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
Property becomes tax-defaulted land if property taxes remain unpaid at 12:01 a.m. on July 1st.  Property that is tax-defaulted after five years (or three years in the case of property also subject to a nuisance abatement lien) becomes subject to the county tax collector’s power to sell that property in order to satisfy the defaulted property taxes. The county tax collector must attempt to sell the property within four years of becoming subject to sale.
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.
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.
Dutch auction also known as an open descending price auction.[1] In the traditional Dutch auction the auctioneer begins with a high asking price for some quantity of like items; the price is lowered until a participant is willing to accept the auctioneer's price for some quantity of the goods in the lot or until the seller's reserve price is met.[2] If the first bidder does not purchase the entire lot, the auctioneer continues lowering the price until all of the items have been bid for or the reserve price is reached. Items are allocated based on bid order; the highest bidder selects their item(s) first followed by the second highest bidder, etc. In a modification, all of the winning participants pay only the last announced price for the items that they bid on.[1] The Dutch auction is named for its best known example, the Dutch tulip auctions. ("Dutch auction" is also sometimes used to describe online auctions where several identical goods are sold simultaneously to an equal number of high bidders.[19]) In addition to cut flower sales in the Netherlands, Dutch auctions have also been used for perishable commodities such as fish and tobacco.[2] The Dutch auction is not widely used, except in market orders in stock or currency exchanges, which are functionally identical.[1]
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.
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 

The Auction Catalog has been prepared as a guide, and should be used as a guide only. Although the descriptions are believed to be correct its accuracy cannot be guaranteed or warranted. The Bidder acknowledges that all auction items are available for inspection prior to the auction and it is the Bidders responsibility to have inspected the item before bidding. No sale shall be invalidated; nor shall auctioneers be liable as a result of defects or inaccuracies of any lot.
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... Back and Zender (1993) andWang and Zender (2002)illustrate the nature of these equilibria and discuss the difficulties associated with drawing sharp comparisons across the pricing rules. 1 Empirically, there are limited and conflicting results concerning the relative attractiveness of the different auction formats (compare Simon (1992) to Umlauf (1993) andTenorio (1993)). In practice, even in the relatively simple realm of government debt auctions, different countries use different types of auctions (seeBrenner, Galai, and Sade (2009)). The importance of effective governmental borrowing in the remedies to the world financial crisis serves as a reminder of the importance of developing our understanding of this important market mechanism. ...

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Most people didn't worry about the Fed monetizing debt until the 2008 recession. That's because until then, open market operations weren't large purchases. Between November 2010 and June 2011, the Fed bought $600 billion of longer-term Treasurys. That was the first phase of the expansion of the operations of the central bank, or quantitative easing, known as QE1.
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.  
The Proceeds of Crime Act now allows for a court to confiscate any goods that a person can not legally account for. There are many thousands of such court orders issued each year, and items that can not be returned to their legal owner are auctioned off at local auction houses all over the UK at Proceeds of Crime auctions as featured in the BBC documentary series Ill Gotten Gains. 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.

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In this article, we will talk about seized goods and what they are. The seizure of goods occurs when a customs officer finds merchandise or goods that are not allowed to be imported. Items that have not been declared may also be seized if the customs officer sees fit to do so. An example of an item that is prohibited, and therefore fit to be seized, is a weapon such as a knife or a firearm.

English auction, also known as an open ascending price auction. This type of auction is arguably the most common form of auction in use today.[1] Participants bid openly against one another, with each subsequent bid required to be higher than the previous bid.[2] An auctioneer may announce prices, bidders may call out their bids themselves (or have a proxy call out a bid on their behalf), or bids may be submitted electronically with the highest current bid publicly displayed.[2] In some cases a maximum bid might be left with the auctioneer, who may bid on behalf of the bidder according to the bidder's instructions.[2] The auction ends when no participant is willing to bid further, at which point the highest bidder pays their bid.[2] Alternatively, if the seller has set a minimum sale price in advance (the 'reserve' price) and the final bid does not reach that price the item remains unsold.[2] Sometimes the auctioneer sets a minimum amount by which the next bid must exceed the current highest bid.[2] The most significant distinguishing factor of this auction type is that the current highest bid is always available to potential bidders.[2] The English auction is commonly used for selling goods, most prominently antiques and artwork,[2] but also secondhand goods and real estate.


