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! 

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.

​​ ​Items sold include vehicles, electronics, computers and other miscellaneous property used or acquired by Clark County and participating government agencies. Two sales are conducted concurrently on auction days – one for vehicles and one for miscellaneous items. A preview and pre-registration period opens at the auction site three days prior to every sale. Hours are 9 a.m. to 5 p.m. daily.
By the end of the 18th century, auctions of art works were commonly held in taverns and coffeehouses. These auctions were held daily, and auction catalogs were printed to announce available items. In some cases these catalogs were elaborate works of art themselves, containing considerable detail about the items being auctioned. At this time, Christie's established a reputation as a leading auction house, taking advantage of London's status as the major centre of the international art trade after the French Revolution. 

DON’T MISS OUT ON ALL OF THE EXTRAORDINARY EQUIPMENT IN OUR Au Bon Pain Café and Bakery & Forte Italian Restaurant Equipment Auction Which Features an Oliver Bread Loaf Slicer, Oliver Electric Convection Oven, 2012 Alto Shaam Gas Convection Oven, 80 Quart Planetary Mixer, 2016 Rotisol Gas 4 Spit Rotisserie Oven, Baxter Gas Mini Rotating Rack Oven, Champion Pass Through Dishwasher,   [ View Full Listing ]
Bid NOW http://baileyshonor.com/auctions/2019/OL190321/details.htm Over 70 pieces of Roseville Pottery, 25 lots of vintage colored plastic table top radios and transistors, Over 35 lots of antique and vintage clocks (mantle and alarm), nice painted primitive cupboards and cabinets including corner cabinets and pie safe, Shaker and Deacon benches, Hoosier style kitchen cupboards, 60" HD 3D   [ View Full Listing ]
The relationship between the Fed and the primary dealers is governed by the Primary Dealers Act of 1988 and the Fed's operating policy "Administration of Relationships with Primary Dealers."[6] Primary dealers purchase the vast majority of the U.S. Treasury securities (T-bills, T-notes, and T-bonds) sold at auction, and resell them to the public. Their activities extend well beyond the Treasury market. For example, according to the Wall Street Journal Europe (2/9/06 p. 20), all of the top ten dealers in the foreign exchange market are also primary dealers, and between them account for almost 73% of foreign exchange trading volume. Arguably, this group's members are the most influential and powerful non-governmental institutions in global financial markets. Group membership changes slowly, with the current list available from the New York Fed.[2]
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]
There will usually be an estimate of what price the lot will fetch. In an ascending open auction it is considered important to get at least a 50-percent increase in the bids from start to finish. To accomplish this, the auctioneer must start the auction by announcing a suggested opening bid (SOB) that is low enough to be immediately accepted by one of the bidders. Once there is an opening bid, there will quickly be several other, higher bids submitted. Experienced auctioneers will often select an SOB that is about 45 percent of the (lowest) estimate. Thus there is a certain margin of safety to ensure that there will indeed be a lively auction with many bids submitted. Several observations indicate that the lower the SOB, the higher the final winning bid. This is due to the increase in the number of bidders attracted by the low SOB.
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.
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]

Capital Auto Auction hosts weekly live auctions at each of our four locations, as well as online. Whether you attend a live auto auction or an online auto auction, you'll find quality used vehicles listed at the kind of bargain prices that typically only dealers see. Our vehicles may be repossessions, dealer consignments, government vehicles or donations. In every case, they are auctioned openly to the public so it's easy for customers to find or sell the vehicles they need. What's more, it's not just individual cars that we work with, either; through a fleet auto auction, you have a way to quickly dispose of fleet vehicles you no longer need.


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 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.
In order to appeal the decision to seize your goods, you will want to write out a Notice of Claim and hand in the appeal personally. Only the individual who owned the goods at the time of seizure is allowed to appeal the decision to seize them. It is well within your right to appeal the decision to take the goods or merchandise you owned while, at the same time, requesting that Customs return the items to you.
... cdebt.treas.gov 2 Krishna (2002), among others, analyzes the uniform auction in which the uniform price is the highest losing bid, the multi-unit version of a second price auction. We analyze the uniform auction with the price set to the lowest winning bid because that is what Treasuries use; it is the multi-unit version of the first-price auction. Brenner et al (2009) surveyed 48 countries, of which 24 used the discriminatory format and 9 the uniform format. tion, which in turn is higher than the low bid in the uniform auction. For both auction formats, bidders shade their bids with respect to the expected value of the good, conditional on the signal observation, for all signals but the lowest. We ch ...
Auction includes over 1,000 items from State and Federal agencies, abandoned safe deposit boxes, unredeemed pledged assets from various Financial Institutions, several business inventory liquidations, several estates and other consignors. Auction will feature collectible coins & currency, rare art, fine jewelry, luxury watches, sports memorabilia, rugs, electronics, all types of collectibles & much more! 
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.
Debt auctions, in which governments sell debt instruments, such as bonds, to investors. The auction is usually sealed and the uniform price paid by the investors is typically the best non-winning bid. In most cases, investors can also place so called non-competitive bids, which indicates an interest to purchase the debt instrument at the resulting price, whatever it may be
A ring can also be used to increase the price of an auction lot, in which the owner of the object being auctioned may increase competition by taking part in the bidding him or herself, but drop out of the bidding just before the final bid. In Britain and many other countries, rings and other forms of bidding on one's own object are illegal. This form of a ring was used as a central plot device in an episode of the British television series Lovejoy (series 4, episode 3), in which the price of a watercolour by the (fictional) Jessie Webb is inflated so that others by the same artist could be sold for more than their purchase price. 

