A ring can also be used to increase the price of an auction lot, in which the owner of the object being auctioned may increase competition by taking part in the bidding him or herself, but drop out of the bidding just before the final bid. In Britain and many other countries, rings and other forms of bidding on one's own object are illegal. This form of a ring was used as a central plot device in an episode of the British television series Lovejoy (series 4, episode 3), in which the price of a watercolour by the (fictional) Jessie Webb is inflated so that others by the same artist could be sold for more than their purchase price.
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.
All items are sold “AS IS-WHERE IS” without any guarantees or warranty expressed or implied, statutory or otherwise of any nature whatsoever in respect of the lots offered at the auction. Specifically, but without limitation, Auctioneer makes no representation or warranty that any of the lots conform to any standard in respect of safety, pollution or hazardous material, or fit for any particular purpose. The Auctioneers, sellers, or any member of their staff make no guarantee as to the authenticity, of any particular age, year of manufacture, model, make, mileage, hours, condition, or defect of any lot or item being sold. Bidders are encouraged to make their own physical inspection and rely solely on that inspection before bidding. Failure to inspect does not negate that Bidders responsibility to perform under the auction terms and conditions.

There will usually be an estimate of what price the lot will fetch. In an ascending open auction it is considered important to get at least a 50-percent increase in the bids from start to finish. To accomplish this, the auctioneer must start the auction by announcing a suggested opening bid (SOB) that is low enough to be immediately accepted by one of the bidders. Once there is an opening bid, there will quickly be several other, higher bids submitted. Experienced auctioneers will often select an SOB that is about 45 percent of the (lowest) estimate. Thus there is a certain margin of safety to ensure that there will indeed be a lively auction with many bids submitted. Several observations indicate that the lower the SOB, the higher the final winning bid. This is due to the increase in the number of bidders attracted by the low SOB.

Shortly before the start of a new quarter, the Dutch State Treasury Agency (DSTA) announces the issuance calendar for the new quarter. The press release states the bonds and bills that will be issued, the dates of issuance and, for bonds, it contains an indication of the target amounts to be raised. In December the DSTA announces its overall funding plan for the coming year, which is updated in January and on a quarterly basis.
FURNITURE * GLASS, CHINA & POTTERY * STERLING * JEWELRY * TOYS * HUMMELS * CLOCKS * COUNTRY COLLECTIBLES *  ETC. (Viewing 8 - 9:30AM Day of Auction). This Auction is comprised of the Antiques & Collectibles consigned from 20 Estates, Trusts, Homes & other lots.  Partial list inc:  FURNITURE:  Pine hutch, pine chest on chest, stretcher base tap table, pine   [ View Full Listing ]
PLEASE READ THESE TERMS OF SALE CAREFULLY, AS THEY HAVE BEEN RECENTLY UPDATED.  THIS IS AN INTERNET-ONLY AUCTION!  AUCTION CLOSING DATE: Tuesday, March 19th, beginning at 11:07 am Bidding closes on the first item at 11:07 am, then closes at the rate discussed in these Terms and Conditions of Sale.  INSPECT: Thursday, March 14th, 10 am - 2   [ View Full Listing ]
Treasury Department Auctions:  The other agency very active in holding auctions is the Treasury Department, with roughly 300 sales per year. Treasury often offers in-person previews in California, Florida, New Jersey and Texas. Treasury auctions off "property forfeited as a result of violations of federal law enforced by the Department of Treasury or nonpayment of Internal Revenue Service taxes," according to its website. There are many categories of goods, including concrete items like antiques and coins but also less tangible property like stocks and patents.
The District of Columbia now auctions its surplus property online through GovDeals, a Liquidity Services, Inc. marketplace. The district awarded the contract for the management of the inventory, appraisal, sale and shipping of the city's surplus property to Liquidity Services Inc. LSI conducts auctions of city assets such as vehicles, police automobile accessories, computer equipment, radios and other communications equipment, office furniture and other supplies through its online marketplace. The auctions are expected to improve data tracking and financial oversight of the city's surplus asset disposition activities.
Senior auction is a variation on the all-pay auction, and has a defined loser in addition to the winner. The top two bidders must pay their full final bid amounts, and only the highest wins the auction. The intent is to make the high bidders bid above their upper limits. In the final rounds of bidding, when the current losing party has hit their maximum bid, they are encouraged to bid over their maximum (seen as a small loss) to avoid losing their maximum bid with no return (a very large loss).
Combinatorial auction is any auction for the simultaneous sale of more than one item where bidders can place bids on an "all-or-nothing" basis on "packages" rather than just individual items. That is, a bidder can specify that he or she will pay for items A and B, but only if he or she gets both.[30] In combinatorial auctions, determining the winning bidder(s) can be a complex process where even the bidder with the highest individual bid is not guaranteed to win.[30] For example, in an auction with four items (W, X, Y and Z), if Bidder A offers $50 for items W & Y, Bidder B offers $30 for items W & X, Bidder C offers $5 for items X & Z and Bidder D offers $30 for items Y & Z, the winners will be Bidders B & D while Bidder A misses out because the combined bids of Bidders B & D is higher ($60) than for Bidders A and C ($55). 