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.

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.
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To finance the public debt, the U.S. Treasury sells bills, notes, bonds, Floating Rate Notes (FRNs), and Treasury Inflation-Protected Securities (TIPS) to institutional and individual investors through public auctions. Treasury auctions occur regularly and have a set schedule. There are three steps to an auction: announcement of the auction, bidding, and issuance of the purchased securities.
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Local police auctions. If you are interested in local police impound car auctions the best way to find information is to call your local police department. They can provide with the dates and details. Under no circumstances should you call 911 for this information. Look in the local blue pages for the non-emergency number. They are also required to run ads in the local newspaper about 90 days prior to the auction. These are often low key ads in the classified section, so finding them may require some searching. Some police departments put auction information online, so you can also search the Internet
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.

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.
A listing of vehicles up for auction will be posted on this website as soon as it becomes available. Flyers containing a vehicle listing for this auction will be available at the Impound Section as soon as we can produce them. Some vehicles may not be listed on the internet, only on the flyer. Please do not call the Impound Section for vehicle information.
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The Federal Reserve, also known as the Fed, is the central bank of the United States, and it monetizes U.S. debt when it buys U.S. Treasury bills, bonds, and notes. When the Federal Reserve purchases these Treasurys, it doesn't have to print money to do so. It issues credit to the Federal Reserve member banks that hold the Treasurys and then it puts them on its own balance sheet. It does this through an office at the Federal Reserve Bank of New York. Everyone treats the credit just like money, even though the Fed doesn't print actual cash.
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Silent auction is a variant of the English auction in which bids are written on a sheet of paper. At the predetermined end of the auction, the highest listed bidder wins the item.[43] This auction is often used in charity events, with many items auctioned simultaneously and "closed" at a common finish time.[43][44] The auction is "silent" in that there is no auctioneer selling individual items,[43] the bidders writing their bids on a bidding sheet often left on a table near the item.[45] At charity auctions, bid sheets usually have a fixed starting amount, predetermined bid increments, and a "guaranteed bid" amount which works the same as a "buy now" amount. Other variations of this type of auction may include sealed bids.[43] The highest bidder pays the price he or she submitted.[43]
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.
Silent auction is a variant of the English auction in which bids are written on a sheet of paper. At the predetermined end of the auction, the highest listed bidder wins the item.[43] This auction is often used in charity events, with many items auctioned simultaneously and "closed" at a common finish time.[43][44] The auction is "silent" in that there is no auctioneer selling individual items,[43] the bidders writing their bids on a bidding sheet often left on a table near the item.[45] At charity auctions, bid sheets usually have a fixed starting amount, predetermined bid increments, and a "guaranteed bid" amount which works the same as a "buy now" amount. Other variations of this type of auction may include sealed bids.[43] The highest bidder pays the price he or she submitted.[43]
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.
The 18 City of Los Angeles Official Police Garages (OPGs) hold Lien Sales Auctions. The auctions are open to the public. All vehicles are sold "AS IS, WHERE IS" and with all faults. Seller makes no warranty or refunds. Vehicles are sold in an open competitive bid auction. The highest bidder is the buyer. The auctioneer reserves the right to reject any bid or stop the sale of a vehicle. In the event of a dispute, the auctioneer's decision will be final.
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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.
Occasionally the police may want to hold onto the goods if they suspect them to be stolen or suspect that the owner can be traced. The legal owner can claim their goods back up to one year after they have been handed over. If the police have handed the items to the finder they must retain them for a year. If the goods are found by the Police they can be disposed of at the discretion of the Chief Constable. 
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