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Featured Auctions Articles

eBay Listing Service : Make Managing Your Auctions Easy
Do you want to have a lot of auctions going but don't have time to keep track of them all? Trust me, you're not alone. With more and more people making significant portions - if not all - of their income from their eBay auction websites the need has ...

Online auctions can be fun and lucrative
When the Internet became popular in the mid-1990s, one of the first things users realized was its business potential. If you can do business in a store or through a catalog, why not through a Web site? And soon online auctions were born. Online auctions ...

Should I Buy a Car at A Car Auction?
Should I Buy a Car at A Car Auction?Car/Auto Auctions have been around for years and dealers get a lot of stock from auctions. But for the average person buying a car from an auction is not so simple.Yes, you can get a cheaper car, but you the reason it ...





The Ins And Outs Of A Government Auction
 
One of the best-kept secrets of commerce is the government auction. The government often seizes property and merchandise from criminals who obtained the items with ill-gotten funds. It might be police, the IRS, Customs or the DEA that confiscates the merchandise. The government then holds public auctions to divest itself of it and convert it into cash, which can be used to prosecute the offenders or to repay the victims.

Many people who frequent these auctions have bought new cars for mere hundreds of dollars, or other valuable merchandise at a fraction of the usual cost. The only trick is finding out where and when these auctions are.

Like most things, the information is available on the Internet. However, you must beware: Many sites claiming to give you access to vast, comprehensive lists of every upcoming government auction are scams, taking your $39.99 and giving you a lot of worthless Web site links in return. On oltiby.com, all public or government auction are free listing, free bidding.

The fact is, there's no reason to pay ANYTHING to find your nearest, soonest government auction. The government wants you to buy the merchandise; hence, they make auction information readily available. The U.S. Treasury has a Web site (http://www.treas.gov/auctions/) that has links to various categories of auctions. In general, if the Web site address has .gov in it, it's an official government site and will provide reliable, free information about auctions.

The U.S. government even sponsors some auctions online, through the site gsaauctions.gov. It's not as streamlined as eBay, but it allows you to bid on items without being present at the public auctions. If something large like a house, boat or car is what you're looking for, a government sale could prove to be one of the cheapest ways to get it.





Auctions News



ABC News (blog)

Reagan's son says auction of vial purportedly containing late president's ...
Fox News
Ronald Reagan's son said Tuesday that the online auction of a vial purportedly containing the late president's dried blood is "bogus" and demanded the auction be canceled. "It's so bogus that whoever is doing it is lying to everybody," Michael Reagan ...
Foundation objects to auction of purported vial of Reagan's bloodReuters
The Proposed Auction of Ronald Reagan's Blood Isn't SurprisingThe Atlantic
Reagan Foundation Blasts 'Craven' Blood AuctionABC News (blog)
CBS News -NPR (blog) -Washington Post (blog)
all 552 news articles »

ABC News

Disputed dinosaur fossil auctioned for $1M in NYC
BusinessWeek
By JENNIFER PELTZ A dinosaur dispute is brewing between the Mongolian government and an American auction house, which sold a fossil of a fearsome T. Rex relative despite a court order not to. The 8-foot-tall, 24-foot-long skeleton of a Tyannosaurus ...
Dino fossil sold in controversial auctionWTAM.com
Dinosaur Auction: Tyrannosaur Skeleton Fetches $1 Million Despite ObjectionsHuffington Post
Dinosaur Dustup: Auctioneer, Mongolia Battle Over $1M BonesABC News

all 290 news articles »

Bloomberg

Treasurys Fall Ahead of Auction, EU Summit
Wall Street Journal
The Treasury Department is scheduled to sell $35 billion in two-year notes in the afternoon, kicking off this week's trio of auctions. Nomura's rate strategy team noted that while these short-dated notes currently offer decent value, it expects "weak" ...
Treasurys fall as stocks gain; auction on tapMarketWatch
Treasuries Fall Third Day Before European Summit, Note AuctionsSan Francisco Chronicle
Treasury Auctions Set for This WeekNew York Times
Reuters -Bloomberg -NASDAQ
all 87 news articles »

Spanish, Dutch Funding Costs Move Opposite At Auctions
Wall Street Journal
By Emese Bartha Spain's borrowing costs rose further at Tuesday's Treasury bill auction, underlying the market's unease with the country's funding sustainability as bank recapitalization needs, frail finances in some of its regions and an upwardly ...

and more »

New York Daily News

Babe Ruth's jersey sold at auction: Piece of Yankees' history has mighty price tag
newjerseynewsroom.com
SCP Auctions sold this past weekend a New York Yankees jersey from the 1920s worn by Babe Ruth for $4.4 million at an auction according to the Los Angeles Times. The jersey is known to have been Ruth's earliest uniform during his time with the Yankees.
Babe Ruth jersey fetches a 'Ruthian' $4.4 million at auctionChicago Sun-Times
Babe Ruth's Yankees jersey sells for record-setting $4.4M at auction; Lawrence ...New York Daily News
Babe Ruth jersey sells for record $4.4 million at auctionToronto Star
Sacramento Bee -HuskerExtra.com
all 424 news articles »