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!
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, 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 word "auction" is derived from the Latin augeō, which means "I increase" or "I augment". For most of history, auctions have been a relatively uncommon way to negotiate the exchange of goods and commodities. In practice, both haggling and sale by set-price have been significantly more common. Indeed, before the seventeenth century the few auctions that were held were sporadic.
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
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.
Private treaty sales – Occasionally, when looking at an auction catalogue some of the items have been withdrawn.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.
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.
The bids with the lowest discount rates will be accepted first since the government will prefer to pay lower yields to investors. In this case, since the Treasury is looking to raise $9 million, it will accept the bids with the lowest rates up to 5.07%. At this mark, only $2 million of the $3 million bid will be approved. All bids above the 5.07% rate will be accepted, and bids below will be rejected. In effect, this auction is cleared at 5.07%, and all successful competitive and non-competitive bidders receive the 5.07% discount rate.
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.
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
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!
Lots at police auctions range from brand new or graded from A down in used condition, or goods may be slightly marked. A good example would be high quality white goods. All items listed in any police auction are available for viewing and inspection prior to the sale. Faulty or damaged goods should be clearly marked, and faults are outlined by the auctioneer during the auction.
Do your research. Check Kelly Blue Book for the proper price for the vehicle, including its mileage and apparent condition. Always downgrade the condition by one ranking for government auctions. Also, do some smart used-car research, such as checking Consumer Reports for reliability and the frequencies of particular repairs, and checking our road test information if it's a recent model vehicle.
... 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. ...
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.
DON’T MISS OUT ON OUR BEAUTIFUL Ole's Ice Cream Parlour and Ottimo Italian Restaurant Equipment Auction Which Features a Blodgett Gas Combi Oven, Titan 60 Quart Mixer, Imperial Gas 4 Burner Range, NEW Master Bilt Ice Cream Merchandiser, NEW True Sandwich Board, SaniServ Frozen Beverage Machines, Franklin Rotisserie, Goshen Air Cooled Ice Cream Machines, 2013 Fricon Ice Cream Freezer [ View Full Listing ]
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.
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 ]
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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. 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. If more bidders attend the auction, a higher price might ultimately be achieved because of heightened competition from bidders. 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, although these practices may be restricted by law in some jurisdictions or under the terms of sale available from the auctioneer.
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.
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.