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.
Auction includes over 1,000 items from State and Federal agencies, abandoned safe deposit boxes, unredeemed pledged assets from various Financial Institutions, several business inventory liquidations, several estates and other consignors. Auction will feature collectible coins & currency, rare art, fine jewelry, luxury watches, sports memorabilia, rugs, electronics, all types of collectibles & much more!
The word "auction" is derived from the Latin augeō, which means "I increase" or "I augment". For most of history, auctions have been a relatively uncommon way to negotiate the exchange of goods and commodities. In practice, both haggling and sale by set-price have been significantly more common. Indeed, before the seventeenth century the few auctions that were held were sporadic.
... The two auctions differ in terms of payment: In the pay-as-bid auction, bidders pay their actual bids. In the uniform-price auction, bidders pay the market-clearing price for all units won. 2 This paper compares these two commonly 1 In the Omnibus Budget Reconciliation Act of 1993, which authorized spectrum auctions, the U.S. Congress established the " efficient and intensive use of the electromagnetic spectrum " as a primary objective of U.S spectrum auctions (47 U.S.C. § 309(j)(3)(D)). 2 The cross-country study on Treasury practices by Brenner,Galai and Sade (2009)reports that, out of the 48 countries surveyed, 24 use a pay-as-bid auction to finance public debt, 9 use a uniform-price auction, and 9 employ both auction formats, depending on the type of security being issued; the remaining 6 use a different mechanism. In the United States, the Treasury has been using the pay-as-bid auction to sell Treasury bills since 1929 and to issue notes and bonds since the 1970s. ...
As you browse the government auction sites above, you'll notice some link you to additional sites run by private contractors. These contractors have legitimate relationships with the government, but bidder beware: other private companies will try to make their auctions seem like government auctions as a marketing ploy. Always start with the legitimate links provided by the government itself. Good luck!
Law enforcement has the ability to seize or confiscate the property of criminals, or property used by criminals or their associates for the purpose of conducting illegal activity. For example, a person convicted of drug trafficking or the selling of stolen property will forfeit their vehicles and any other property that is used to perpetuate illegal activity or was obtained by the proceeds of that illegal activity. When a vehicle is seized, it's held by the agency until the time of auction.
... Bourjade (2009) modified the uniform-price auction rules in allowing the seller to ration bidders and proved that this rules provide a strategic foundation for underpricing when the seller has an interest in ownership dispersion and then many of the so-called "collusive-seeming" equilibria disappear. Brenner et al. (2009) investigated the revealed preferences of the issuers by surveying the sovereign issuers that conduct auctions and found that the majority of the issuers/countries in our sample use a discriminatory auction mechanism for issuing government debt, and they also concluded that market-oriented eco- Technological and Economic Development of Economy, 2015, 21(1): 96-117 nomies 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. Holmberg (2009) characterized the Nash equilibrium in a pay-as-bid, divisible-good, pro- curement auction, and compared the offer curves and mark-ups of the derived equilibrium to the results for the SFE of a uniform-price auction. ...
LIVE AUCTION! VINTAGE MOTORCYCLES, CARS! OVER 20 CLASSIC VEHICLES SELL REGARDLESS OF PRICE! HARLEY DAVIDSON, BSA, MOTO GUZZI, CUSHMAN, CUSTOM CHOPPERS, FORD THUNDERBIRD, CHEVY CORVETTE, CROSLEY, CHEVY TRUCK, FORD BRONCO ONLINE BIDDING IS NOW OPEN! OR BID LIVE IN-PERSON AT OUR PHOENIX WAREHOUSE! SATURDAY MARCH 23RD AUCTION PREVIEW 9:00 AM AUCTION START 10:00 AM ONLINE [ View Full Listing ]
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.
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.