Many police forces across the UK sell on loot which they've seized. And because this isn't widely known about – and because the police sell on items they'd otherwise have to store or dispose of – you could bag real bargains. For example, we spotted a kids' bike for 99p (collection only), a classical guitar for £14 (incl delivery) and an Armani watch for £15 (collection only).

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.
Katehakis and Puranam provided the first model[62] for the problem of optimal bidding for a firm that in each period procures items to meet a random demand by participating in a finite sequence of auctions. In this model an item valuation derives from the sale of the acquired items via their demand distribution, sale price, acquisition cost, salvage value and lost sales. They established monotonicity properties for the value function and the optimal dynamic bid policy. They also provided a model[63] for the case in which the buyer must acquire a fixed number of items either at a fixed buy-it-now price in the open market or by participating in a sequence of auctions. The objective of the buyer is to minimize his expected total cost for acquiring the fixed number of items.
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
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 ]
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.
The word "auction" is derived from the Latin augeō, which means "I increase" or "I augment".[1] 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.[5] Indeed, before the seventeenth century the few auctions that were held were sporadic.[6]
... 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. ...
State Fleet Management partners with Colorado Correctional Industries to handle the final payments and pick up of the vehicles sold. If you would like to keep up with upcoming on-site auctions, visit the State Fleet website at www.colorado.gov/dca/fleet or if you have other questions, call 303-866-5222. For vehicle recall information by vin click here.
The bill auction accepts competitive bids to determine the discount rate to be paid on each issue. A group of securities dealers, known as primary dealers, are authorized and obligated to submit competitive bids on a pro-rata share of every Treasury bill auction. The winning bid on each issue will determine the interest rate that is paid on that issue. Once an issue is purchased, the dealers are allowed to hold, sell, or trade the bills. The demand for bills at auction is determined by market and economic conditions.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
The bill auction accepts competitive bids to determine the discount rate to be paid on each issue. A group of securities dealers, known as primary dealers, are authorized and obligated to submit competitive bids on a pro-rata share of every Treasury bill auction. The winning bid on each issue will determine the interest rate that is paid on that issue. Once an issue is purchased, the dealers are allowed to hold, sell, or trade the bills. The demand for bills at auction is determined by market and economic conditions.
There are many thousands of such court orders issued each year, and items that can't be returned to their legal owner are auctioned off at local auction houses all over the UK. Police auctions are an established route used by regional police forces across the country to dispose of proceeds of crime, lost and found, seized, and unclaimed stolen and confiscated property.
... 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. ...
Real property - Primarily, this consists of developed land with buildings, usually acquired by the federal government for a specific purpose, such as a military base or office building. This also includes some U.S. Forest Service properties, which usually consist of administrative sites and facilities. The General Services Administration (GSA) is the federal agency responsible for selling developed surplus property.  

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.
×