Internet auctions – With a potential audience of millions the Internet is the most exciting part of the auction world at the moment. Led by sites in the United States but closely followed by UK auction houses, specialist Internet auctions are springing up all over the place, selling everything from antiques and collectibles to holidays, air travel, brand new computers, and household equipment.
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.
At Capital Auto Auction, we buy, sell and accept donations of used vehicles of various kinds. Whether it's for cars, boats or fleets of vehicles, we make it our goal to work out arrangements that satisfy both buyers and sellers. Our live auctions take place in four locations: Manchester, New Hampshire; Philadelphia, Pennsylvania; Temple Hills, Maryland; and Washington, DC. Our online auctions make it possible for you to bid on cars from your computer or smartphone. Also, in addition to hosting weekly auctions, we accept vehicles on consignments, doing all the advertising and networking to help you get a car sold.
These programs are meant to benefit taxpayers as a whole, but could they benefit you, the individual taxpayer? Can you bag a bargain at a government auction? "GSA's goal is to maximize return to the federal government," the GSA spokesperson said. So they're not giving this stuff away. In fact, the government sets "reserves" or minimums for the most valuable property it auctions off. But judging from a wide tour of current government auctions and bids, there are still opportunities to walk away with valuable goods for a great price. Here's a look at who's selling what, where, and for how much.
Seized Assets Auctioneers is excited to invite you to bid on our wonderful collection of luxury items. Our auction house is committed to giving you the chance to win lots of amazing items at a fraction of retail cost. Jewelry, currency, art, fashion, cars, and rare memorabilia, WE HAVE IT ALL! Our auctions start every day at 9AM PST! Bid early and bid often!! We'll see you on the auction block!

Government, bankruptcy and general auctions are amongst the most common auctions to be found today. A government auction is simply an auction held on behalf of a government body generally at a general sale. Here one may find a vast range of materials that have to be sold by various government bodies, for example: HM Customs & Excise, the Official Receiver, the Ministry of Defence, local councils and authorities, liquidators, as well as material put up for auction by companies and members of the public. Also in this group you will find auctions ordered by executors who are entering the assets of individuals who have perhaps died in testate (those who have died without leaving a will), or in debt. One of the most interesting bodies to look out for at auction is HM Customs & Excise who may be entering at auction various items seized from smugglers, fraudsters and racketeers.


A ring can also be used to increase the price of an auction lot, in which the owner of the object being auctioned may increase competition by taking part in the bidding him or herself, but drop out of the bidding just before the final bid. In Britain and many other countries, rings and other forms of bidding on one's own object are illegal. This form of a ring was used as a central plot device in an episode of the British television series Lovejoy (series 4, episode 3), in which the price of a watercolour by the (fictional) Jessie Webb is inflated so that others by the same artist could be sold for more than their purchase price.
Charity auctions - Used by nonprofits, higher education, and religious institutions as a method to raise funds for a specific mission or cause both through the act of bidding itself, and by encouraging participants to support the cause and make personal donations.[53] Often, these auctions are linked with another charity event like a benefit concert.[54]
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.
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.

I wasn't aware that the TSA sold all of the stuff it confiscated! That's cheap goods right there! My mom works for a cruise line, and they don't confiscate stuff, but people do tend to forget all kinds of things they bring on the ship, so every once in a while the company has a big flea market available to employees. I find it funny when my mom comes home with watches and bracelets she wouldn't have otherwise bought.
We are a premier full-service private auction company liquidating property seized by police and federal agencies, property from abandoned safe deposit boxes, seized bank assets, bankruptcies, financial institutions, business inventory liquidations, and other consignors. Our firm conducts traditional live auctions throughout the year at various locations across the country, as well as auctions on the Internet. Please see our schedule of upcoming auctions for further details.

Walrasian auction or Walrasian tâtonnement is an auction in which the auctioneer takes bids from both buyers and sellers in a market of multiple goods.[46] The auctioneer progressively either raises or drops the current proposed price depending on the bids of both buyers and sellers, the auction concluding when supply and demand exactly balance.[47] As a high price tends to dampen demand while a low price tends to increase demand, in theory there is a particular price somewhere in the middle where supply and demand will match.[46]
A primary dealer is a firm that buys government securities directly from a government, with the intention of reselling them to others, thus acting as a market maker of government securities. The government may regulate the behavior and number of its primary dealers and impose conditions of entry. Some governments sell their securities only to primary dealers; some sell them to others as well. Governments that use primary dealers include Belgium, Brazil,[1] Canada, China, France, Hong Kong, India, Italy, Japan, Singapore, Spain, the United Kingdom, and the United States.

Many financial assets, especially government bonds, are issued by an auction. Animportant feature of the design is the auction pricing mechanism: Uniform vs.Discriminatory. Theoretical papers do not provide a definite answer regarding thedominance of one type of auction over the other. We investigate the revealed preferencesof the issuers by surveying the sovereign issuers that conduct auctions. ... [Show full abstract]Read more
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.
These programs are meant to benefit taxpayers as a whole, but could they benefit you, the individual taxpayer? Can you bag a bargain at a government auction? "GSA's goal is to maximize return to the federal government," the GSA spokesperson said. So they're not giving this stuff away. In fact, the government sets "reserves" or minimums for the most valuable property it auctions off. But judging from a wide tour of current government auctions and bids, there are still opportunities to walk away with valuable goods for a great price. Here's a look at who's selling what, where, and for how much. 

