Police Auctions & Government Auctions Professional Resource Information

Police Auctions Information:

No, a police auction is not where you go to buy a policeman. Most people do not realize that police agencies, including local police departments, county sheriff departments, as well as state and federal law enforcement agencies end up with a lot of confiscated, lost, or abandoned property. This property ends up in the agency's possession as the result of arrests, forfeitures, and just plain carelessness on the part of the property owner who sets a camera down in some public place and walks away.

Once the agency has accumulated enough property they will hold a police impound auction. The purpose of the police impound auction is two-fold. First, they want to empty out their property rooms which, in the case of some state and federal agencies, may be the size of a warehouse. Second, they want to turn this unclaimed or forfeited property into cash. This cash usually goes back into the agency's budget, but it is sometimes earmarked for the particular government's "general fund". No matter where the money ends up, police auctions are usually a big money raiser for larger departments.

Forfeited Property & Police Impound Auction:

Items that fall under this category are usually the creme de la creme of the police auctions industry. This is where you can find anything from motorcycles and cars, to boats, airplanes, and homes!

Forfeited property is generally the result of drug arrests where it was determined that the seized property was either used in the commission of drug-related crimes, or was purchased with money that was received as the result of a drug-related crime.

When you bid on this type of property at a police impound auction you are agreeing to accept the item "as is". You need to be aware that the term "as is" does not simple refer to blemishes or minor damage. If, for example, you buy property at auction, and that property has tax liens placed against it, you will be expected to clear those liens before you can take rightful ownership. The same holds true for mortgages or car loans.

You can find some real bargains at police auctions for this type of high-value merchandise but you need to perform your due diligence so you don't end up in red ink after the transaction.

Unclaimed & Abandoned Property:

You would be shocked at what kind of property that people either lose or simply walk away from. You would be equally shocked at how many honest people find that property and turn it into the police department. Ultimately, if no one claims the property, and the owner cannot be otherwise be located -- it ends up at a police auction where it is sold to the highest bidder.

Auction Process:

Most jurisdictions have specific laws, or ordinances, that deal with how the auction will be conducted. In almost every instance, the agency that is conducting the police impound auction is required to publish a full description of the items that will be auctioned as well as the date, time, and location of the auction. they will also publish payment terms which may be cash, money order, certified check, or any other payment method that they choose to accept. They will usually also publish additional terms such as how long you have to remove the property form the auction site once you win the bid, plus any legal disclaimers that the lawyers think need to be mentioned. This publication is normally placed in at least one major newspaper that serves the area with in the law enforcement agency's jurisdiction.

The purpose of this publication is first: to notify the owner of the property that they have one last chance to redeem it before it is sold at auction, and second: to generate publicity for the police auction so that it will be well attended.

Depending upon the size of the agency, and the agency's experience conducting auctions, a police auction will either be run by the police department itself, another government agency that is responsible for fiscal matters, or an outside auction company.

The police auction might be held on the steps of the County Courthouse, a room inside of some government office, or a public arena. The location of the police auction depends a lot upon the size of the agency and how much property is being auctioned off.

Some police auctions require that you register as a bidder in advance, while others let everyone and anyone show up at the day of the auction. Bidders are usually allotted time to inspect the goods before the actual police auction begins. You should take advantage of this time because it is a very bad idea to bid on anything that you haven't had time to inspect.

Once the auction starts, you simply bid on the items that you want. Have a budget in mind and don't bid more than you're willing to pay. It's easy to get caught up in the bidding frenzy and end up paying far more than you intended to.

Police auctions can be fun and profitable. Especially police auto auctions. Watch your local papers for announcements, or contact the law enforcement agencies in your area and find out when they are running the next police auctions.