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 first known auction house in the world was Stockholm Auction House, Sweden (Stockholms Auktionsverk), founded by Baron Claes Rålamb in 1674.[12][13] Sotheby's, currently the world's second-largest auction house,[12] was founded in London on 11 March 1744, when Samuel Baker presided over the disposal of "several hundred scarce and valuable" books from the library of an acquaintance. Christie's, now the world's largest auction house,[12] was founded by James Christie in 1766 in London[14] and published its first auction catalog in that year, although newspaper advertisements of Christie's sales dating from 1759 have been found.[15]
Heard the promises of $100 retired military Jeeps and $500 luxury cars confiscated in drug raids? You've likely seen the newspaper ads, flyers and infomercials that were so popular in recent years as part of get-rich-quick schemes, promising to show us how to buy luxury automobiles at a small fraction of their real worth through government auctions. 

Reverse auction is a type of auction in which the roles of the buyer and the seller are reversed, with the primary objective to drive purchase prices downward.[41] While ordinary auctions provide suppliers the opportunity to find the best price among interested buyers, reverse auctions give buyers a chance to find the lowest-price supplier. During a reverse auction, suppliers may submit multiple offers, usually as a response to competing suppliers’ offers, bidding down the price of a good or service to the lowest price they are willing to receive. By revealing the competing bids in real time to every participating supplier, reverse auctions promote “information transparency”. This, coupled with the dynamic bidding process, improves the chances of reaching the fair market value of the item.[42]
Due to the various governmental units that supply the vehicles for auction, there's no single reason for vehicles being brought to auction. Some of the vehicles are confiscated due to the former owner's involvement in drug dealing, smuggling, or fraud, while other vehicles were simply just abandoned. On exception, separate auctions will sometimes be held for very large seizures.

The objective of this paper is to investigate the preferences ofpotential bidders in choosing between uniform and discriminatory auctionpricing methods. Many financial assets, particularly government bonds,are issued in an auction. Uniform and discriminatory pricing constitutethe two most popular mechanisms used in public auctions. Theoreticalpapers have not been able to provide an unequivocal ... [Show full abstract]Read more
Any dispute arising as to any bidding shall be settled by Auctioneer at his sole discretion, and Auctioneer may put the lot in dispute up for sale again. Auctioneer reserves the right to refuse any bid, which it considers to be an insignificant advance over the preceding bid. No person shall bid on any lot of which he is the Consignor, agent, associate, or on behalf of the Consignor.
MoneySupermarket.com Financial Group Limited is authorised and regulated by the Financial Conduct Authority (FRN: 303190). The registered office address of both MoneySupermarket.com Group PLC and MoneySupermarket.com Financial Group Limited (registered in England No. 3157344) is MoneySupermarket House, St. David's Park, Ewloe, Chester, CH5 3UZ. MoneySavingExpert.com Limited is an appointed representative of MoneySupermarket.com Financial Group Limited. 

Another approach to choosing an SOB: The auctioneer may achieve good success by asking the expected final sales price for the item, as this method suggests to the potential buyers the item's particular value. For instance, say an auctioneer is about to sell a $1,000 car at a sale. Instead of asking $100, hoping to entice wide interest (for who wouldn't want a $1,000 car for $100?), the auctioneer may suggest an opening bid of $1,000; although the first bidder may begin bidding at a mere $100, the final bid may more likely approach $1,000.
For more information regarding a specific county’s public auction sale, please view the county tax collector's website for the most accurate and up to date information, or contact the county tax collector's office directly.  Below is a link to each county's treasurer and tax collector website which contains county services and contact information.  Additionally, some counties may also list their sales at "bid4assets."
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.

