In early 2015, we made the decision to help our clients auction this piece of property & evidence through innovative solutions that not only fulfills this requirement for many agencies, but also supports public safety as in many jurisdictions the proceeds from these auctions can be used to purchase products like wearable body cameras, tactical gear and more.
"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.
To bid, you'll mostly need to go to an auction house on the day and bid in person. However, some auction houses now offer live internet or telephone bidding. You'll have to register to bid with the auction house, whether you're bidding in person or not. You should be able to find out when the next police auction will be held by visiting the auction house's website.
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Persons wishing to participate in the online bidding process are required to register online and submit a Bid Deposit Form along with the appropriate cashier’s check deposit, made payable to CWS Marketing Group, Inc. Download and complete the Bid Deposit Form and submit, along with the cashier’s check deposit in the amount indicated for that particular property. The completed Bid Deposit Form and Deposit Check must be mailed to: CWSAMS, 10611 Balls Ford Road, Suite 140, Manassas VA, 20109. The deposit is due no later than 5:00 p.m. EST on the day before the auction. Once the deposit is received, bidder will be sent a confirming email with the link to the online auction site and further instructions. For auctions with multiple properties, please see the 4th questions under “Common Questions” above concerning multiple-property bid deposits.
Find police auctions - In order to bid at police auctions, you need to find them first. Police departments will often times hold an auction to sell off the evidence that they no longer need for their cases. There are also items available at large government auction sites. There are police auctions available online for items that were seized and not claimed by their owners. It isn't that hard to obtain information about the locations of police auctions because most of the information is available online.
Policeauctions.com is run by a private company and is not affiliated with the government. It provides information and links to government-run auctions, but the site itself is part of the wholesale liquidation auction market. Items are sold as is and sometimes there are fees. You have to register to bid and get information, but it doesn’t cost anything to join the site.
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.
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Thank you for checking out part 3 of our "Julio's Pizzeria" Auction! Much like the last two, you'll find Refrigerators, Freezers, Meat Slicers, Convection Ovens, Sandwich Prep Tables, Pizza Prep Tables, Restaurant Booths, Restaurant Chairs, Sinks, and much much more! PCI Auctions is now accepting quality consignments of new or used restaurant, bar, kitchen, bakery, commercial, industrial [ View Full Listing ]
Bid4Assets is proud to celebrate our 20th anniversary. It has been an honor to pioneer online auctions for over 100 federal and county clients nationwide these past 20 years. During that time, we have continuously strived to improve our platform and create a better experience for all Bid4Assets users. To read our thoughts on this occasion, and several new features coming to Bid4Assets in 2019, visit the B4A Happenings page in the footer below.
But the competition at county auctions is brutal and it's only getting stronger. "Taxi companies want the old cruisers to use as cabs," Lang says. "And often there are government employees who are going after a vehicle that they used on the job and grew fond of. A lot of the school buses and trucks get bought by brokers looking to ship them overseas to poorer countries that will use them for public transportation. These are guys who go to government auctions all the time, know what to pay and know a lemon when they see it. You won't be the only bargain hunter out there."
Lot: 1 - ST. LOUIS CARDINALS MULTI-SIGNED HALL OF FAMERS ST. LOUIS CARDINALS MULTI-SIGNED HALL OF FAMERS HOME PLATE WITH PITCHING RUBBER Home plate signed by 7 St. Louis Cardinal HOFers including Jack Buck ('87), Stan Musial ('69), Bob Gibson ('81), Enos Slaughter ('85), Lou Brock ('85), Red Schoendienst Lot: 2 - CHRIS CARPENTER ST. LOUIS CARDINALS SIGNED 2006 CHRIS CARPENTER ST. [ View Full Listing ]