Competitive bidders are not guaranteed to receive securities as bid approval depends on the discount yields that are submitted. A competitive tender is submitted by bigger investors, such as institutional investors. Each bidder is limited to 35% of the amount of the offering per bill auction. Each bid submitted specifies the lowest rate or discount margin that the investor is willing to accept for the debt securities. The bids with the lowest discount rate will be accepted first. The lowest discount rate which meets the supply of debt being sold serves as the “winning” yield or the highest accepted yield, after all non-competitive bids have been subtracted from the total amount of securities offered. All investors who bid at or above the level of the winning yield receives securities with this discount rate. All bidders, competitive and non-competitive, will receive this yield.
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.
Policeauctions.com is run by a private company and is not affiliated with the government. It provides information and links to government-run auctions, but the site itself is part of the wholesale liquidation auction market. Items are sold as is and sometimes there are fees. You have to register to bid and get information, but it doesn’t cost anything to join the site.
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 ]
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.