... 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. ... 

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.
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.
You shouldn’t notice any difference and the link will never negatively impact the product. Plus the editorial line (the things we write) is NEVER impacted by these links. We aim to look at all available products. If it isn't possible to get an affiliate link for the top deal, it is still included in exactly the same way, just with a non-paying link. For more details, read How This Site Is Financed.

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.

The objective of this paper is to investigate the preferences ofpotential bidders in choosing between uniform and discriminatory auctionpricing methods. Many financial assets, particularly government bonds,are issued in an auction. Uniform and discriminatory pricing constitutethe two most popular mechanisms used in public auctions. Theoreticalpapers have not been able to provide an unequivocal ... [Show full abstract]Read more
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.
DATE COUNTRY AUCTION DETAILS 7-Jan Norway Auction of Treasury bills 7-Jan Netherlands DTC Auction 8-Jan United States Sale of 3-year notes 8-Jan Japan 3-month discount bill auction 8-Jan Japan Auction of 10-year government bonds 8-Jan Belgium Auction of Treasury bills 8-Jan Netherlands DSL Auction 9-Jan United States Sale of 10-year notes 9-Jan Japan 6-month discount bill auction 9-Jan Sweden Auction of Treasury bills 10-Jan United States Sale of 30-year bond 10-Jan Japan Auction of 30-year government bonds 10-Jan Italy Bills auction 11-Jan Japan 3-month discount bill auction 11-Jan Italy Medium-long term auction 15-Jan Belgium Auction of Treasury bills 16-Jan Japan Auction of 5-year government bonds 16-Jan Sweden Auction of government bonds 16-Jan Norway Auction of Treasuries 17-Jan Japan 1-year discount bill auction 18-Jan Japan 3-month discount bill auction 21-Jan Norway Auction of Treasury bills 21-Jan Belgium OLO Auction 21-Jan Netherlands DTC Auction 24-Jan Japan Auction of 20-year government bonds 24-Jan Sweden Auction of inflation-linked government bonds 25-Jan Japan 3-month discount bill auction 25-Jan Italy CTZ/BTPi auction 28-Jan United States Sale of 2-year notes 28-Jan United States Sale of 5-year notes 29-Jan United States Sale of 2-year floating rate notes 29-Jan United States Sale of 7-year notes 29-Jan Japan Auction of 40-year government bonds 29-Jan Italy Bills auction 30-Jan Sweden Auction of government bonds 30-Jan Italy Medium-long term auction 30-Jan Norway Auction of Treasuries 31-Jan Japan 2-year discount bill auction 1-Feb Japan 3-month discount bill auction 4-Feb Norway Auction of Treasury bills 4-Feb Netherlands DTC Auction 5-Feb United States Sale of 3-year notes 5-Feb Japan Auction of 10-year government bonds 5-Feb Belgium Auction of Treasury bills 6-Feb United States Sale of 10-year notes 6-Feb Sweden Auction of Treasury bills 7-Feb United States Sale of 30-year bond 7-Feb Japan 6-month discount bill auction 7-Feb Japan Auction of 30-year government bonds 7-Feb Sweden Auction of inflation-linked government bonds 8-Feb Japan 3-month discount bill auction 12-Feb Italy Bills auction 12-Feb Belgium Auction of Treasury bills 13-Feb Italy Medium-long term auction 13-Feb Japan Auction of 5-year government bonds 13-Feb Sweden Auction of government bonds 13-Feb Norway Auction of Treasuries 15-Feb Japan 3-month discount bill auction 15-Feb Japan Auction of 10-year Inflation-Indexed Bonds 18-Feb Norway Auction of Treasury bills 18-Feb Netherlands DTC Auction 19-Feb Japan 1-year discount bill auction 19-Feb Japan Auction of 20-year government bonds 20-Feb United States Sale of 2-year floating rate notes 21-Feb Sweden Auction of inflation-linked government bonds 22-Feb Italy CTZ/BTPi auction 22-Feb Japan 3-month discount bill auction 25-Feb United States Sale of 2-year notes 25-Feb United States Sale of 5-year notes 26-Feb United States Sale of 7-year notes 26-Feb Italy Bills auction 27-Feb Italy Medium-long term auction 28-Feb Japan 2-year discount bill auction

