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.
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.

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.


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.
Bidding. Get some information about the type of bidding that normally occurs at these auctions. Feel free to ask the consultant about the expected price of a particular vehicle. When the auction starts, raise your hand and registration number card high in the air so the auctioneer can see you. Bids can be in increments of $100, $250 or even $500. This will be up to the auctioneer's discretion. Before bidding, remember that once a bid is made it cannot be withdrawn. Once the bid is won then the bid cards must be immediately filled out and signed. If this is not done then the vehicle can be re-offered. The government can reject any bid
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.
Do your research. Check Kelly Blue Book for the proper price for the vehicle, including its mileage and apparent condition. Always downgrade the condition by one ranking for government auctions. Also, do some smart used-car research, such as checking Consumer Reports for reliability and the frequencies of particular repairs, and checking our road test information if it's a recent model vehicle.
Auctioneers are normally contracted by the different organisations within their local area. An auction at the centre of London for example, will deal with the assets of companies whose bankruptcy proceedings are being dealt with by courts in Greater London. An auction in Leeds will handle the assets of companies in Yorkshire that are being dealt with by Leeds City Court.
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.
It is important to have realistic expectations when attending a government car auction. While you can find some good bargains, you are not going to find a brand new BMW for $100.00. Government auctions sell both fleet cars and vehicles that have been impounded by government agencies. The conditions of these vehicles can range from great to not running. Set your expectations and budget realistically.
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.

Nonetheless, auctions have a long history, having been recorded as early as 500 B.C.[7] According to Herodotus, in Babylon auctions of women for marriage were held annually. The auctions began with the woman the auctioneer considered to be the most beautiful and progressed to the least. It was considered illegal to allow a daughter to be sold outside of the auction method.[6]


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.
Many police forces across the UK sell on loot which they've seized. And because this isn't widely known about – and because the police sell on items they'd otherwise have to store or dispose of – you could bag real bargains. For example, we spotted a kids' bike for 99p (collection only), a classical guitar for £14 (incl delivery) and an Armani watch for £15 (collection only).
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

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.
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