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.
"There are two types of public auctions," explains Steven Lang, who runs a used car dealership in the Atlanta area and once owned a dealer auction (not open to the public). "There are government auctions and there are public auctions." Both are full of potential pitfalls. Here's a quick rundown on both and 10 tips for getting the most out of either. That is, if you dare to venture into the auction pit.
2001 Diesel Turbo Isuzu Box Truck, Asst Punch Presses: Clearing 45 ton OBI, Niagara 35 ton, Walsch #55 ton, Johnson 60 ton, Minster #6 OBI 60 ton, Bliss 20 ton, American Compressor 7.5HP,Ulite Poly Stacking Machine, Bandsaw Welder, Surface Grinders: Harig Super 612 & Boyar Schultz, Ingersoll T-30 Air Compressors, Big Joe Electric Power Loaders, Fumex & Smog Hog HV Air Cleaners, Acme & Chicago & Milford Rivet Machines, Filter Pumper #FSP40-2-304SS, Freemont Phosphatizing Syst, Forklifts: Alice Chalmers #3-5000lb, Clark Standup 1600lb, Powder-Coating Curing Oven Master Light Mod7815, Wheelabrator Steel Shot Blaster, Nordson Select Coat Sys, Pro Mig 135 Welder, Asst Power Tools, Table & Radial & Band Saws, Drill Presses, Hand Tools, Calipers, Webster & Coleman Hardness Testers, Air Tools, Drills, Grinders, Sanders, Astd Power Coating Tools & Equip & Supplies, Numerous Tool sets, Astd Tool Chests & Boxes, Material Handling & Warehouse Equip, Crown 4000lb Rousselle 10 ton and other Pallet Jacks, Steel Shelving Racking & Trees, Rolling Carts, Plastic Gaylords, Astd Worktables & Benches & Cabinets, Office furniture & fixtures & equip, Asst Metal Fencing & Tubing, Ladders, Asst Aluminum Coils (8, 8.5, 9.25, 10 inch) & Feeders, Cardboard Box Skids, Portis Industrial Sewing Machines, Toledo Floor Scale, EZ Go Golf Cart & Much More
ANTIQUES - COLLECTIBLES TOYS & MORE Thursday, March 21, 2019 at 5:30 PM Reynolds Auction Co., Inc. 3569 Palmyra-Newark Road, Palmyra, NY 14522 The Following is from the Estate of Dr. Goria Russell, a long time collector & part time dealer and from a local consignor. RUGS: Heriz 7' 7" x 10' 5"; Sparta 8' 1" x 8' 9"; Chinese 9' 2" x 11' 10"; [ View Full Listing ]
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.