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
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.
DATE COUNTRY AUCTION DETAILS 19-Mar Japan 1-year discount bill auction 19-Mar Japan Auction of 20-year government bonds 20-Mar Germany Auction of 5-year Federal notes 20-Mar Portugal Auction of Treasury bills 21-Mar Sweden Auction of inflation-linked government bonds 21-Mar France Index-linked Securities auction 21-Mar Spain Bond Auction 22-Mar Japan 3-month discount bill auction 26-Mar United States Sale of 2-year notes
The US Department of the Treasury auctions off “seized and forfeited” general property (fancy a Rolex watch or a Fender guitar?), cars (how about a pimped-out Escalade?) and boats. Visit the Treasury’s website to find more information on where and when these auctions are held, plus sign up for alerts and research how much money items have sold for in the past. In addition, the Treasury has real property (RP) auctions for real estate seized through IRS-Criminal Investigation, Immigration and Customs Enforcement, and the US Secret Service.
The goods found at Police Auction can be brand new or graded from A down in used condition. Goods may be slightly marked a good example would be high quality push-bikes which still retain a good value. All items listed in any Police Auction are available for viewing and inspection prior to the sale. If faulty or damaged the fact is clearly mentioned on the item and faults will be outlined by the auctioneer during the auction. If this is an Online Police Auction the description should be clear and accurate. These auction events are a prime location for bargain hunters. Many of the goods will be sold for extremely low prices and almost always under market value. Remember, these goods are at auction TO BE SOLD, the police forces need to clear their stores regardless of how low the highest bid for the items at the Police Auction.
Consignee and consignor - as pertaining to auctions, the consignor (also called the seller, and in some contexts the vendor) is the person owning the item to be auctioned or the owner's representative,[65] while the consignee is the auction house. The consignor maintains title until such time that an item is purchased by a bidder and the bidder pays the auction house.

This site advertises auctions of seized Real Property for sale throughout the United States and Puerto Rico and includes single and multi-family residences; commercial and residential land; commercial buildings and warehouses; and operating businesses. These properties have been seized and forfeited due to violations of federal laws enforced by the U.S. Department of the Treasury. Participating enforcement agencies include: IRS-Criminal Investigations Division, Immigration and Customs Enforcement, and the U.S. Secret Service. All proceeds from the sale of property are deposited in the U.S. Treasury Asset Forfeiture Fund. This fund helps support continued law enforcement efforts and provide restitution to crime victims.
For more information regarding a specific county’s public auction sale, please view the county tax collector's website for the most accurate and up to date information, or contact the county tax collector's office directly.  Below is a link to each county's treasurer and tax collector website which contains county services and contact information.  Additionally, some counties may also list their sales at "bid4assets."

Dutch auction also known as an open descending price auction.[1] In the traditional Dutch auction the auctioneer begins with a high asking price for some quantity of like items; the price is lowered until a participant is willing to accept the auctioneer's price for some quantity of the goods in the lot or until the seller's reserve price is met.[2] If the first bidder does not purchase the entire lot, the auctioneer continues lowering the price until all of the items have been bid for or the reserve price is reached. Items are allocated based on bid order; the highest bidder selects their item(s) first followed by the second highest bidder, etc. In a modification, all of the winning participants pay only the last announced price for the items that they bid on.[1] The Dutch auction is named for its best known example, the Dutch tulip auctions. ("Dutch auction" is also sometimes used to describe online auctions where several identical goods are sold simultaneously to an equal number of high bidders.[19]) In addition to cut flower sales in the Netherlands, Dutch auctions have also been used for perishable commodities such as fish and tobacco.[2] The Dutch auction is not widely used, except in market orders in stock or currency exchanges, which are functionally identical.[1]
Inspect the vehicles. Attend the preview times (sometimes a day or two before the auction or earlier that day), and check out the vehicles that fit your interest. During these times, you can carefully look at the car's interior and exterior, and you can start the engine but not go out for a test drive. In all cases, the vehicles are sold as-is, so take into account the possibility of costly mechanical problems. The auction company will sometimes provide information only if it's critical to the safety of the vehicle, but all vehicles in these auctions are deemed roadworthy. It might be a good idea to take your trusty mechanic along to the preview so you can get his or her gut feeling about the vehicle.

Pursuant to the Dallas City Charter, all items that exceed $20,000 threshold requires the City of Dallas, City Council approval and will require the bidder to have a hold place on the item(s) purchased for approximately 6 to 8 weeks prior to delivery (Pending city councils approval). In addition, the City of Dallas reserves the right to reject any and all bids.

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.
Buying the confiscated goods either from the TSA or individual states is done in auctions 90% of the time. Some confiscated items are put up directly for sale though, and you can find it on the websites for direct purchase. The state surplus auctions are held regularly, and if you're planning to show up for it, it's definitely best to check if you have to register beforehand. Several states require this.
Additional government sites. There are a few additional sites that can provide tips on government auctions. Guide to Federal Auctions gives a rundown of the various agencies. It provides information about what they sell as well as the departments' websites. GSA supplies information about auction sources. Auctions can be searched by state or auction house
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No-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price.[36][37] From the seller's perspective, advertising an auction as having no reserve price can be desirable because it potentially attracts a greater number of bidders due to the possibility of a bargain.[36] If more bidders attend the auction, a higher price might ultimately be achieved because of heightened competition from bidders.[37] This contrasts with a reserve auction, where the item for sale may not be sold if the final bid is not high enough to satisfy the seller. In practice, an auction advertised as "absolute" or "no-reserve" may nonetheless still not sell to the highest bidder on the day, for example, if the seller withdraws the item from the auction or extends the auction period indefinitely,[38] although these practices may be restricted by law in some jurisdictions or under the terms of sale available from the auctioneer.
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