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The Ins And Outs Of A Government Auction
One of the best-kept secrets of commerce is the government auction. The government often seizes property and merchandise from criminals who obtained the items with ill-gotten funds. It might be police, the IRS, Customs or the DEA that confiscates the merchandise. The government then holds public auctions to divest itself of it and convert it into cash, which can be used to prosecute the offenders or to repay the victims.
Many people who frequent these auctions have bought new cars for mere hundreds of dollars, or other valuable merchandise at a fraction of the usual cost. The only trick is finding out where and when these auctions are.
Like most things, the information is available on the Internet. However, you must beware: Many sites claiming to give you access to vast, comprehensive lists of every upcoming government auction are scams, taking your $39.99 and giving you a lot of worthless Web site links in return. On oltiby.com, all public or government auction are free listing, free bidding.
The fact is, there's no reason to pay ANYTHING to find your nearest, soonest government auction. The government wants you to buy the merchandise; hence, they make auction information readily available. The U.S. Treasury has a Web site (http://www.treas.gov/auctions/) that has links to various categories of auctions. In general, if the Web site address has .gov in it, it's an official government site and will provide reliable, free information about auctions.
The U.S. government even sponsors some auctions online, through the site gsaauctions.gov. It's not as streamlined as eBay, but it allows you to bid on items without being present at the public auctions. If something large like a house, boat or car is what you're looking for, a government sale could prove to be one of the cheapest ways to get it.
Auctions News
Family of "The Big Bopper" Plans Casket Auction - WOAI BEAUMONT, Texas (AP) - Rock 'n' roll's most macabre historical artifact will go on the block when the family of the late 1950s pop star J.P. "The Big Bopper" Richardson auctions his casket on eBay sometime in the next few weeks - almost 50 years ...
Sunil Jain: Third generation problems - Business Standard With 8-10 million new mobile phone subscribers each month and most existing firms starved of spectrum, you’d think auctioning new 3G spectrum would be a piece of cake. And given how firms like Etisalat and Telenor have just paid Swan Telecom and ...
India May Delay 3G Auction, Raise Prices - BusinessWeek Long-awaited 3G and Wimax auctions may be pushed back to mid-February as the government mulls a Finance Ministry request to double the minimum bid prices India's long-awaited 3G and Wimax auctions may be delayed yet again, as the government considers ...
Are Online Penny Auctions Actually Gambling? - Tech Dirt A few weeks back, we wrote about a site that seemed to have modified the old "dollar auction" concept and created a borderline evil business plan that would get plenty of people to pay money to "bid" on way underpriced goods. People keep bidding ...
