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.
... 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. ...
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.
When you’re in need of a reasonably priced used car, your best and easiest solution is to come to one of our used car auction events — either in person or online. Because our inventory is always being updated, there are lots of options available. Plus, because our prices are so good, you can save a great deal. At our auctions, we sell hundreds of cars for less than $1000 and are always open to the public — the bargains are just waiting for you.
Dutch auction also known as an open descending price auction. 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. 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. 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.) In addition to cut flower sales in the Netherlands, Dutch auctions have also been used for perishable commodities such as fish and tobacco. The Dutch auction is not widely used, except in market orders in stock or currency exchanges, which are functionally identical.
2. Know what car you're looking for You can find a list of what’s for sale online, either at Govsales.gov (if it’s a federal police auction) or through your local agency/county/department (just Google it). You need to have a decent idea of what you’re wanting to pick up, or you won’t have time to properly vet everything, which could get messy. See above.
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.
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
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.
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.
Private sources. In addition to these free government sites, you can use private sites. These sites provide information about federal and local government auctions. Gov-Auctions gives you access to both federal and state auctions. The sites charge a one-time fee of $39.00 for access to their information. Having all auctions on one site can be helpful. If you are launching a serious car search or buy auction cars on a frequent basis, paying to use this site might make financial sense
One way the federal government finances its activities is by the sale of marketable Treasury bills, notes, bonds, Floating Rate Notes (FRNs), and Treasury Inflation-Protected Securities (TIPS) to the public. Marketable securities can be bought, sold or transferred after they are originally issued. Treasury uses an auction process to sell marketable securities and determine their rate, yield, or discount margin. The value of Treasury marketable securities fluctuates with changes in interest rates and market demand. You can participate in an auction and purchase bills, notes, bonds, FRNs, and TIPS directly from the Treasury or you can purchase them through a bank or broker. Marketable securities held in your account can be sold at current market prices through brokers and many financial institutions.