"There are two types of public auctions," explains Steven Lang, who runs a used car dealership in the Atlanta area and once owned a dealer auction (not open to the public). "There are government auctions and there are public auctions." Both are full of potential pitfalls. Here's a quick rundown on both and 10 tips for getting the most out of either. That is, if you dare to venture into the auction pit.
People were on their cellphones taking bids from afar, others were desperately eyeing the cars to see if the panels and bumper covers were in decent enough shape to make some cash at the current bidding price. Though there were only a handful of folks at this little auction, the dynamic—the subtle things people did to make sure they made a sound buying decision—was enthralling.
Governmentauction.com is the innovator and leader in live online auctions and land sales throughout the world. In the last 40 years, we have sold over 50,000 parcels of great investment land. Our land for sale comes from the various city, county, state land, and even other countries. All land sold through our online auctions and surplus auctions is guaranteed to have a free and clear title. Most of our land sold comes with no credit checks, no qualifying financing and low down and monthly payments if you choose. We have also sold over one million assets that include watches, such as Rolex and Cartier, rare coins, fine art, antiques, classic cars, gold and silver, GIA diamonds jewelry factory surplus, ladies handbags, such as Louis Vuitton, and more. You will find great deals and many treasures every week right here on the GAC live online auction site.
If it looks too good to be true, chances are it is, and there’s a simple reason why. While bodywork is expensive, it pales in comparison to the kind of profit a car will turn if a high-bidding buyer doesn’t notice it. A thorough pre-bid inspection should hopefully illuminate any issues prior to putting down your money. For more info on what shoddy bodywork can hide, don’t forget to read our write-up on nine ways you can tell if a car has been in a wreck.
This is the continuning location for 1 Auction to follow for Extra Space Storage Inc in this area,The next Sale after Farmington Hills, 48335 @ 3:00 PM at 1150 Coolidge Hwy, Troy. .GO TO our Web Page www.tateauctioneers.com click HOME Page for all Auctions Listings, the click MONTHLY Auction Tab for this month's up-coming Auction Sales.The goods to be Sold are generally described as household goods and/ or business related items unless otherwise...
The Department of the Treasury has designated CWS Asset Management & Sales (CWSAMS) as the prime contractor responsible for the maintenance and sale of seized and forfeited real property throughout the U.S. Our website is incorporated into the official Treasury site, http://www.treasury.gov/auctions/. CWS is not affiliated with any other auction information services, seminars, or publications, and we never charge a fee to access these auction listings.
What items are available for sale - You can expect to find various items at police auctions. This could be clothing, jewelry, electronics, art work, cameras, computers, tools, watches, furniture and many other items. You can also purchase vehicles at police auctions, as well as boats and even airplanes. The seized vehicles that are used in committing crimes are placed for sale where minimum bids and reserved prices are extremely rare. This means that you would be able to get these items even if your bids are low and nobody else is bidding against you.
PLEASE READ THESE TERMS OF SALE CAREFULLY, AS THEY HAVE BEEN RECENTLY UPDATED. THIS IS AN INTERNET-ONLY AUCTION! AUCTION CLOSING DATE: Monday, March 18th at 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: Friday, March 15th 10am to 4pm REMOVAL: [ View Full Listing ]
PCI Auctions is now accepting quality consignments of new or used restaurant, bar, kitchen, bakery, commercial, industrial & heavy equipment for our Consignment Sale. No liquidation is too big for us! Contact us today to find out how we can get your top dollar for your equipment. Call 888-883-1388 for a free appraisal. Auction:I-Scream & Ruth's Cafe Restaurant Equipment [ View Full Listing ]
Several different federal agencies hold government auctions. The General Services Administration is the granddaddy of them all, because it sells on behalf of other departments. When a federal agency no longer needs something — say, a pickup truck — it reports the truck to GSA, which first offers it to other federal agencies and then to state and local governments or nonprofits. If nobody claims the truck, then the GSA auctions it off to the public, and you get your chance at it.
In recent years, public auctions have become commonly referred to as “the mechanic’s auction,” where lots can quickly become a money pit for novice bidders. There is no guarantee on the authenticity of the mileage on the odometer here, and since it’s an auction, you can’t drive the vehicle prior to bidding on it. This is a place where flood vehicles sell for top dollar after being hastily reupholstered in the hopes of duping amateur bidders, and cars with bad engines come loaded with heavy-duty oil in order to ensure it doesn’t belch smoke or leak on the auction block.
Cars at government and public auctions sell on visual inspection alone. So look at everything and look for telltale signs of repairs such as paint overspray, less than smooth sheet metal, puddles under the vehicle, scored brake discs, an uneven stance and a million other details. Use your nose, hands and legs, too. If a car smells musty or the carpeting is wet, run away.
It is strongly recommended that you attend the open houses/inspections that are scheduled prior to sale. The bidder is invited, urged, and cautioned to inspect the property prior to submitting a bid. Failure to inspect property shall not constitute cause for cancellation of sale. Property will be available for inspection only at the times specified. At their own expense, potential bidders may have property inspectors examine the property during regularly scheduled open houses.
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.
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.
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.