These programs are meant to benefit taxpayers as a whole, but could they benefit you, the individual taxpayer? Can you bag a bargain at a government auction? "GSA's goal is to maximize return to the federal government," the GSA spokesperson said. So they're not giving this stuff away. In fact, the government sets "reserves" or minimums for the most valuable property it auctions off. But judging from a wide tour of current government auctions and bids, there are still opportunities to walk away with valuable goods for a great price. Here's a look at who's selling what, where, and for how much.
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:
Treasury Department Auctions: The other agency very active in holding auctions is the Treasury Department, with roughly 300 sales per year. Treasury often offers in-person previews in California, Florida, New Jersey and Texas. Treasury auctions off "property forfeited as a result of violations of federal law enforced by the Department of Treasury or nonpayment of Internal Revenue Service taxes," according to its website. There are many categories of goods, including concrete items like antiques and coins but also less tangible property like stocks and patents.
Apple iPODS, Laptops, Bose Sound System, Sharper Image Ionic Purifier, Electrolux Vacuum, Carpet Shampooers, Dyson Vacuum, Vintage Items, Singer Sewing Machine, Boombox, Games, Video Games, Toys, Vintage Toys, Records, Barbie, Mickey Mouse, Disney, Playskool, Fisher Price, Smurfs, Motorcycle Helmets, Football, Minolta, Epson, Black And Decker, Roland, Drums, Hoover, Oreck, Bushnell, and MUCH MORE!
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.
We were in the process of downsizing when a friend attended a program by Mr. Will Farmer on appraising, auctions and today’s styles and trends. She relayed that our mid-century modern furniture was back in vogue. We were familiar with the Farmer name from Antiques Roadshow, but knew little about the auction business. We showed Will Farmer, now owner of the business, photographs of our furniture and he was interested. He came to our home, looked at the furniture, described the auction process and carefully reviewed the contract we would sign. From start to finish the entire process was very professional. The Salem, Virginia gallery is spacious and well organized with plenty of parking. The entire staff is very friendly and courteous. The movers were very nice and careful. We were kept informed at every step. We were given a possible range of prices each item might bring, but no promises were made. Auction day was fascinating and fun. Some items brought more than expected and some less. In the end it was a wonderful experience and one we would not hesitate to do again.