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
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Going, going, gone! Live auctions are always exciting and entertaining whether you're the bidder or not, and government auctions are no exception. Make sure you don't miss your cue to bid. If you're not clear on how bidding progresses, ask one of the auction company officials. Some items will have an undisclosed set minimum bid (reserve), while most items will be offered without reserve. Most auctions will also accept in-absence, written bids if the bidder follows special procedures and the bid is received more than a day before the auction.
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.

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


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]
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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 State of Georgia primarily offers surplus state property to the public through internet auction providers. Click on the square below to see property that is currently being offered on each site. To place bids on these auction sites, you must first set up a user account. To set up a user account, click on the desired auction site under Areas of Focus and follow the sites' instructions.
Bidder acknowledges that an auction site is a potentially dangerous place. Flammable, noxious, corrosive and pressurized substances are present, heavy equipment is being operated and electric circuits may be live. Every person at the auction site, at any time, shall be there at his own risk without notice of the condition of the premises and the activities thereon and bidder shall so advise his agents and employees. No person shall have any claim against Auctioneer, its officers, directors, agents, employees, principals, or attorneys for any injuries sustained, nor for damages to or loss of property, which may occur from any cause whatsoever.
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.
PropertyRoom.com works with police departments across the country to auction off the items they have seized or recovered. All of the items are examined by experts and anything that is fake is destroyed. PropertyRoom.com gives a portion of the proceeds from the auction back to the police department's local community. Many of the items on the site start at $1 with no reserve.  
State Fleet Management will hold another Vehicle Auction on March 7, 2019 at the North Campus location, 1001 E. 62nd Avenue, Denver. The sealed-bid auctions are open to the public for accident, drivable, and non-drivable vehicles that need to be moved out of the fleet. Click here for sample sealed-bid sheet. On-site auctions are held approximately every 3-6 months depending on the amount of inventory, as well as selling other vehicles weekly on a year-round auction site, www.colo-auto-sales.com.
Age and nationality requirements. A bidding individual must be at least 18 years old to participate in government car sales. Unlike private auctions, which sometimes require a license to bid, a government car auction is generally open to the public. No special license is needed. However, in order to transact business with the federal government, a social security number or tax identification number is needed. If purchasing the vehicle for a company, then a Power of Attorney certificate is required
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.
U.S. Marshal's Service Auctions : And finally, the U.S. Marshal's service auctions off some true bling as part of its mission to "combat major criminal activity by disrupting and dismantling illegal enterprises" and "depriving criminals of the proceeds of illegal activity." Once again, there is real estate, but also businesses, cash cars, collectibles — and more.

