Government
auctions are a great place to find a
bargain. When
U.S. Customs confiscates some imported
jewelry, or the Department of Defense
no longer needs a power tool, or the
U.S Marshals Service seizes a sports
car from a drug dealer, all of these
items become available for purchase
at Government auctions.
There are many auctions in the different
branches of the Government. If you are
looking for a house, try the US Department
of Housing and Urban Development auctions.
Or check out the NASA auctions for computer
equipment, heavy vehicles, aircraft
parts, and communication equipment.
The Bureau of Land Management auctions
parcels of land. And there is always
seized property by police, IRS, Customs
and DEA. At these auctions you can find
anything from jewelry, to boats, to
cars and collectibles.
At the U.S. Department of Treasury auctions,
there is also an opportunity to enroll
in a pre-auction seminar to learn how
to be an effective bidder. The seminar
is free!
Invitation
for Bid Auctions,where
you submit your bid in writing after
reviewing an informational sheet
describing the property up for auction.
On the bid-opening date, the auction
bids are read publicly and the award
is made to the highest auction bidder.
Public
Auctions,where
the property is auctioned in person,
item-by-item, with the article going
to the highest bidder.
Sealed
Bidders Auctions,a
method that combines aspects of
the Invitation for Bid Auction and
Public Auction. Bidders submit sealed
bids on the item being offered for
auction, and the highest sealed
bidders are then allowed to participate
in a public auction. The public
auction bidding starts with the
highest sealed bid.
Spot Bid
Auctions,where
bidders are usually required to
attend the auction to place their
bid in writing. The property is
offered item-by-item like a public
auction but with the spot bid auction,
the written form allows a one-time
chance for the auction bidder. The
highest bidder is announced publicly,
receives the award, and the sale
is made.
You can pick up some
good quality merchandise for a good
price at these auctions. However, you
should be careful as there are people
that go to these auctions on a regular
basis and know their business inside
out. They may have their own retail
outlets and buy in order to sell through
their retail store. If you are buying
for your own use, you can probably do
well...but to do it for a living requires
a lot of time and knowledge.
governmentauctionsite.com:
provides an index of items available
for auction and gives information about
auction procedures and locations.
www.bid4governmentauctions.com:
On this Web site, you can bid on items
online. Although there is no registration
fee, there is a $25.00 fee to list an
asset.
www.policeauctions.com:
You must register to get the auction
information. There is a free membership
available for a trial basis, but you
can only bid on non-government items.
If you want to participate in the Government
auctions on this site, there is a fee
of $7.95 per month or $39.95 per year.
