also known as the Fed, is the central bank of the United States, and it monetizes U.S. debt when it buys U.S. Treasury bills, bonds, and notes. When the Federal Reserve purchases these Treasurys, it doesn't have to print money to do so. It issues credit to the Federal Reserve member banks that hold the Treasurys and then it puts them on its own balance sheet. It does this through an office at the Federal Reserve Bank of New York. Everyone treats the credit just like money, even though the Fed doesn't print actual cash.
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I returned home wishing I had never gone to this auction, because as someone trying to get over his junky-vehicle hoarding tendencies, I’m not strong enough to handle this kind of temptation. Sure, many of these cars were junk, but they were dirt cheap. And since most were impounded for some sort of driving infraction, there’s a decent chance they move under their own power.
The bidder, whether acting as principal, agent, officer or director of a company or otherwise, in any capacity whatsoever, and the company he represents, both jointly and severally agrees to indemnify and save harmless Auctioneer and its officers, directors, employees, agents, attorneys and its consignors, from any and all actions, causes of action, suits, damages, costs, and losses of any nature, including injury and death, arising from the purchase or use of any items, or the attendance or participation of bidder, his/her agents or employees, at the auction and/or on the auction site whether before, during, or after the auction.
Nonetheless, auctions have a long history, having been recorded as early as 500 B.C.[7] According to Herodotus, in Babylon auctions of women for marriage were held annually. The auctions began with the woman the auctioneer considered to be the most beautiful and progressed to the least. It was considered illegal to allow a daughter to be sold outside of the auction method.[6]
Many police forces across the UK sell on loot which they've seized. And because this isn't widely known about – and because the police sell on items they'd otherwise have to store or dispose of – you could bag real bargains. For example, we spotted a kids' bike for 99p (collection only), a classical guitar for £14 (incl delivery) and an Armani watch for £15 (collection only).
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When goods are seized, the importer received what is known as a Notice of Seizure. This document lists the items that have been seized by customs, as well as details regarding who to contact about the seized goods, and information on what to do after your items have been taken. If the items are seized in your presence, the reasoning behind why your items have been seized will be explained to you in person. Otherwise, the Notice of Seizure will be sent to you.
26-Mar Italy CTZ/BTPi auction 26-Mar Japan Auction of 40-year government bonds 26-Mar Germany Auction of 2-year Treasury notes 27-Mar United States Sale of 2-year floating rate notes 27-Mar United States Sale of 5-year notes 27-Mar Italy Bills auction 27-Mar Sweden Auction of government bonds 27-Mar Norway Auction of Treasuries 27-Mar Germany Auction of 10-year Federal bonds 28-Mar United States Sale of 7-year notes 28-Mar Italy Medium-long term auction 28-Mar Japan Auction of 2-year government bonds 1-Apr Japan Auction of 10-year government bonds 2-Apr Belgium Auction of Treasury bills 3-Apr Japan 3-month discount bill auction 3-Apr Japan Auction of 30-year government bonds 3-Apr Sweden Auction of Treasury bills 4-Apr Sweden Auction of inflation-linked government bonds 5-Apr Japan 3-month discount bill auction 8-Apr Norway Auction of Treasury bills 8-Apr France Auction of BTF Treasury notes 9-Apr United States Sale of 3-year notes 9-Apr Japan 6-month discount bill auction 9-Apr Japan Auction of 5-year government bonds 9-Apr Belgium Auction of Treasury bills 10-Apr United States Sale of 10-year notes 10-Apr Sweden Auction of government bonds 10-Apr Norway Auction of Treasuries 11-Apr United States Sale of 30-year bond 11-Apr Italy Bills auction 12-Apr Italy Medium-long term auction 12-Apr Japan 3-month discount bill auction 16-Apr Japan Auction of 20-year government bonds 18-Apr Japan 1-year discount bill auction 18-Apr France Index-linked Securities auction 19-Apr Japan 3-month discount bill auction 23-Apr United States Sale of 2-year notes 23-Apr Japan Auction of 2-year government bonds 24-Apr United States Sale of 2-year floating rate notes 24-Apr United States Sale of 5-year notes 24-Apr Italy Zero Coupon/BTPi auction 24-Apr Sweden Auction of government bonds 25-Apr United States Sale of 7-year notes 26-Apr Italy Bills auction 27-Apr Italy Medium-long term auction 29-Apr Belgium OLO Auction
The State of Georgia primarily offers surplus state property to the public through internet auction providers. Click on the square below to see property that is currently being offered on each site. To place bids on these auction sites, you must first set up a user account. To set up a user account, click on the desired auction site under Areas of Focus and follow the sites' instructions.
Municipal Vehicle and Equipment Auction ends March 24th 2019 - online only auctionVehicles located at 835 Route 100 Bechtelsville, PA 19505Inspection and Previews - Saturday March 9th and March 23rd 9am-4pm View the catalog and bid online at geyerauctions.hibid.com 1982 American LaFrance Fire Truck - Turbocharged V8 Detriot Diesel  with 13,000original miles Allison Automatic, Garage Kept   [ View Full Listing ]
The General Service Administration is the biggest national sales agency and you can check out fleet sale cars and trucks on their website. Online versions of the auction can be located through the GovSales website. Finding former police cars for sale is down to how often those local auctions are held, but you can also try eBay Motors. Government car auctions are there in the motors section for you to search through. You can search by ZIP code, type of car, miles from your destination or make and model of the car you require. 

