Boulder, Colo., police started using PropertyRoom.com in 2007, mainly to unload property that couldn't be traced back to the owners. Before items are put up for auction, they are posted on the police department’s Web site for four weeks. Previously, the department had been stuck holding onto items for up to three years, said spokeswoman Sarah Huntley.
After over 40 years as a family owned restaurant and staple of Golden the owners of The Briarwood Inn have decided to move on to other life adventures. This public online auction to include: heating and cooking equipment, roll in convection oven, refrigeration, plating and catering for large banquets, smallwares, dining tables and chairs, bar equipment, wine cellar racks, chandeliers, imported antiques, patio furniture, fountains, outdoor lighting, sheds and a Large digital outdoor street sign.
Unless the government will be able to find good use of these cars, they are often sold to the public. Otherwise, they're not only going to keep inventory but they have to spend for their maintenance. Though government car auctions may spell boon for people who have been dying to possess their very own luxury car, there are also disadvantages that you need to consider:
Payment methods. A government auction accepts many modes of payment from credit cards or bank checks to cash. It is recommended to ask the auctioneer about the modes of payment involved before the auction starts. Besides the bidding price of the car, an additional buyer's premium fee is added onto the total. This fee is normally 5 percent of the winning bid