When it comes to car auctions, try not to put all your eggs in one basket, because there will always be more chances to score a sweet ride on the cheap. Like gambling, it’s always good to have a limit in place before the bidding starts, because nothing sucks more than overspending on a car that only gets you halfway home before the damn transmission craps out.
Locating your nearest public car auction locations might be a question of doing some real detective work. They are usually hidden away in web searches because they are unaware of search engine optimization keywords which can get them onto the front page. You can try a search at specific sites which you know to be for repo, government car sales or police auctions. You will have to register your interest prior to the sale and you will be given a bidder number. All auctions work on similar principles, but each have their own way of doing things. You may also be asked for other personal details and will have to show proof of ID when you attend. Do some investigating before you attend. They may be able to send you an information pack and will usually have some tips for first time attendees.
As you browse the government auction sites above, you'll notice some link you to additional sites run by private contractors. These contractors have legitimate relationships with the government, but bidder beware: other private companies will try to make their auctions seem like government auctions as a marketing ploy. Always start with the legitimate links provided by the government itself. Good luck!
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.
Sitting on the couch, craft beer in hand, we salivate over the parade of shining classic cars rolling across the auction block at Barrett-Jackson, changing hands for ungodly globs of cold, hard cash. It’s places like this where you can pick up cars like custom built Singer Porsches, old-school hot rods, vintage Ferraris, and soon to be released, serial #001 supercars, and as the drinks get stronger, so too does the bidding.
In economics we tend to think of auctions as a good way to get at the true price of an object. Of course, it isn’t quite perfect as there’s still problems with information asymmetries, and people can get a winner’s curse because the people who err in thinking the car is worth more than it actually is are the ones who are likely to win. On the other hand, the price can go lower if there just aren’t enough people at the auction for that to happen– you need at least two people over-valuing the object and willing to pay for it for one of them to over-pay.
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.
PLEASE READ THESE TERMS OF SALE CAREFULLY, AS THEY HAVE BEEN RECENTLY UPDATED. THIS IS AN INTERNET-ONLY AUCTION! AUCTION CLOSING DATE: Thursday, March 14th at 1:07pm Bidding closes on the first item at 1:07pm, then closes at the rate discussed in these Terms and Conditions of Sale. INSPECT: Tuesday, March 12th 8am to 4pm REMOVAL: [ View Full Listing ]
Please consider that if you provide multiple deposit checks, and you are the Back-up Bidder for a property, one of your deposit checks will be utilized for that property, and will not be able to be applied to bid on another property. As the back-up bidder, your deposit check will be returned within three business days of receipt of the High Bidders full deposit. Please see Terms of Sale for details regarding the Back-Up bid deposit.
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.
ONLINE ONLY GALLERY AUCTION Vintage & Modern Die Cast Toy Collection Bidding is open now Bidding Starts Ending Wednesday, March 13th 7:00 pm CentralTo Enter Auction Click Here! THIS ONLINE ONLY AUCTION Held at our auction gallery 421 E Stevenson Rd Ottawa IL 61350 Preview at the gallery Wednesday March 13th 10:00 am-4:00 pm Pick up dates Thursday [ View Full Listing ]