In this article, we will talk about seized goods and what they are. The seizure of goods occurs when a customs officer finds merchandise or goods that are not allowed to be imported. Items that have not been declared may also be seized if the customs officer sees fit to do so. An example of an item that is prohibited, and therefore fit to be seized, is a weapon such as a knife or a firearm.
Internet auctions typically last seven days, and operate like eBay auctions. Each listing links to the auction house website where bids can be placed. From that site, bidders are asked to register in order to bid on a vehicle. Live auctions are public auctions held at a specific date and location and are usually published in newspapers in addition to the online listing at GovSales.
Due to the various governmental units that supply the vehicles for auction, there's no single reason for vehicles being brought to auction. Some of the vehicles are confiscated due to the former owner's involvement in drug dealing, smuggling, or fraud, while other vehicles were simply just abandoned. On exception, separate auctions will sometimes be held for very large seizures.
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We created a solution for law enforcement agencies nationwide. We pick-up all those seized, stolen, abandoned and surplus goods out of their Property Room, open up their public auctions nationwide and send back proceeds to the local communities. That’s also where we got our name – the Property & Evidence Room is where all these goods are stored at your local law enforcement agencies. We just shortened it to just PropertyRoom.com.
By the end of the 18th century, auctions of art works were commonly held in taverns and coffeehouses. These auctions were held daily, and auction catalogs were printed to announce available items. In some cases these catalogs were elaborate works of art themselves, containing considerable detail about the items being auctioned. At this time, Christie's established a reputation as a leading auction house, taking advantage of London's status as the major centre of the international art trade after the French Revolution.
Heard the promises of $100 retired military Jeeps and $500 luxury cars confiscated in drug raids? You've likely seen the newspaper ads, flyers and infomercials that were so popular in recent years as part of get-rich-quick schemes, promising to show us how to buy luxury automobiles at a small fraction of their real worth through government auctions.
YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. These factors are similar to those you might use to determine which business to select from a local Yellow Pages directory, including proximity to where you are searching, expertise in the specific services or products you need, and comprehensive business information to help evaluate a business's suitability for you. “Preferred” listings, or those with featured website buttons, indicate YP advertisers who directly provide information about their businesses to help consumers make more informed buying decisions. YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. 

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Once a car has served its time, it’s stripped of all its Police markings, siren, radio, gun box and serviced, before going under the hammer. These vehicles may have done more miles than your average family runabout but, Police Cars are kept in tip-top condition. No expense is spared in keeping these motors immaculate and they receive the best parts, tyres, even oil.

... Back and Zender (1993) andWang and Zender (2002)illustrate the nature of these equilibria and discuss the difficulties associated with drawing sharp comparisons across the pricing rules. 1 Empirically, there are limited and conflicting results concerning the relative attractiveness of the different auction formats (compare Simon (1992) to Umlauf (1993) andTenorio (1993)). In practice, even in the relatively simple realm of government debt auctions, different countries use different types of auctions (seeBrenner, Galai, and Sade (2009)). The importance of effective governmental borrowing in the remedies to the world financial crisis serves as a reminder of the importance of developing our understanding of this important market mechanism. ...
The 18 City of Los Angeles Official Police Garages (OPGs) hold Lien Sales Auctions. The auctions are open to the public. All vehicles are sold "AS IS, WHERE IS" and with all faults. Seller makes no warranty or refunds. Vehicles are sold in an open competitive bid auction. The highest bidder is the buyer. The auctioneer reserves the right to reject any bid or stop the sale of a vehicle. In the event of a dispute, the auctioneer's decision will be final.
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Due to the various governmental units that supply the vehicles for auction, there's no single reason for vehicles being brought to auction. Some of the vehicles are confiscated due to the former owner's involvement in drug dealing, smuggling, or fraud, while other vehicles were simply just abandoned. On exception, separate auctions will sometimes be held for very large seizures.