Government Auctions:

Insiders know where to find government auctions to buy homes, cars, boats, airplanes, motorcycles ? even furniture, designer clothes and jewelry. The property available for public bidding at government auctions is often surplus goods the government no longer needs or confiscated as evidence in criminal cases. Since government auctions are not well publicized, insiders can buy goods for pennies on the dollar. Whether you want to find bargains for yourself, or to resell your purchases for a profit, government auctions are an effective way to increase your net worth and bottom line.

Own luxury goods at Wal-Mart Prices:

When the government auctions off property, all closing bids are final. Many people attending government auctions for the first time can't believe the prices! Everything you buy at the auction is yours to keep ? no strings attached. With prices this low, it feels like your stealing it ? only it is yours to legally keep, courtesy of the government. If you have champagne taste but a beer budget, attend a government auction. Rolex brands have sold for Timex prices. Why buy a Ford when you can buy a Mercedes for the same price? Traveling? Put away your checkbook at the discount luggage store. Go to a government auction and spend the same money for Louis Vuitton or COACH! You never know what a government auction will have, but it can always be yours for a price well below fair market value.

Starting a business with government auctions:

No organization in America buys more office goods than the government. Auctions are how they dispose of surplus goods no longer needed. Computers, desks, office chairs, AV equipment, copiers and trash cans ? the government auctions them all off. Conserve your capital for operating cash and profits. Smart business people find the office equipment they need at government auctions. Imagine the thousands of dollars you could've spent on furniture and computers while you write out your check for pennies on the dollar at the government auction. Since our government buys the best, you know the auction will be loaded with bargains to keep your business humming along. When you are ready to start or expand your business the smart way, begin your office equipment search here at the auctions.

Making government auctions your business:

After attending your first government auction and experiencing great values firsthand, you may decide to start your own resale business. Many people buy cars for hundreds of dollars and resell them for thousands of dollars. Some people spend a day at a government auction procuring goods and bring them home to sell on their own. E-bay is a popular way for people buying goods at the government auction to resell them right from home. Without a retail store, you can save thousands in business expenses during the year. Your on-line business you can create with government auctions is limited only by the size of your garage! Become a power seller!

You "Don't Need Experience" to bid at a government auction

If you can hold up a bidding number, you can win at a government auction. Of course, with any auction, you will want to inspect the items you are interested in buying before the bidding begins. If you are interested in a computer, but could not turn it on to see if it worked, how much would a non-working computer be worth to you? Since all sales are final, there are no returns. Avoid disappointment, and don't bid on anything you can't personally inspect. Government auctions provide amazing values, but don't lose your common sense in all the excitement. Know how much the property is worth before the auction begins, and your experience at the government auction will be a positive one.

Http://DEAauctions.COM is an unchallenged leader in the Auction information Industry and will transform the way you search & locate the Billions of dollars in property that is auctioned off throughout the country every year.

In The News:

