The first known auction house in the world was Stockholm Auction House, Sweden (Stockholms Auktionsverk), founded by Baron Claes Rålamb in 1674.[12][13] Sotheby's, currently the world's second-largest auction house,[12] was founded in London on 11 March 1744, when Samuel Baker presided over the disposal of "several hundred scarce and valuable" books from the library of an acquaintance. Christie's, now the world's largest auction house,[12] was founded by James Christie in 1766 in London[14] and published its first auction catalog in that year, although newspaper advertisements of Christie's sales dating from 1759 have been found.[15]
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.
Silent auction is a variant of the English auction in which bids are written on a sheet of paper. At the predetermined end of the auction, the highest listed bidder wins the item.[43] This auction is often used in charity events, with many items auctioned simultaneously and "closed" at a common finish time.[43][44] The auction is "silent" in that there is no auctioneer selling individual items,[43] the bidders writing their bids on a bidding sheet often left on a table near the item.[45] At charity auctions, bid sheets usually have a fixed starting amount, predetermined bid increments, and a "guaranteed bid" amount which works the same as a "buy now" amount. Other variations of this type of auction may include sealed bids.[43] The highest bidder pays the price he or she submitted.[43]

Age and nationality requirements. A bidding individual must be at least 18 years old to participate in government car sales. Unlike private auctions, which sometimes require a license to bid, a government car auction is generally open to the public. No special license is needed. However, in order to transact business with the federal government, a social security number or tax identification number is needed. If purchasing the vehicle for a company, then a Power of Attorney certificate is required

14-Mar Japan 3-month discount bill auction 18-Mar Norway Auction of Treasury bills 18-Mar Belgium OLO Auction 18-Mar Netherlands DTC Auction 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 State of Georgia primarily offers surplus state property to the public through internet auction providers. Click on the square below to see property that is currently being offered on each site. To place bids on these auction sites, you must first set up a user account. To set up a user account, click on the desired auction site under Areas of Focus and follow the sites' instructions.
26-Mar Italy CTZ/BTPi auction 26-Mar Japan Auction of 40-year government bonds 26-Mar Germany Auction of 2-year Treasury notes 27-Mar United States Sale of 2-year floating rate notes 27-Mar United States Sale of 5-year notes 27-Mar Italy Bills auction 27-Mar Sweden Auction of government bonds 27-Mar Norway Auction of Treasuries 27-Mar Germany Auction of 10-year Federal bonds 28-Mar United States Sale of 7-year notes 28-Mar Italy Medium-long term auction 28-Mar Japan Auction of 2-year government bonds 1-Apr Japan Auction of 10-year government bonds 2-Apr Belgium Auction of Treasury bills 3-Apr Japan 3-month discount bill auction 3-Apr Japan Auction of 30-year government bonds 3-Apr Sweden Auction of Treasury bills 4-Apr Sweden Auction of inflation-linked government bonds 5-Apr Japan 3-month discount bill auction 8-Apr Norway Auction of Treasury bills 8-Apr France Auction of BTF Treasury notes 9-Apr United States Sale of 3-year notes 9-Apr Japan 6-month discount bill auction 9-Apr Japan Auction of 5-year government bonds 9-Apr Belgium Auction of Treasury bills 10-Apr United States Sale of 10-year notes 10-Apr Sweden Auction of government bonds 10-Apr Norway Auction of Treasuries 11-Apr United States Sale of 30-year bond 11-Apr Italy Bills auction 12-Apr Italy Medium-long term auction 12-Apr Japan 3-month discount bill auction 16-Apr Japan Auction of 20-year government bonds 18-Apr Japan 1-year discount bill auction 18-Apr France Index-linked Securities auction 19-Apr Japan 3-month discount bill auction 23-Apr United States Sale of 2-year notes 23-Apr Japan Auction of 2-year government bonds 24-Apr United States Sale of 2-year floating rate notes 24-Apr United States Sale of 5-year notes 24-Apr Italy Zero Coupon/BTPi auction 24-Apr Sweden Auction of government bonds 25-Apr United States Sale of 7-year notes 26-Apr Italy Bills auction 27-Apr Italy Medium-long term auction 29-Apr Belgium OLO Auction

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.

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.
Middleby Marshall Pizza Oven, Southbend 10 Burner Range, Cold Tech Sandwich Prep Table, Delfield Lowboy, Vulcan Steamer, Dixie Vending Machine, Ugolini Dual Slush Machine, Jackson Dishwasher, True 2 Door Beverage Cooler, Vulcan Flat Grill, Imperial Deep Fat Fryer, Elite Deep Fat Fryer, Fine Ceramic Ware, Robot Coupe Immersion Blender, Generac Generator, Champion Generator, True One Door Cooler,   [ View Full Listing ]
The first known auction house in the world was Stockholm Auction House, Sweden (Stockholms Auktionsverk), founded by Baron Claes Rålamb in 1674.[12][13] Sotheby's, currently the world's second-largest auction house,[12] was founded in London on 11 March 1744, when Samuel Baker presided over the disposal of "several hundred scarce and valuable" books from the library of an acquaintance. Christie's, now the world's largest auction house,[12] was founded by James Christie in 1766 in London[14] and published its first auction catalog in that year, although newspaper advertisements of Christie's sales dating from 1759 have been found.[15]
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.
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. 