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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
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
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.
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
... 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. ...
Removal of all items shall be the sole responsibility of the purchaser. Loading assistance is provided as a courtesy; however, purchaser assumes all risk and responsibility for loading and removal of purchases. Auctioneer reserves the right to require proof of adequate insurance coverage from any purchaser items requiring dismantling, rigging or hot cutting. Purchaser agrees to indemnify and save harmless both, consignor and Auctioneer, its officers, directors, employees, agents, and attorneys against any damage caused by the acts of purchaser. All items must be removed from the auction facility within 2 days after the auction date. If for any reason purchaser fails to remove any purchase within the time specified, the purchase shall be deemed abandoned, and Auctioneer at its sole discretion may resell the items. Purchaser shall be liable for any rent incurred or damages suffered by Auctioneer because of purchaser’s failure to remove any item. Failure to remove items will result in a rental / storage fee of not less than $25 per item per day.
Treasury Department Auctions:  The other agency very active in holding auctions is the Treasury Department, with roughly 300 sales per year. Treasury often offers in-person previews in California, Florida, New Jersey and Texas. Treasury auctions off "property forfeited as a result of violations of federal law enforced by the Department of Treasury or nonpayment of Internal Revenue Service taxes," according to its website. There are many categories of goods, including concrete items like antiques and coins but also less tangible property like stocks and patents.
... A US based investor, for example, who is seeking to invest in AAA rated sovereign bonds, linked to the euro, can choose to participate in the German or French government bond auctions that use discriminatory price auctions or in Finland's auctions that use the uniform price mechanism. He also can choose to participate in the Italian government auctions that use both mechanisms or buy Austrian bonds that use none of these auction methods (See Brenner, Galai and Sade, 2009). ...
I wasn't aware that the TSA sold all of the stuff it confiscated! That's cheap goods right there! My mom works for a cruise line, and they don't confiscate stuff, but people do tend to forget all kinds of things they bring on the ship, so every once in a while the company has a big flea market available to employees. I find it funny when my mom comes home with watches and bracelets she wouldn't have otherwise bought.
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.
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:
No-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price.[36][37] From the seller's perspective, advertising an auction as having no reserve price can be desirable because it potentially attracts a greater number of bidders due to the possibility of a bargain.[36] If more bidders attend the auction, a higher price might ultimately be achieved because of heightened competition from bidders.[37] This contrasts with a reserve auction, where the item for sale may not be sold if the final bid is not high enough to satisfy the seller. In practice, an auction advertised as "absolute" or "no-reserve" may nonetheless still not sell to the highest bidder on the day, for example, if the seller withdraws the item from the auction or extends the auction period indefinitely,[38] although these practices may be restricted by law in some jurisdictions or under the terms of sale available from the auctioneer.
You can find some information online, on government websites which will let you search your area for a particular vehicle. These sites are not limited to cars, either. You can find SUVs, trucks and motorcycles on many of them too. Doing a ZIP code search and choosing a specific model will show you all the vehicles within a certain distance from you. Police specific auctions can be found by other websites like gov-auctions, which tells you when and where the local auctions will take place.
Removal of all items shall be the sole responsibility of the purchaser. Loading assistance is provided as a courtesy; however, purchaser assumes all risk and responsibility for loading and removal of purchases. Auctioneer reserves the right to require proof of adequate insurance coverage from any purchaser items requiring dismantling, rigging or hot cutting. Purchaser agrees to indemnify and save harmless both, consignor and Auctioneer, its officers, directors, employees, agents, and attorneys against any damage caused by the acts of purchaser. All items must be removed from the auction facility within 2 days after the auction date. If for any reason purchaser fails to remove any purchase within the time specified, the purchase shall be deemed abandoned, and Auctioneer at its sole discretion may resell the items. Purchaser shall be liable for any rent incurred or damages suffered by Auctioneer because of purchaser’s failure to remove any item. Failure to remove items will result in a rental / storage fee of not less than $25 per item per day.

We are a premier full-service private auction company liquidating property seized by police and federal agencies, property from abandoned safe deposit boxes, seized bank assets, bankruptcies, financial institutions, business inventory liquidations, and other consignors. Our firm conducts traditional live auctions throughout the year at various locations across the country, as well as auctions on the Internet. Please see our schedule of upcoming auctions for further details.
The bidder, whether acting as principal, agent, officer or director of a company or otherwise, in any capacity whatsoever, and the company he represents, both jointly and severally agrees to indemnify and save harmless Auctioneer and its officers, directors, employees, agents, attorneys and its consignors, from any and all actions, causes of action, suits, damages, costs, and losses of any nature, including injury and death, arising from the purchase or use of any items, or the attendance or participation of bidder, his/her agents or employees, at the auction and/or on the auction site whether before, during, or after the auction.
Bids can be made online for Internet auctions, or in person for live auctions. Accepted forms of payment typically are major credit cards and checks, and payment is due at the time of the close of the auction. Details may vary among auction houses and the state the auction is held in. As with all auctions, the vehicle is sold to the highest bidder.
Whenever bidders at an auction are aware of the identity of the other bidders there is a risk that they will form a "ring" or "pool" and thus manipulate the auction result, a practice known as collusion. By agreeing to bid only against outsiders, never against members of the "ring", competition becomes weaker, which may dramatically affect the final price level. After the end of the official auction an unofficial auction may take place among the "ring" members. The difference in price between the two auctions could then be split among the members. This form of a ring was used as a central plot device in the opening episode of the 1979 British television series The House of Caradus, 'For Love or Money', uncovered by Helena Caradus on her return from Paris.
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