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.
Once a car has served its time, it’s stripped of all its Police markings, siren, radio, gun box and serviced, before going under the hammer. These vehicles may have done more miles than your average family runabout but, Police Cars are kept in tip-top condition. No expense is spared in keeping these motors immaculate and they receive the best parts, tyres, even oil.
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.
Private treaty sales – Occasionally, when looking at an auction catalogue some of the items have been withdrawn. Usually these goods have been sold by 'private treaty'. This means that the goods have already been sold off, usually to a trader or dealer on a private, behind-the-scenes basis before they have had a chance to be offered at the auction sale. These goods are rarely in single lots – photocopiers or fax machines would generally be sold in bulk lots.
Some people believe that this program is damaging because it could cause long-term interest rates to rise further. That’s because there will be a greater supply of Treasurys on the market, and the U.S. Treasury will have to offer higher interest rates on the Treasurys it auctions to convince anyone to buy them. That will make the U.S. debt more expensive for the government to pay back.
In an English auction, a dummy bid is a bid made by a dummy bidder acting in collusion with the auctioneer or vendor, designed to deceive genuine bidders into paying more. In a first-price auction, a dummy bid is an unfavourable bid designed so as not to become the winning bid. (The bidder does not want to win this auction, but he or she wants to make sure to be invited to the next auction).
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.
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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. This auction is often used in charity events, with many items auctioned simultaneously and "closed" at a common finish time. The auction is "silent" in that there is no auctioneer selling individual items, the bidders writing their bids on a bidding sheet often left on a table near the item. 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. The highest bidder pays the price he or she submitted.
But there is a twist - NO firearms will be auctioned on PropertyRoom.com. Instead they are offered for auction through Federal Firearms Licensed (FFL) partner BudsGunsShop.com on their auction website eGunner.com, a division of BudsGunShop.com. Partnering with an organization like BudsGunShop.com who has over 40 years’ experience in the firearms industry and has sold and shipped over 1 million firearms, ensures that firearms sold will be transferred from FFL to FFL and all legal requirements, including background checks before release, will be completed to the letter of the law.