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.
There should be “decent demand at the auction as Italy has struck a deal on the 2019 budget with the EU,” said Jens Peter Sorensen, chief analyst at Danske Bank. “Typically, the auction is a good indicator for the demand for Italian government bonds going into 2019. If there is strong demand at the auction, then Italy tends to perform well in January,” he said.
All diesel vehicles and equipment operated in California may be subject to the California Air Resources Board (ARB) regulation to reduce emissions of air pollutants. Therefore, these items could be subject to exhaust retrofit or accelerated turnover requirements to reduce emissions of air pollutants. For more information, buyers may visit the ARB website at http://.arb.ca.gov/dieseltruck. Compliance with these regulations and all cost associated with meeting ARB requirements shall be the sole responsibility of the buyer.

DON'T MISS OUT ON THIS OUTRAGEOUS AUCTION SALE!!!! NEW PERLICK DUAL TOWER BEER KEGERATOR, NEW PERLICK BAR BACK, NEW TRUE 2 DOOR COOLER, NEW TRUE ONE DOOR FREEZER, NEW ICE-O-MATIC ICE MACHINE, NEW GLAS TENDER BEER COOLER, PERLICK BEER COOLER, GLAS TENDER BAR BACK, NEW TRUE BEVERAGE MERCHANDISER, NEW TURBO AIR FREEZER MERCHANDISER, NEW FWE FOOD WARMING CABINET, SCOTSMAN ICE MACHINE, NEW ALTO SHAAM   [ View Full Listing ]


To bid, you'll mostly need to go to an auction house on the day and bid in person. However, some auction houses now offer live internet or telephone bidding. You'll have to register to bid with the auction house, whether you're bidding in person or not. You should be able to find out when the next police auction will be held by visiting the auction house's website.
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.
Government, bankruptcy and general auctions are amongst the most common auctions to be found today. A government auction is simply an auction held on behalf of a government body generally at a general sale. Here one may find a vast range of materials that have to be sold by various government bodies, for example: HM Customs & Excise, the Official Receiver, the Ministry of Defence, local councils and authorities, liquidators, as well as material put up for auction by companies and members of the public. Also in this group you will find auctions ordered by executors who are entering the assets of individuals who have perhaps died in testate (those who have died without leaving a will), or in debt. One of the most interesting bodies to look out for at auction is HM Customs & Excise who may be entering at auction various items seized from smugglers, fraudsters and racketeers.
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.

Auction includes over 1,000 items from State and Federal agencies, abandoned safe deposit boxes, unredeemed pledged assets from various Financial Institutions, several business inventory liquidations, several estates and other consignors. Auction will feature collectible coins & currency, rare art, fine jewelry, luxury watches, sports memorabilia, rugs, electronics, all types of collectibles & much more! 


Heard the promises of $100 retired military Jeeps and $500 luxury cars confiscated in drug raids? You've likely seen the newspaper ads, flyers and infomercials that were so popular in recent years as part of get-rich-quick schemes, promising to show us how to buy luxury automobiles at a small fraction of their real worth through government auctions.
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
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.
DATE COUNTRY AUCTION DETAILS 7-Jan Norway Auction of Treasury bills 7-Jan Netherlands DTC Auction 8-Jan United States Sale of 3-year notes 8-Jan Japan 3-month discount bill auction 8-Jan Japan Auction of 10-year government bonds 8-Jan Belgium Auction of Treasury bills 8-Jan Netherlands DSL Auction 9-Jan United States Sale of 10-year notes 9-Jan Japan 6-month discount bill auction 9-Jan Sweden Auction of Treasury bills 10-Jan United States Sale of 30-year bond 10-Jan Japan Auction of 30-year government bonds 10-Jan Italy Bills auction 11-Jan Japan 3-month discount bill auction 11-Jan Italy Medium-long term auction 15-Jan Belgium Auction of Treasury bills 16-Jan Japan Auction of 5-year government bonds 16-Jan Sweden Auction of government bonds 16-Jan Norway Auction of Treasuries 17-Jan Japan 1-year discount bill auction 18-Jan Japan 3-month discount bill auction 21-Jan Norway Auction of Treasury bills 21-Jan Belgium OLO Auction 21-Jan Netherlands DTC Auction 24-Jan Japan Auction of 20-year government bonds 24-Jan Sweden Auction of inflation-linked government bonds 25-Jan Japan 3-month discount bill auction 25-Jan Italy CTZ/BTPi auction 28-Jan United States Sale of 2-year notes 28-Jan United States Sale of 5-year notes 29-Jan United States Sale of 2-year floating rate notes 29-Jan United States Sale of 7-year notes 29-Jan Japan Auction of 40-year government bonds 29-Jan Italy Bills auction 30-Jan Sweden Auction of government bonds 30-Jan Italy Medium-long term auction 30-Jan Norway Auction of Treasuries 31-Jan Japan 2-year discount bill auction 1-Feb Japan 3-month discount bill auction 4-Feb Norway Auction of Treasury bills 4-Feb Netherlands DTC Auction 5-Feb United States Sale of 3-year notes 5-Feb Japan Auction of 10-year government bonds 5-Feb Belgium Auction of Treasury bills 6-Feb United States Sale of 10-year notes 6-Feb Sweden Auction of Treasury bills 7-Feb United States Sale of 30-year bond 7-Feb Japan 6-month discount bill auction 7-Feb Japan Auction of 30-year government bonds 7-Feb Sweden Auction of inflation-linked government bonds 8-Feb Japan 3-month discount bill auction 12-Feb Italy Bills auction 12-Feb Belgium Auction of Treasury bills 13-Feb Italy Medium-long term auction 13-Feb Japan Auction of 5-year government bonds 13-Feb Sweden Auction of government bonds 13-Feb Norway Auction of Treasuries 15-Feb Japan 3-month discount bill auction 15-Feb Japan Auction of 10-year Inflation-Indexed Bonds 18-Feb Norway Auction of Treasury bills 18-Feb Netherlands DTC Auction 19-Feb Japan 1-year discount bill auction 19-Feb Japan Auction of 20-year government bonds 20-Feb United States Sale of 2-year floating rate notes 21-Feb Sweden Auction of inflation-linked government bonds 22-Feb Italy CTZ/BTPi auction 22-Feb Japan 3-month discount bill auction 25-Feb United States Sale of 2-year notes 25-Feb United States Sale of 5-year notes 26-Feb United States Sale of 7-year notes 26-Feb Italy Bills auction 27-Feb Italy Medium-long term auction 28-Feb Japan 2-year discount bill auction
GAUK Police Auctions & Sales category lists everything you need in an easy to read page outlining all the details of Police Auctions within the UK. In an attempt to stop the lost and found departments becoming crammed and to reduce the number of items stored in the Police Property Store UK police forces sell consignments of stolen and recovered and seized goods through a Police Auction. These sales include vehicles, bicycles, clothing, electronics, furniture and many other items, which end up in the police property room.

