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.
When goods are seized, the importer received what is known as a Notice of Seizure. This document lists the items that have been seized by customs, as well as details regarding who to contact about the seized goods, and information on what to do after your items have been taken. If the items are seized in your presence, the reasoning behind why your items have been seized will be explained to you in person. Otherwise, the Notice of Seizure will be sent to you.

Reserve auction is an auction where the item for sale may not be sold if the final bid is not high enough to satisfy the seller; that is, the seller reserves the right to accept or reject the highest bid.[37] In these cases a set 'reserve' price known to the auctioneer, but not necessarily to the bidders, may have been set, below which the item may not be sold.[36] If the seller announces to the bidders the reserve price, it is a public reserve price auction.[39] In contrast, if the seller does not announce the reserve price before the sale but only after the sale, it is a secret reserve price auction.[40] The reserve price may be fixed or discretionary. In the latter case, the decision to accept a bid is deferred to the auctioneer, who may accept a bid that is marginally below it. A reserve auction is safer for the seller than a no-reserve auction as they are not required to accept a low bid, but this could result in a lower final price if less interest is generated in the sale.[37]
... 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. ...
There are a number of primary website used by police to sell seized or lost and found items. bumblebeeauctions.co.uk acts effectively as a shop front the police force and local authorities which can use to dispose of various types of property. It is an official police website used by various forces across the country. Users bid on items in the same way as they would on sites such as eBay.co.uk.
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]
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.
The General Service Administration is the biggest national sales agency and you can check out fleet sale cars and trucks on their website. Online versions of the auction can be located through the GovSales website. Finding former police cars for sale is down to how often those local auctions are held, but you can also try eBay Motors. Government car auctions are there in the motors section for you to search through. You can search by ZIP code, type of car, miles from your destination or make and model of the car you require.
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
Additional government sites. There are a few additional sites that can provide tips on government auctions. Guide to Federal Auctions gives a rundown of the various agencies. It provides information about what they sell as well as the departments' websites. GSA supplies information about auction sources. Auctions can be searched by state or auction house

YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. These factors are similar to those you might use to determine which business to select from a local Yellow Pages directory, including proximity to where you are searching, expertise in the specific services or products you need, and comprehensive business information to help evaluate a business's suitability for you. “Preferred” listings, or those with featured website buttons, indicate YP advertisers who directly provide information about their businesses to help consumers make more informed buying decisions. YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page.


The Treasury in Rome plans to auction as much as 5 billion euros ($5.7 billion) of debt Friday, including benchmark five-year and 10-year securities. Those sales represent the final government debt supply in the euro area for 2018. The results will provide an indication of the underlying demand for Italian bonds next year, according to Danske Bank A/S.


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 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. ...
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).
2. Know what car you're looking for You can find a list of what’s for sale online, either at Govsales.gov (if it’s a federal police auction) or through your local agency/county/department (just Google it). You need to have a decent idea of what you’re wanting to pick up, or you won’t have time to properly vet everything, which could get messy. See above.
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

THIS IS AN INTERNET-ONLY AUCTION! TO VISIT THE AUCTION- COPY AND PASTE THE LINK BELOW:http://peoplesonlineauctions.com/auction/349463/active-bidding-coins-police-property-evidence/ There is a 15% buyers premium that will be added to your final purchase price. AUCTION MANAGER: Chelsea (757) 421-2525AUCTION HOST: Peoples Auction Co., Inc.VAF #527 | NCAL #4666  For questions   [ View Full Listing ]


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).
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
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Buying the confiscated goods either from the TSA or individual states is done in auctions 90% of the time. Some confiscated items are put up directly for sale though, and you can find it on the websites for direct purchase. The state surplus auctions are held regularly, and if you're planning to show up for it, it's definitely best to check if you have to register beforehand. Several states require this.
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.
As you browse the government auction sites above, you'll notice some link you to additional sites run by private contractors. These contractors have legitimate relationships with the government, but bidder beware: other private companies will try to make their auctions seem like government auctions as a marketing ploy. Always start with the legitimate links provided by the government itself. Good luck!
Municipal Vehicle and Equipment Auction ends March 24th 2019 - online only auctionVehicles located at 835 Route 100 Bechtelsville, PA 19505Inspection and Previews - Saturday March 9th and March 23rd 9am-4pm View the catalog and bid online at geyerauctions.hibid.com 1982 American LaFrance Fire Truck - Turbocharged V8 Detriot Diesel  with 13,000original miles Allison Automatic, Garage Kept   [ View Full Listing ]
The Treasury in Rome plans to auction as much as 5 billion euros ($5.7 billion) of debt Friday, including benchmark five-year and 10-year securities. Those sales represent the final government debt supply in the euro area for 2018. The results will provide an indication of the underlying demand for Italian bonds next year, according to Danske Bank A/S.
Law enforcement has the ability to seize or confiscate the property of criminals, or property used by criminals or their associates for the purpose of conducting illegal activity. For example, a person convicted of drug trafficking or the selling of stolen property will forfeit their vehicles and any other property that is used to perpetuate illegal activity or was obtained by the proceeds of that illegal activity. When a vehicle is seized, it's held by the agency until the time of auction.
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).
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
At the close of an auction, Treasury awards all noncompetitive bids that comply with the auction rules and then accepts competitive bids in ascending order of their rate, yield, or discount margin (lowest to highest) until the quantity of awarded bids reaches the offering amount. All bidders will receive the same rate, yield, or discount margin at the highest accepted bid.

Bidding fee auction, also known as a penny auction, often requires that each participant must pay a fixed price to place each bid, typically one penny (hence the name) higher than the current bid. When an auction's time expires, the highest bidder wins the item and must pay a final bid price.[27] Unlike in a conventional auction, the final price is typically much lower than the value of the item, but all bidders (not just the winner) will have paid for each bid placed; the winner will buy the item at a very low price (plus price of rights-to-bid used), all the losers will have paid, and the seller will typically receive significantly more than the value of the item.[28]

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.


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.
Participants in any Treasury auction consist of small investors and institutional investors who submit bids categorized as either competitive or non-competitive tenders. Non-competitive tenders are submitted by smaller investors who are guaranteed to receive bills, but they won’t know what discount rate they will receive until the auction closes. In effect, these investors receive no guarantee on the price or discount received. An investor who submits a non-competitive bid agrees to accept whatever discount rate is decided at the auction, determined by the competitive side of the auction which is handled as a Dutch auction. The minimum non-competitive tender for a Treasury bill is $10,000. The non-competitive closing time for bills is normally 11:00 a.m. Eastern Time on auction day.
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