Newport criminal goods auction raises £150,000  BBC NewsA Ferrari, sold for £33000, is among dozens of items seized from criminals and sold at auction.
Housing auctions across Australia reach two-year high  7NEWSHousing auction clearance rates this week have reached two-year highs of almost 80 per cent across Australia.
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Glencore, Trafigura buy metal in Qingdao court auctions  ReutersCommodity traders Glencore PLC and Trafigura [TRAFGF.UL] have picked up a combined 70479 tonnes of aluminum over the past week by winning online ...
Auctions, Results & Fairs  The Irish TimesBrooches and peridot pieces, rare U2 items, 14.5ct diamond tennis bracelet.
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Karnataka govt defers auction of Donimalai iron ore mine  MoneycontrolThe Karnataka government has deferred the auction of the Donimalai iron ore mine. The development comes soon after the Centre's Mines Tribunal kept in ...
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President Obama's high school basketball jersey sold for $120,000 this weekend in online auction  CNBCThe No. 23 basketball jersey believed to have been worn by President Obama when he was a high school senior sold in an online auction for $120000.
Last orders: Rise of closing auctions stirs worries in European stock markets  ReutersThe final five minutes of trading have become the busiest time of day for stock market traders in Europe.
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Centre relaxes timelines, sweetens deal in coal auctions  BusinessLineAllows more time to develop mines; greenlights partial open-market sales.
Turkish Treasury borrows $830.5M through auctions  Hurriyet Daily NewsThe Turkish Treasury borrowed a total of around 4.67 billion Turkish liras ($830.5 million) from domestic markets on Aug. 19, according to an official statement.
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CII urges government to lower base price for 5G spectrum auctions  Economic TimesIn a representation submitted to the government, the CII made a case for a lower 5G spectrum reserve price, the auction for which is expected to be held later this ...
Odisha to resume auctions of mineral blocks after one-year delay  Business StandardAfter a one-year delay, the Odisha government is preparing to auction eight mineral blocks - a mix of six virgin blocks and two merchant mines that will see their ...
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Mexico auctions property once owned by criminals for good cause  Aljazeera.comCritics of President Obrador have called the auctions a populist measure.
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Heritage Auctions – Seldom Seen Selections: Proof 1975 No S Dime, Only Two Known  CoinWeekListed in first place in the third edition of the 100 Greatest U.S. Modern Coins, the 1975 No S proof Roosevelt dime is one of the rarest issues in all of.
The spectrum-pricing muddle: why TRAI must amend its reserve-price methodology in upcoming auctions  Economic TimesInstead of high base prices linked to previous auctions, it may be wiser to let the bidders compete and discover the market value of spectrum. It's an approach ...
Former town of Matoaka holds asset auction  Bluefield Daily TelegraphMATOAKA — The former town of Matoaka is officially no more after all former town assets were sold at an auction on Saturday.
Air India stake sale: Over 60 real estate assets on auction  Moneycontrol.comHighlights: - The carrier is auctioning a residential building in Mumbai, besides some flats in Delhi and other places - MSTC, which specialises in conducting ...
What happens when seized goods go up for auction?  BBC NewsA Ferrari and two Rolexes are among the items once owned by criminals being sold at auction.
Oregon Wine Experience: Auction items, generosity take center stage  Mail TribuneAbout 900 attendees of the Oregon Wine Experience were greeted Saturday at the entrance with a wine glass, which was then filled with some of Oregon's best ...
The richest car sale of the year: $380 million of wheels set for auction at Pebble Beach  CNBCFor the wealthy collectors who converge from across the globe on Monterey Car Week, the biggest spectator sport over the weekend is the auctions.
High stakes for 5G auctions  Financial TimesCould Europe and India be handicapping their development of 5G services by making operators pay too much for the radio spectrum they need? In today's Big ...
The 9 Coolest Cars Up for Auction at Monterey Car Week 2019  ForbesFrom a 1939 Porsche to two ferocious Ferraris from the '50s to a 1995 Vector M12, these are the best vehicles up for auction at Monterey Car Week 2019.
