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Saving Money With Government Auctions By Gabriel Adams Government auctions are where items that various government agencies have seized are sold, often at excellent prices. With a little knowledge, you can save some money with government auctions. Here is some basic information and tips to help you make the most of government auctions.
What items are for sale at government auctions?
Usually, big ticket items, such as vehicles, houses, land, boats, airplanes, computers, etc.
Where have the items come from?
Usually, the items have been seized by a government agency. Items might be seized in a raid, repossessed due to unpaid taxes, etc. Agencies that seize and sell items include the FBI, IRS, police departments, DEA (Drug Enforcement Administration), etc.
How are items sold?
Depending on the auction, items may be sold at an internet auction, at a fixed price, or at a conventional auction.
How can I find out about items for sale?
There are many ways to find out about items for sale. Searching the internet will provide you many websites that list government auctions.
Some of the sites require a paid membership, others are free.
Tips for buying at government auctions
Look carefully at items you wish to bid on or purchase. Items are almost always sold as is, meaning that if it does not work as you expected it to, or other problem, arise, you cannot return the item.
If there is a preview for the auction you plan to attend, take advantage of it. In some cases, the items will not be available for review during the auction, so it is advisable to attend the auction preview to look at items you are interested in.
What other auctions can I attend to save money?
You may also want to check out foreclosed property auctions. Items at these auctions have been seized by a bank due to non payment of the loan on the item.
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A set of three X-rays of Marilyn Monroe's chest was auctioned in June False teeth belonging to Sir Winston Churchill have sold for £15,200 at an auction in Norfolk. But they are not the only strange items to have gone under the hammer. From false teeth and half...
Winston Churchill's false teeth were specially made to preserve his lisp A partial set of false teeth made for Sir Winston Churchill has been sold for £15,200 at an auction in Norfolk. The dentures, sold by Keys in Aylsham, had been expected to fetch a maximum of £5,0...
Sir Winston Churchill served as prime minister from 1940 to 1945 and then from 1951 to 1955 Sir Winston Churchill's entire archive of papers is to be published electronically in libraries for the first time. The public will be able to access more than one million pages of docume...
Stephenson & Son have the following For Sale: STRAW FOR SALE at Fulford and Elvington, York. At Fulford, York, the straw comprises 73.33 Acres or thereabouts of Winter Wheat and 51.93 Acres or thereabouts of Spring Barley. The land is situated approximately 2 miles south of York, with acc...
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