WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Surplus auctions are government auctions where the different agencies of the government sell their surplus, confiscated and forfeited items to the general public. Here, you can buy a variety of new and used government owned assets. And, anyone can bid in these auctions, really. The different assets included in these auctions may come from your local, county or state governments with the different government agencies and authorities like schools etc. all contributing to the auctions. The items from these government surplus auctions are usually affordable and authentic.
Here is a list of items to give you a general idea of what kinds of things are being auctioned off at these auctions:
You can buy any of these things at a government surplus liquidation auction. However, it is important to note that no surplus auction has all of these items available at one time. An auction will only have a particular selection of items available depending on what things the government has in surplus equipment and is able to auction off to the general public. Another important thing to note would be that no police or military equipment that is dangerous is sold just like that - they are first rendered useless. For example, you can buy an actual tank at a military surplus auction but you can only drive it and it will not be able to fire its cannon. You will also need the required licenses and permissions to buy such equipment.
Finding the right government surplus auction for you might become a hassle if you choose to go through each individual government listing as they are spread all over the internet and some auctions might be for only one item like unclaimed freight auction online listings will only sell unclaimed freights - nothing else. That is where Locate Auctions come into play. Locate Auctions has a huge database of government surplus auctions that you can browse through in one place. You can go through these lists and check what items are available at what auction. This will help you narrow down your searches and find what you are looking for.
Are you a model train enthusiast? We have a variety of model train auctions to browse through.
Return back to Locate Auctions