The relationship between the Fed and the primary dealers is governed by the Primary Dealers Act of 1988 and the Fed's operating policy "Administration of Relationships with Primary Dealers."[6] Primary dealers purchase the vast majority of the U.S. Treasury securities (T-bills, T-notes, and T-bonds) sold at auction, and resell them to the public. Their activities extend well beyond the Treasury market. For example, according to the Wall Street Journal Europe (2/9/06 p. 20), all of the top ten dealers in the foreign exchange market are also primary dealers, and between them account for almost 73% of foreign exchange trading volume. Arguably, this group's members are the most influential and powerful non-governmental institutions in global financial markets. Group membership changes slowly, with the current list available from the New York Fed.[2]


Bid NOW http://baileyshonor.com/auctions/2019/OL190321/details.htm Over 70 pieces of Roseville Pottery, 25 lots of vintage colored plastic table top radios and transistors, Over 35 lots of antique and vintage clocks (mantle and alarm), nice painted primitive cupboards and cabinets including corner cabinets and pie safe, Shaker and Deacon benches, Hoosier style kitchen cupboards, 60" HD 3D   [ View Full Listing ]

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.  

6-Mar Sweden Auction of Treasury bills 7-Mar Japan 6-month discount bill auction 7-Mar Japan Auction of 30-year government bonds 7-Mar Sweden Auction of inflation-linked government bonds 7-Mar Spain Bond Auction 8-Mar Japan 3-month discount bill auction 11-Mar United States Sale of 3-year notes 11-Mar France Auction of BTF Treasury notes 12-Mar United States Sale of 10-year notes 12-Mar Italy Bills auction 12-Mar Japan Auction of 5-year government bonds 12-Mar Belgium Auction of Treasury bills 12-Mar Spain Auction of 3- and 9-month Treasury bills 13-Mar United States Sale of 30-year bond 13-Mar Italy Medium-long term auction 13-Mar Sweden Auction of government bonds 13-Mar Norway Auction of Treasuries 13-Mar Germany Auction of 30-year Federal bonds


At the close of an auction, Treasury accepts all noncompetitive bids that comply with the auction rules, and then accepts competitive bids in ascending order in terms of their rates, yields, or discount margins (lowest to highest) until the quantity of accepted bids reaches the offering amount. All bidders, noncompetitive and competitive, will receive the same rate, yield, or spread as the highest accepted bid.
At times, customs may decide to not only seize goods but detain the passenger as well. This can happen for a number of different reasons. One reason is if, as mentioned above, a passenger has not declared the item(s) or if they have been declared falsely. Another reason would be if an individual carried with them over 200 grams of tobacco or a very large amount of alcohol.
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