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.

The New York City Police Department regularly holds online auctions to dispose of seized, unclaimed property and vehicles. The Property Clerk Division works with an outside auctioneer, called Property Room, which specializes in items seized by law enforcement agencies across the country. Online auctions include many high-end items, such as jewelry, rare coins, brand-name clothing, and consumer electronics. Vehicles are also available. Participation in online auctions is free and open to the general public.
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.

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.
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.
Mystery auction is a type of auction where bidders bid for boxes or envelopes containing unspecified or underspecified items, usually on the hope that the items will be humorous, interesting, or valuable.[33][34] In the early days of eBay's popularity, sellers began promoting boxes or packages of random and usually low-value items not worth selling by themselves.[35]

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.  


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.
In the United States, a primary dealer is a bank or securities broker-dealer that is permitted to trade directly with the Federal Reserve System ("the Fed").[2] Such firms are required to make bids or offers when the Fed conducts open market operations, provide information to the Fed's open market trading desk, and to participate actively in U.S. Treasury securities auctions.[3] They consult with both the U.S. Treasury and the Fed about funding the budget deficit and implementing monetary policy. Many former employees of primary dealers work at the Treasury because of their expertise in the government debt markets, though the Fed avoids a similar revolving door policy.[4][5]
Earlier research has shown that euro-area primary public debt markets affect secondary markets. We find that more successful auctions of euro area public debt, as captured by higher bid-to-cover ratios, lead to lower secondary-market yields following the auctions. This effect is stronger when market volatility is higher. We rationalize both findings using a simple theoretical model of primary dealer behavior, in which the primary dealers receive a signal about the value of the asset auctioned.

The goods found at Police Auction can be brand new or graded from A down in used condition. Goods may be slightly marked a good example would be high quality push-bikes which still retain a good value. All items listed in any Police Auction are available for viewing and inspection prior to the sale. If faulty or damaged the fact is clearly mentioned on the item and faults will be outlined by the auctioneer during the auction. If this is an Online Police Auction the description should be clear and accurate. These auction events are a prime location for bargain hunters. Many of the goods will be sold for extremely low prices and almost always under market value. Remember, these goods are at auction TO BE SOLD, the police forces need to clear their stores regardless of how low the highest bid for the items at the Police Auction.
Some items are being offered for sale to out of state or out of country bidders. Bidders are hereby notified that a VIN Stop has been filed with California DMV prohibiting the vehicle/equipment from being registered in California. Purchaser will be required to sign an ARB Out-of-State Verification Form acknowledging their intent to move the vehicle/equipment out of California, and an Out-of-State Sales Agreement indicating that the Buyer will inform future buyers that the vehicle cannot be registered and operated in California unless compliant with Section 2022.1(b). Bidders purchasing Out-of-State items must be registered as an out of State buyer with Bar None Auction prior to bidding.

... 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). ...

Earlier research has shown that euro-area primary public debt markets affect secondary markets. We find that more successful auctions of euro area public debt, as captured by higher bid-to-cover ratios, lead to lower secondary-market yields following the auctions. This effect is stronger when market volatility is higher. We rationalize both findings using a simple theoretical model of primary dealer behavior, in which the primary dealers receive a signal about the value of the asset auctioned.
At Capital Auto Auction, we buy, sell and accept donations of used vehicles of various kinds. Whether it's for cars, boats or fleets of vehicles, we make it our goal to work out arrangements that satisfy both buyers and sellers. Our live auctions take place in four locations: Manchester, New Hampshire; Philadelphia, Pennsylvania; Temple Hills, Maryland; and Washington, DC. Our online auctions make it possible for you to bid on cars from your computer or smartphone. Also, in addition to hosting weekly auctions, we accept vehicles on consignments, doing all the advertising and networking to help you get a car sold.
Katehakis and Puranam provided the first model[62] for the problem of optimal bidding for a firm that in each period procures items to meet a random demand by participating in a finite sequence of auctions. In this model an item valuation derives from the sale of the acquired items via their demand distribution, sale price, acquisition cost, salvage value and lost sales. They established monotonicity properties for the value function and the optimal dynamic bid policy. They also provided a model[63] for the case in which the buyer must acquire a fixed number of items either at a fixed buy-it-now price in the open market or by participating in a sequence of auctions. The objective of the buyer is to minimize his expected total cost for acquiring the fixed number of items.
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
Consignee and consignor - as pertaining to auctions, the consignor (also called the seller, and in some contexts the vendor) is the person owning the item to be auctioned or the owner's representative,[65] while the consignee is the auction house. The consignor maintains title until such time that an item is purchased by a bidder and the bidder pays the auction house.
All vehicle are for sale by the seller. Speed’s towing Auction or any of it affiliates (Supertow LLC) are not responsible for the listing from the buyer.) All winning bids are a contract, and must be fulfilled by the buyer. All transactions for the sale will be handled by the seller. For more information about any vehicle, please contact the seller.
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

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.
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.

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.
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.
PLEASE READ THESE TERMS OF SALE CAREFULLY, AS THEY HAVE BEEN RECENTLY UPDATED.  THIS IS AN INTERNET-ONLY AUCTION!  AUCTION CLOSING DATE: Friday, March 22nd 11:07 am.  Bidding closes on the first item at 11:07 am, then closes at the rate discussed in these Terms and Conditions of Sale.  INSPECT: Thursday, March 21st 2pm to 7pm    [ View Full Listing ] 

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.
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

​​ ​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.
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 ]
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.
When you’re in need of a reasonably priced used car, your best and easiest solution is to come to one of our used car auction events — either in person or online. Because our inventory is always being updated, there are lots of options available. Plus, because our prices are so good, you can save a great deal. At our auctions, we sell hundreds of cars for less than $1000 and are always open to the public — the bargains are just waiting for you.
Charity auctions - Used by nonprofits, higher education, and religious institutions as a method to raise funds for a specific mission or cause both through the act of bidding itself, and by encouraging participants to support the cause and make personal donations.[53] Often, these auctions are linked with another charity event like a benefit concert.[54]
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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