The man on the phone: What's it like making history's highest auction bid?  CNNIn 2017, an anonymous buyer paid $450 million for Leonardo da Vinci's "Salvator Mundi." But it was down to Alex Rotter, on the other end of the telephone, ...
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Coonoor tea auction volumes fall again  BusinessLineThe falling trend witnessed in the volume coming up for the auctions of Coonoor Tea Trade Association in the past few weeks continued this week with the ...
Elvis Presley's Lincoln Limousine "Family Car" Is Hitting the Auction Block  Mental FlossElvis Presley not only liked peanut-butter-bacon-and-banana sandwiches, he also loved cars. The King owned more than 100 automobiles, including several ...
Kenya Airports Authority auctions abandoned aeroplanes  BBC NewsThe Kenya Airports Authority has overseen auctioned planes abandoned at Nairobi's Wilson Airport.
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HMDA to auction 200 acres in Kokapet, likely to net Rs 5,000 crore  Times of IndiaHYDERABAD: The Hyderabad Metropolitan Development Authority (HMDA) is planning to auction 200 acres in Kokapet in Rajendranagar mandal, which is ...
SMX replay: Visualizing Auction Insights data for competitive intelligence  Search Engine LandUnderstanding the metrics in Google's Auction Insights and visualizing the data can give a clearer view of your account's performance. James Hebdon ...
1923 Packers stock certificate exceeds expectations at auction  Green Bay Press GazetteA rare 1923 Green Bay Packers stock certificate was auctioned off on Saturday for more than double the estimate.
Dairy product price index dips for sixth time in seven auctions  New Zealand HeraldThe dairy product price index slipped at the Global Dairy Trade auction, moving lower for the sixth time in the past seven auctions, even as whole milk powder ...
Steve McQueen's 1968 Mustang from Bullitt up for auction after 45 years with Nashville family  CBC.caTo Sean Kiernan, the Ford Mustang GT Fastback Steve McQueen drove in the 196 film Bullitt will always be his dad's car.
Gallery: Rare Ferrari, Porsche, other exotic cars sold at auction  Fox BusinessThese are some of the most expensive cars that sold in Monterey, California.
Weekend auctions suggest Melbourne’s property market is firmly clawing its way back  Domain NewsStrong auction sales at the weekend suggest Melbourne's property market is firmly clawing its way back to a healthy position. Clearance rates were above 73 ...
Auction sale rates peak across capitals  7NEWSThe rate of properties being sold at auction across Australia has reached its highest level in more than two years.
A century of Coca-Cola memorabilia up for auction in Calgary  CTV NewsA century of Coca-Cola memorabilia made up of more than 1000 items is up for auction in Calgary.
Marilyn Monroe Outfits, Once Owned by Debbie Reynolds, Up For Auction  Hollywood ReporterMarilyn Monroe costumes from 'Gentlemen Prefer Blondes,' 'There's No Business Like Show Business' and 'River of No Return' are among the 115 items that ...
This by-invite-only Viber thread is an auction house, and it helps patients pay hospital bills  ABS-CBN NewsPeople normally hate Mondays. But members of a Viber group named Art Rocks look forward to Mondays of August, which is the first day of the week when they ...
Bidders, sellers disagree on values at Monterey auctions  The ClassicCars.com JournalAlthough Bonhams and RM Sotheby's added an early and extra day to the annual collector car auctions that take place during Monterey Car Week 2019, with ...
Melbourne auctions: Stand-out houses smash their reserves by as much as $225,000 amid lack of stock  Domain NewsBuyers are paying hundreds of thousands more than the vendors' asking price at auction for select prized properties due to the uncharacteristically low winter ...
Top Chinese auctions executive Rebecca Wei leaves Christie’s  South China Morning PostResignation of one of the most senior Chinese executives in the auction world surprised art market insiders, and apparently Christie's staff; Wei is close to ...
Sydney Airport lost property auction includes laptops, booze and a metre-tall zebra  7NEWSOne traveller's lost luggage is soon to be another's treasure, with thousands of items found at Sydney Airport going under the hammer for charity. A metre-tall ...
Going, going, gone: Derry Rotary Club hosts benefit auction  Eagle-TribuneDERRY — The Fireye parking lot on Saturday was filled with furniture, toys, antiques, and housewares — all up for bid and going fast for a good cause.