Internet auctions typically last seven days, and operate like eBay auctions. Each listing links to the auction house website where bids can be placed. From that site, bidders are asked to register in order to bid on a vehicle. Live auctions are public auctions held at a specific date and location and are usually published in newspapers in addition to the online listing at GovSales.
Treasury Bills Auctions are typically held every Tuesday and successful bids are settled on the following Thursday on a T+2 settlement cycle. When the auction date, or the settlement date, or any day in between the auction date and the settlement date falls on a non-business day, the auction takes place on the first business day of the same week and settled on a T+2 basis.
I returned home wishing I had never gone to this auction, because as someone trying to get over his junky-vehicle hoarding tendencies, I’m not strong enough to handle this kind of temptation. Sure, many of these cars were junk, but they were dirt cheap. And since most were impounded for some sort of driving infraction, there’s a decent chance they move under their own power.
The relationship between the Fed and the primary dealers is governed by the Primary Dealers Act of 1988 and the Fed's operating policy "Administration of Relationships with Primary Dealers."[6] Primary dealers purchase the vast majority of the U.S. Treasury securities (T-bills, T-notes, and T-bonds) sold at auction, and resell them to the public. Their activities extend well beyond the Treasury market. For example, according to the Wall Street Journal Europe (2/9/06 p. 20), all of the top ten dealers in the foreign exchange market are also primary dealers, and between them account for almost 73% of foreign exchange trading volume. Arguably, this group's members are the most influential and powerful non-governmental institutions in global financial markets. Group membership changes slowly, with the current list available from the New York Fed.[2] 

Shortly before the start of a new quarter, the Dutch State Treasury Agency (DSTA) announces the issuance calendar for the new quarter. The press release states the bonds and bills that will be issued, the dates of issuance and, for bonds, it contains an indication of the target amounts to be raised. In December the DSTA announces its overall funding plan for the coming year, which is updated in January and on a quarterly basis.
Many financial assets, especially government bonds, are issued by an auction mechanism. An important feature of the design is the auction pricing mechanism: Uniform vs. Discriminatory. Theoretical papers do not provide a definite answer regarding the preference of one mechanism over the other. Experimental papers investigated the issue under an exogenous equal number of bidders. We investigate ... [Show full abstract]View full-text
Removal of all items shall be the sole responsibility of the purchaser. Loading assistance is provided as a courtesy; however, purchaser assumes all risk and responsibility for loading and removal of purchases. Auctioneer reserves the right to require proof of adequate insurance coverage from any purchaser items requiring dismantling, rigging or hot cutting. Purchaser agrees to indemnify and save harmless both, consignor and Auctioneer, its officers, directors, employees, agents, and attorneys against any damage caused by the acts of purchaser. All items must be removed from the auction facility within 2 days after the auction date. If for any reason purchaser fails to remove any purchase within the time specified, the purchase shall be deemed abandoned, and Auctioneer at its sole discretion may resell the items. Purchaser shall be liable for any rent incurred or damages suffered by Auctioneer because of purchaser’s failure to remove any item. Failure to remove items will result in a rental / storage fee of not less than $25 per item per day.
The New York City Police Department regularly holds online auctions to dispose of seized, unclaimed property and vehicles. The Property Clerk Division works with an outside auctioneer, called Property Room, which specializes in items seized by law enforcement agencies across the country. Online auctions include many high-end items, such as jewelry, rare coins, brand-name clothing, and consumer electronics. Vehicles are also available. Participation in online auctions is free and open to the general public.
Internet auctions typically last seven days, and operate like eBay auctions. Each listing links to the auction house website where bids can be placed. From that site, bidders are asked to register in order to bid on a vehicle. Live auctions are public auctions held at a specific date and location and are usually published in newspapers in addition to the online listing at GovSales.
GAUK Police Auctions & Sales category lists everything you need in an easy to read page outlining all the details of Police Auctions within the UK. In an attempt to stop the lost and found departments becoming crammed and to reduce the number of items stored in the Police Property Store UK police forces sell consignments of stolen and recovered and seized goods through a Police Auction. These sales include vehicles, bicycles, clothing, electronics, furniture and many other items, which end up in the police property room.
In order to appeal the decision to seize your goods, you will want to write out a Notice of Claim and hand in the appeal personally. Only the individual who owned the goods at the time of seizure is allowed to appeal the decision to seize them. It is well within your right to appeal the decision to take the goods or merchandise you owned while, at the same time, requesting that Customs return the items to you.
The Federal Reserve, also known as the Fed, is the central bank of the United States, and it monetizes U.S. debt when it buys U.S. Treasury bills, bonds, and notes. When the Federal Reserve purchases these Treasurys, it doesn't have to print money to do so. It issues credit to the Federal Reserve member banks that hold the Treasurys and then it puts them on its own balance sheet. It does this through an office at the Federal Reserve Bank of New York. Everyone treats the credit just like money, even though the Fed doesn't print actual cash.
There are many thousands of such court orders issued each year, and items that can't be returned to their legal owner are auctioned off at local auction houses all over the UK. Police auctions are an established route used by regional police forces across the country to dispose of proceeds of crime, lost and found, seized, and unclaimed stolen and confiscated property.
Participants in any Treasury auction consist of small investors and institutional investors who submit bids categorized as either competitive or non-competitive tenders. Non-competitive tenders are submitted by smaller investors who are guaranteed to receive bills, but they won’t know what discount rate they will receive until the auction closes. In effect, these investors receive no guarantee on the price or discount received. An investor who submits a non-competitive bid agrees to accept whatever discount rate is decided at the auction, determined by the competitive side of the auction which is handled as a Dutch auction. The minimum non-competitive tender for a Treasury bill is $10,000. The non-competitive closing time for bills is normally 11:00 a.m. Eastern Time on auction day. 
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