The Romans also used auctions to liquidate the assets of debtors whose property had been confiscated.[8] For example, Marcus Aurelius sold household furniture to pay off debts, the sales lasting for months.[9] One of the most significant historical auctions occurred in the year 193 A.D. when the entire Roman Empire was put on the auction block by the Praetorian Guard. On 28 March 193, the Praetorian Guard first killed emperor Pertinax, then offered the empire to the highest bidder. Didius Julianus outbid everyone else for the price of 6,250 drachmas per guard,[citation needed] an act that initiated a brief civil war. Didius was then beheaded two months later when Septimius Severus conquered Rome.[8]
People were on their cellphones taking bids from afar, others were desperately eyeing the cars to see if the panels and bumper covers were in decent enough shape to make some cash at the current bidding price. Though there were only a handful of folks at this little auction, the dynamic—the subtle things people did to make sure they made a sound buying decision—was enthralling.
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.
Many financial assets, especially government bonds, are issued by an auction. An important feature of the design is the auction pricing mechanism: Uniform vs. 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.
Due to the various governmental units that supply the vehicles for auction, there's no single reason for vehicles being brought to auction. Some of the vehicles are confiscated due to the former owner's involvement in drug dealing, smuggling, or fraud, while other vehicles were simply just abandoned. On exception, separate auctions will sometimes be held for very large seizures.
PLEASE READ THESE TERMS OF SALE CAREFULLY, AS THEY HAVE BEEN RECENTLY UPDATED.  THIS IS AN INTERNET-ONLY AUCTION!  AUCTION CLOSING DATE: Friday, March 22nd, 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: There is no inspection for   [ View Full Listing ]

The bidding started out fairly tame. Individuals there bought a beat up Impala for $525, a Chevy Astro van for $425, and the shittiest Chrysler PT Cruiser I have ever seen for $300. As for the awesome Ford Escort wagon? Well, it didn’t do so hot, in part, Kevin told me, because it’s so light and has low scrap value, and because parts are in low demand:

Many financial assets, especially government bonds, are issued by an auction. Animportant feature of the design is the auction pricing mechanism: Uniform vs.Discriminatory. Theoretical papers do not provide a definite answer regarding thedominance of one type of auction over the other. We investigate the revealed preferencesof the issuers by surveying the sovereign issuers that conduct auctions. ... [Show full abstract]Read more

If for any reason, Auctioneer is unable to make available or deliver any purchase or clear title to the same, or documentation required in respect of any purchase, whether before or after delivery, Auctioneer’s sole liability shall be the return of monies paid in respect of such purchase upon its return by purchaser. Any such purchase shall be returned or surrendered upon demand by Auctioneer.
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.
Nonetheless, auctions have a long history, having been recorded as early as 500 B.C.[7] According to Herodotus, in Babylon auctions of women for marriage were held annually. The auctions began with the woman the auctioneer considered to be the most beautiful and progressed to the least. It was considered illegal to allow a daughter to be sold outside of the auction method.[6]
On-site auctions – Sometimes when the stock or assets of a company are simply too vast or too bulky for an auction house to transport to their own premises and store, they will hold an auction within the confines of the bankrupt company itself. Bidders could find themselves bidding for items which are still plugged in, and the great advantage of these auctions taking place on the premises is that they have the opportunity to view the goods as they were being used, and may be able to try them out. Bidders can also avoid the possibility of goods being damaged whilst they are being removed as they can do it or at least supervise the activity.
PLEASE READ THESE TERMS OF SALE CAREFULLY, AS THEY HAVE BEEN RECENTLY UPDATED.  THIS IS AN INTERNET-ONLY AUCTION!  AUCTION CLOSING DATE: Friday, March 22nd, 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: There is no inspection for   [ View Full Listing ] 

Several different federal agencies hold government auctions. The General Services Administration is the granddaddy of them all, because it sells on behalf of other departments. When a federal agency no longer needs something — say, a pickup truck — it reports the truck to GSA, which first offers it to other federal agencies and then to state and local governments or nonprofits. If nobody claims the truck, then the GSA auctions it off to the public, and you get your chance at it. 
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 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
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.
Mystery auction is a type of auction where bidders bid for boxes or envelopes containing unspecified or underspecified items, usually on the hope that the items will be humorous, interesting, or valuable.[33][34] In the early days of eBay's popularity, sellers began promoting boxes or packages of random and usually low-value items not worth selling by themselves.[35]
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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