1987 Cult Video Game Expected to Sell for $10000 in Auction  TIME(RENO, Nev.) — An unopened copy of a 1987 cult-classic video game that a Nevada man found in the attic of his childhood home is expected to sell for up to ...
Elvis Presley's long-hidden Lincoln limousine up for auction  Fox NewsElvis Presley's pal Wink Martindale reveals why he 'broke down' after seeing The King for the last time. Radio personality and game show host Wink Martindale ...
Lawsuits could change foreclosure auctions in Lansing region  Lansing State JournalClass-action lawsuit against Ingham County maintains auction profits should go back to homeowners who lost property.
Silent Auction For Taste of Knowledge Is Now Live!  Los Alamos Daily PostThe online silent auction for Taste of Knowledge is now live! It will close at 7:30 p.m. Sunday. There are 62 silent auction items generously donated by local ...
‘Great deal’ at home foreclosure auction turns out to be red hot  Sun SentinelWhen it comes to county auctions, it's buyer beware. But a Boca Raton investor lucked out after buying a home he didn't know had burned down.
AUCTION: Million dollar home fails to sell under the hammer  Queensland TimesPotential buyers urged to act fast, with negotiations under way.
Auctions drive landmark sales  New Zealand HeraldBayleys says its commercial and industrial listings magazine Total Property has helped drive some of the country's landmark real estate sales. As the publication ...
Why more Melbourne properties are selling well above their auction reserve price  Domain NewsAcross Melbourne, houses are smashing their reserve prices at auction, which some say is a sign the property market has turned on a dime. But agents say ...
Rare props from 'Star Wars,' 'Batman' and other classics up for auction  New York Post Some of the artifacts going under the hammer include: the armor Russell Crow wore in "Gladiator" (valued at more than $36000); Jack Nicholson's axe from "The ...
£2.3 Million in Seized Luxury Goods Offered at Wales Auction  Barron'sDesigner shoes, Rolex watches, and a Ferrari are among an estimated £2.3 million (US$2.8 million) worth of luxury goods seized from criminals that will be ...
Sydney auctions: Young investor splashes $1.26 million on run-down Lewisham house, $310,000 above reserve  Domain NewsA run-down house in Sydney's inner west was handed from one investor to another despite stiff competition from half a dozen owner-occupiers looking to ...
China court puts Fanya exchange's rare earth stock up for auction  ReutersThe Chinese court auctioning off inventory formerly held by the now-defunct Fanya Metal Exchange has put two batches of rare earths, with a market value of ...
Auction of one-of-a-kind Porsche falls apart after bizarre bidding error  MarketWatchA much-hyped car auction sputtered out in the weirdest way Saturday.
County to auction more than 120 properties  oswegocountynewsnow.comOSWEGO — The annual Oswego County Tax Auction is set to take place Oct. 5, in Mexico, offering bidders a selection of approximately 120 foreclosed ...
Aquis turnover in new closing auction totals 208 million euro since August 13  ReutersTurnover on Aquis Exchange Plc's new end-of-day auction has totalled some 208 million euro (£190 million) over the past week, a spokeswoman said, the latest ...
The popularity of rare and first edition books at Indian auction houses  Business StandardIn the universe of rare book collectors, Sunil Baboo's reputation precedes him. A few years ago, his son Akshay, a winemaker, approached an antiquarian book ...
Auction flop leaves vintage car without buyer  Deutsche WelleThe hotly anticipated auction of a 1939 car designed by Ferdinand Porsche ended without a sale after a spectacular numerical blunder.
Allen County Fair auction benefits the youth | News  Your News NowOn Saturday the Allen County Fair hosted a unique auction that benefits youth in the area.Over 50 wood carvings, glass items and wine were auctioned off on ...
Mint condition Pokemon cards sell for $100,000 at auction  Moneycontrol.comSetting a record in Pokemon frenzy, a buyer just shelled out $107,010 at an auction to acquire an entire set of the first edition Pokemon cards printed in English ...
Brisbane auctions: Original Balmoral beauty puts buyers in a spin  Domain NewsIt was 1983 when the owner of this hilltop Balmoral property stood out the front and watched her mum place the winning bid – $75000 – for her at the auction.
News Roundup: The heaviest GT500, a US$20M auction mistake and Trump’s latest auto tirade  DrivingThe 2020 Mustang Shelby GT500 tips the scales, Trump Tweets at automakers, RM Sotheby's blows the sale of a super-expensive Nazi Porsche and more.

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