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

In some parts of England during the seventeenth and eighteenth centuries auction by candle began to be used for the sale of goods and leaseholds.[10] In a candle auction, the end of the auction was signaled by the expiration of a candle flame, which was intended to ensure that no one could know exactly when the auction would end and make a last-second bid. Sometimes, other unpredictable processes, such as a footrace, were used in place of the expiration of a candle. This type of auction was first mentioned in 1641 in the records of the House of Lords.[11] The practice rapidly became popular, and in 1660 Samuel Pepys's diary recorded two occasions when the Admiralty sold surplus ships "by an inch of candle". Pepys also relates a hint from a highly successful bidder, who had observed that, just before expiring, a candle-wick always flares up slightly: on seeing this, he would shout his final - and winning - bid. The London Gazette began reporting on the auctioning of artwork at the coffeehouses and taverns of London in the late 17th century.
Vickrey auction, also known as a sealed-bid second-price auction.[24] This is identical to the sealed first-price auction except that the winning bidder pays the second-highest bid rather than his or her own.[25] Vickrey auctions are extremely important in auction theory, and commonly used in automated contexts such as real-time bidding for online advertising, but rarely in non-automated contexts.[2]
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).
These programs are meant to benefit taxpayers as a whole, but could they benefit you, the individual taxpayer? Can you bag a bargain at a government auction? "GSA's goal is to maximize return to the federal government," the GSA spokesperson said. So they're not giving this stuff away. In fact, the government sets "reserves" or minimums for the most valuable property it auctions off. But judging from a wide tour of current government auctions and bids, there are still opportunities to walk away with valuable goods for a great price. Here's a look at who's selling what, where, and for how much.
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.
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.
It is important to have realistic expectations when attending a government car auction. While you can find some good bargains, you are not going to find a brand new BMW for $100.00. Government auctions sell both fleet cars and vehicles that have been impounded by government agencies. The conditions of these vehicles can range from great to not running. Set your expectations and budget realistically.
CWS Asset Management and Sales (CWSAMS) is a nationwide company with expertise in the management, marketing and sales of a wide range of assets, specializing in web-based and live auctions. CWSAMS has provided continuous support to the U.S. Department of the Treasury, its legacy agencies, and other public & private entities for the marketing and sale of real and personal property for the past 26 years. An abbreviated list of clients are:
DATE COUNTRY AUCTION DETAILS 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
Banks base all short-term interest rates on the Fed funds rate. A low prime rate helps companies expand and create jobs. Low mortgage rates help people afford more expensive homes. The Fed wanted QE to revive the housing market. Low interest rates also reduce returns on bonds. That turns investors toward stocks and other higher-yielding investments. For all these reasons, low interest rates help boost economic growth.

Pursuant to the Dallas City Charter, all items that exceed $20,000 threshold requires the City of Dallas, City Council approval and will require the bidder to have a hold place on the item(s) purchased for approximately 6 to 8 weeks prior to delivery (Pending city councils approval). In addition, the City of Dallas reserves the right to reject any and all bids.
The following link will take you to the sale list for the next abandoned & confiscated vehicle auction. Be advised that some of these vehicles will not be present on the day of sale, as owners/lien holders will have reclaimed the vehicles. You must be present at the sale preview to know what remaining vehicles will be offered and to view vehicle conditions.
Depending on the agency, the government may use revenue from auctioned items to support crime-prevention programs, pay restitution to crime victims or purchase new equipment the department needs. "By providing agencies with the ability to dispose of excess assets, GSA benefits taxpayers by eliminating the need to maintain and store the unneeded property while also raising more than $300 million in revenue in just the last two years," a GSA spokesperson said.
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 ]

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 ]

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.
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