Another approach to choosing an SOB: The auctioneer may achieve good success by asking the expected final sales price for the item, as this method suggests to the potential buyers the item's particular value. For instance, say an auctioneer is about to sell a $1,000 car at a sale. Instead of asking $100, hoping to entice wide interest (for who wouldn't want a $1,000 car for $100?), the auctioneer may suggest an opening bid of $1,000; although the first bidder may begin bidding at a mere $100, the final bid may more likely approach $1,000. 

Several years later, liquidators and wholesale merchants reached out to us interested in utilizing our online auction services and platform as a way to liquidate their goods. As one of our goals is to provide great deals to our shoppers we started allowing a few, hand-selected and Trusted ShopKeepers to sell on our site. Now we have even more quality goods from store close-outs or overstock products up for auction.

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.


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.
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.
In an English auction, a dummy bid is a bid made by a dummy bidder acting in collusion with the auctioneer or vendor, designed to deceive genuine bidders into paying more. In a first-price auction, a dummy bid is an unfavourable bid designed so as not to become the winning bid. (The bidder does not want to win this auction, but he or she wants to make sure to be invited to the next auction).
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.
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.
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.
But there is a twist - NO firearms will be auctioned on PropertyRoom.com. Instead they are offered for auction through Federal Firearms Licensed (FFL) partner BudsGunsShop.com on their auction website eGunner.com, a division of BudsGunShop.com. Partnering with an organization like BudsGunShop.com who has over 40 years’ experience in the firearms industry and has sold and shipped over 1 million firearms, ensures that firearms sold will be transferred from FFL to FFL and all legal requirements, including background checks before release, will be completed to the letter of the law.
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]

Reverse auction is a type of auction in which the roles of the buyer and the seller are reversed, with the primary objective to drive purchase prices downward.[41] While ordinary auctions provide suppliers the opportunity to find the best price among interested buyers, reverse auctions give buyers a chance to find the lowest-price supplier. During a reverse auction, suppliers may submit multiple offers, usually as a response to competing suppliers’ offers, bidding down the price of a good or service to the lowest price they are willing to receive. By revealing the competing bids in real time to every participating supplier, reverse auctions promote “information transparency”. This, coupled with the dynamic bidding process, improves the chances of reaching the fair market value of the item.[42]
... Back and Zender (1993) andWang and Zender (2002)illustrate the nature of these equilibria and discuss the difficulties associated with drawing sharp comparisons across the pricing rules. 1 Empirically, there are limited and conflicting results concerning the relative attractiveness of the different auction formats (compare Simon (1992) to Umlauf (1993) andTenorio (1993)). In practice, even in the relatively simple realm of government debt auctions, different countries use different types of auctions (seeBrenner, Galai, and Sade (2009)). The importance of effective governmental borrowing in the remedies to the world financial crisis serves as a reminder of the importance of developing our understanding of this important market mechanism. ...
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.
You could tell that most people knew each other. It felt like these few dozen bidders were part of an exclusive network of junkyard owners and flip-artists who have been bidding on cars against each other for years. Every now and then, when one guy outbid another, you’d see the losing bidder lean over to a friend and talk shit on the winner. “He just buys cars for the sake of buying them. He probably makes no money,” I heard one guy whisper. Police auctions are full of mysteries and secrets.
The money raised from the sale of ex-Police Cars goes back to the police forces selling them. After the auctioneer fee and decommissioning costs it’s considered to be the most cost effective method open to the police when renewing their fleet. This is all good news for the consumer. If you’re willing to overlook some of the cosmetic scarring that can result from decommissioned Police vehicles then you can drive off having made a tidy saving. GAUK Auctions database lists every auctioneer where you can find police cars.
Private treaty sales – Occasionally, when looking at an auction catalogue some of the items have been withdrawn. Usually these goods have been sold by 'private treaty'. This means that the goods have already been sold off, usually to a trader or dealer on a private, behind-the-scenes basis before they have had a chance to be offered at the auction sale. These goods are rarely in single lots – photocopiers or fax machines would generally be sold in bulk lots.
American Range restaurant range Two-door refrigerated sandwich prep table Cornelius Coldshot countertop machine J&J Snack Foods Corp pretzel warmer displays Commercial coffee makers Hatco glo-ray shelving merchandiser Henny Penny commercial breading machine Henny Penny gas pressure fryer US Range salamander broiler Beverage Air three-door refrigerated sandwich prep table Imperial Range   [ View Full Listing ]
All vehicle are for sale by the seller. Speed’s towing Auction or any of it affiliates (Supertow LLC) are not responsible for the listing from the buyer.) All winning bids are a contract, and must be fulfilled by the buyer. All transactions for the sale will be handled by the seller. For more information about any vehicle, please contact the seller.
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!
×