Bids can be made online for Internet auctions, or in person for live auctions. Accepted forms of payment typically are major credit cards and checks, and payment is due at the time of the close of the auction. Details may vary among auction houses and the state the auction is held in. As with all auctions, the vehicle is sold to the highest bidder.
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.

In order to appeal the decision to seize your goods, you will want to write out a Notice of Claim and hand in the appeal personally. Only the individual who owned the goods at the time of seizure is allowed to appeal the decision to seize them. It is well within your right to appeal the decision to take the goods or merchandise you owned while, at the same time, requesting that Customs return the items to you.


Buying the confiscated goods either from the TSA or individual states is done in auctions 90% of the time. Some confiscated items are put up directly for sale though, and you can find it on the websites for direct purchase. The state surplus auctions are held regularly, and if you're planning to show up for it, it's definitely best to check if you have to register beforehand. Several states require this.
... cdebt.treas.gov 2 Krishna (2002), among others, analyzes the uniform auction in which the uniform price is the highest losing bid, the multi-unit version of a second price auction. We analyze the uniform auction with the price set to the lowest winning bid because that is what Treasuries use; it is the multi-unit version of the first-price auction. Brenner et al (2009) surveyed 48 countries, of which 24 used the discriminatory format and 9 the uniform format. tion, which in turn is higher than the low bid in the uniform auction. For both auction formats, bidders shade their bids with respect to the expected value of the good, conditional on the signal observation, for all signals but the lowest. We ch ...

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]
The General Service Administration is the biggest national sales agency and you can check out fleet sale cars and trucks on their website. Online versions of the auction can be located through the GovSales website. Finding former police cars for sale is down to how often those local auctions are held, but you can also try eBay Motors. Government car auctions are there in the motors section for you to search through. You can search by ZIP code, type of car, miles from your destination or make and model of the car you require.
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. 
Many financial assets, especially government bonds, are issued by an auction. An important feature of the design is the auction pricing mechanism: uniform versus discriminatory. Theoretical papers do not provide a definite answer regarding the dominance of one type of auction over the other. We investigate the revealed preferences of the issuers by surveying the sovereign issuers that conduct auctions. We find that the majority of the issuers/countries in our sample use a discriminatory auction… CONTINUE READING
Auctioneers are normally contracted by the different organisations within their local area. An auction at the centre of London for example, will deal with the assets of companies whose bankruptcy proceedings are being dealt with by courts in Greater London. An auction in Leeds will handle the assets of companies in Yorkshire that are being dealt with by Leeds City Court.
We created a solution for law enforcement agencies nationwide. We pick-up all those seized, stolen, abandoned and surplus goods out of their Property Room, open up their public auctions nationwide and send back proceeds to the local communities. That’s also where we got our name – the Property & Evidence Room is where all these goods are stored at your local law enforcement agencies. We just shortened it to just PropertyRoom.com.
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.
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