Federal government auctions. Federal government car sales were once handled by the agency that had the vehicles to auction. For example, the DEA auctioned off both fleet vehicles and cars that were been seized from drug dealers and other criminals. Fleet vehicles are the cars that DEA agents drive as company vehicles. There are numerous agencies that auction vehicles. Recently these vehicles and auctions have been consolidated under a single website. GovSales consolidates numerous government auctions under one roof. It is easy to search by product type as well as type of vehicle. It shows what state the vehicle is located in as well as any available information. Photos are sometimes available, but not always. It often provides links to other sites that have additional information
Some items are being offered for sale to out of state or out of country bidders. Bidders are hereby notified that a VIN Stop has been filed with California DMV prohibiting the vehicle/equipment from being registered in California. Purchaser will be required to sign an ARB Out-of-State Verification Form acknowledging their intent to move the vehicle/equipment out of California, and an Out-of-State Sales Agreement indicating that the Buyer will inform future buyers that the vehicle cannot be registered and operated in California unless compliant with Section 2022.1(b). Bidders purchasing Out-of-State items must be registered as an out of State buyer with Bar None Auction prior to bidding.
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]
We will be auctioning LIVE @ 10:30 AM approx. 80 vehicles for the City of Norfolk Police, Towing & Recovery. City of Norfolk Auction Rules for Prospective BuyersPre-registration begins at 9:30AM, gates open at 10:00AM, and bidding starts at 10:30AM. There is a $100.00 (CASH) deposit registration that is fully refundable at the end of the auction (with bidder   [ View Full Listing ]
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.
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!

Buyout auction is an auction with an additional set price (the 'buyout' price) that any bidder can accept at any time during the auction, thereby immediately ending the auction and winning the item.[29] If no bidder chooses to utilize the buyout option before the end of bidding the highest bidder wins and pays their bid.[29] Buyout options can be either temporary or permanent.[29] In a temporary-buyout auction the option to buy out the auction is not available after the first bid is placed.[29] In a permanent-buyout auction the buyout option remains available throughout the entire auction until the close of bidding.[29] The buyout price can either remain the same throughout the entire auction, or vary throughout according to rules or simply as decided by the seller.[29]
Bid NOW http://baileyshonor.com/auctions/2019/OL190321/details.htm Over 70 pieces of Roseville Pottery, 25 lots of vintage colored plastic table top radios and transistors, Over 35 lots of antique and vintage clocks (mantle and alarm), nice painted primitive cupboards and cabinets including corner cabinets and pie safe, Shaker and Deacon benches, Hoosier style kitchen cupboards, 60" HD 3D   [ View Full Listing ]

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.

At Speed’s Towing Auction we have vehicles that come from multiple sources. Some of our vehicles have been donated from private parties, Oregon charities, and that have been impounded. By clicking on the Auction List tab, you can see our new list of vehicles each week. Each vehicle has a picture and more detailed information so that you can get a better idea of what you are bidding on, including the make and model of the vehicle, the year it was made, the VIN #, how much mileage it has, and information on the title. To get a closer look, click on the picture to enlarge it.
Going, going, gone! Live auctions are always exciting and entertaining whether you're the bidder or not, and government auctions are no exception. Make sure you don't miss your cue to bid. If you're not clear on how bidding progresses, ask one of the auction company officials. Some items will have an undisclosed set minimum bid (reserve), while most items will be offered without reserve. Most auctions will also accept in-absence, written bids if the bidder follows special procedures and the bid is received more than a day before the 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.

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] 

People that are looking for value prices on quality new and used goods can now search, bid, and buy products at a government auction anywhere in the country. Locating a government auction is the only challenge many consumers find. However, a number of companies exist today that provide website links, auction listings and updated details of what is being sold when, where, and how.


Occasionally the police may want to hold onto the goods if they suspect them to be stolen or suspect that the owner can be traced. The legal owner can claim their goods back up to one year after they have been handed over. If the police have handed the items to the finder they must retain them for a year. If the goods are found by the Police they can be disposed of at the discretion of the Chief Constable. 
Pay and pickup. Generally, for transactions of $5000 or less, the full payment is due by the end of the day of sale, whereas for higher sale amounts a large-sum deposit might be required. Payment policies should have been outlined at the time of registration, but contact the auction company for more information. Most vehicles will be released on the day of sale, but in some cases a background check of the buyer will be required to be sure they are not the former owner buying the car back.
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!

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
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 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).
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.

... 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. ...
This is the practice, especially by high-end art auctioneers,[64] of raising false bids at crucial times in the bidding in order to create the appearance of greater demand or to extend bidding momentum for a work on offer. To call out these nonexistent bids auctioneers might fix their gaze at a point in the auction room that is difficult for the audience to pin down.[65] The practice is frowned upon in the industry.[65] In the United States, chandelier bidding is not illegal. In fact, an auctioneer may bid up the price of an item to the reserve price, which is an unstated amount the consignor will not sell the item for. However, the auction house is required to disclose this information.
Police Auctions are a time-proven and established route used by Police forces across the country to dispose of proceeds of crime, lost and found, seized, unclaimed stolen and confiscated property. Police sales are held on a regular basis at auction houses and venues all over the UK. Our comprehensive Police Auction database covers ALL sales going on right now and details hundreds of auction lots every, single day. GAUK Police Auctions section shares with you ‘insider’ information on all the events!
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