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]
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 mechanism for issuing government debt. We use a multinomial logit procedure and discriminatory analysis to investigate the mechanism choice. It was interesting to find that market-oriented economies 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.
From our early days as an online police auction site, there was one piece of property & evidence that we did not touch – firearms. However, recently for many states and jurisdictions it has become a requirement, and even mandated, for law enforcement agencies to auction off their seized, forfeited and unclaimed firearms just as they do with other parts of the property and evidence room.
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.
For more information regarding a specific county’s public auction sale, please view the county tax collector's website for the most accurate and up to date information, or contact the county tax collector's office directly.  Below is a link to each county's treasurer and tax collector website which contains county services and contact information.  Additionally, some counties may also list their sales at "bid4assets."
In some countries, such as Australia, auction is a common method for the sale of real estate. Used as an alternative to the private sale/treaty method, where a price is disclosed and offers can be made to purchase the property that price, auctions were traditionally used to sell property that, due to its unique characteristics, was difficult to determine a price for. The law does not require a vendor to disclose their reserve price prior to the auction. During the 1990's and 2000's, auction became the primary method for the sale of real estate in the two largest cities, Melbourne and Sydney. This was largely due to the fact that in a private sale the vendor has disclosed the price that they want, and potential purchasers would attempt to low-ball the price, whereas in an auction purchasers do not know what the vendor wants, and thus need to keep lifting the price until the reserve price is reached.
I returned home wishing I had never gone to this auction, because as someone trying to get over his junky-vehicle hoarding tendencies, I’m not strong enough to handle this kind of temptation. Sure, many of these cars were junk, but they were dirt cheap. And since most were impounded for some sort of driving infraction, there’s a decent chance they move under their own power.
Heard the promises of $100 retired military Jeeps and $500 luxury cars confiscated in drug raids? You've likely seen the newspaper ads, flyers and infomercials that were so popular in recent years as part of get-rich-quick schemes, promising to show us how to buy luxury automobiles at a small fraction of their real worth through government auctions.
Bidding. Get some information about the type of bidding that normally occurs at these auctions. Feel free to ask the consultant about the expected price of a particular vehicle. When the auction starts, raise your hand and registration number card high in the air so the auctioneer can see you. Bids can be in increments of $100, $250 or even $500. This will be up to the auctioneer's discretion. Before bidding, remember that once a bid is made it cannot be withdrawn. Once the bid is won then the bid cards must be immediately filled out and signed. If this is not done then the vehicle can be re-offered. The government can reject any bid

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 ]


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
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.
The process begins several days before the scheduled auction when the Treasury announces the details of the upcoming issue, including the amount to be auctioned and the maturity date. When you participate in an auction, you have two bidding options – competitive and noncompetitive. TreasuryDirect allows noncompetitive bidding only. Noncompetitive bidding is limited to purchases of $5 million per auction. Bidding limits apply cumulatively to all methods (TreasuryDirect, banks, and brokers) that are used for bidding in a single 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]
An announcement is released several days before the bill auction to kickstart the process. The announcement includes information such as the auction date, issue date, amount of security that will be sold, bidding close times, participation eligibility, etc. All auctions are open to the public through Treasury Direct or the Treasury Automated Auction Processing System (TAAPS).
The primary dealers form a worldwide network that distributes new U.S. government debt. For example, Daiwa Securities and Mizuho Securities distribute the debt to Japanese buyers. BNP Paribas, Barclays, Deutsche Bank, and RBS Greenwich Capital (a division of the Royal Bank of Scotland) distribute the debt to European buyers. Goldman Sachs, and Citigroup account for many American buyers. Nevertheless, most of these firms compete internationally and in all major financial centers.
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]
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 at 12:07pm Bidding closes on the first item at 12:07 pm, then closes at the rate discussed in these Terms and Conditions of Sale.  INSPECT: Monday, March 18th 9am to 11am REMOVAL:   [ View Full Listing ]
Internet auctions typically last seven days, and operate like eBay auctions. Each listing links to the auction house website where bids can be placed. From that site, bidders are asked to register in order to bid on a vehicle. Live auctions are public auctions held at a specific date and location and are usually published in newspapers in addition to the online listing at GovSales.
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.

With the upcoming premiere of Baggage Battles, we were inspired to find out how we could score some serious treasures for discounted prices by bidding in auctions -- just like the auctioneers. We discovered that not only can you attend government, airport and freight auctions in person, but also, many happen online! Whether you're looking for an old Toyota, a vintage diamond ring, a super-fast jetski or a new DVD player, these auctions may have a deal for you. Check out these 10 websites that will help you find local auctions or give you the opportunity to place a bid right from the comfort of your living room.
Heard the promises of $100 retired military Jeeps and $500 luxury cars confiscated in drug raids? You've likely seen the newspaper ads, flyers and infomercials that were so popular in recent years as part of get-rich-quick schemes, promising to show us how to buy luxury automobiles at a small fraction of their real worth through government auctions.
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.

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.
I wasn't aware that the TSA sold all of the stuff it confiscated! That's cheap goods right there! My mom works for a cruise line, and they don't confiscate stuff, but people do tend to forget all kinds of things they bring on the ship, so every once in a while the company has a big flea market available to employees. I find it funny when my mom comes home with watches and bracelets she wouldn't have otherwise bought.
You can find out when Treasury securities will be auctioned by viewing the recent announcements of pending auctions. Once an auction is announced, your institution may submit a bid for the security. You may bid directly through TreasuryDirect (except for Cash Management Bills), TAAPS (with an established account), or you can make arrangements to purchase securities through a broker, dealer, or financial institution.
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.
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