Shopping With Uncle Sam – A Breakdown Of Government Auctions
A Retailers Bargain Paradise?
We have all heard about the amazing deals you can find at government auctionsthe planes, trains, and automobiles your neighbors uncles cousin picked up for a song. But how true are these stories? Are government auctions really a good source for purchasing products for resale? The answer to that is they CAN BE, but you have to know what you are doing.
Where do Govt. Auctions get their products?
Government auctions are can be held online, live in-person or sealed-bid. They acquire their products from two main sources-
1.Goods they seized due to criminal activities or delinquent taxes.
2.Goods an agency of the government has but no longer needs.
According to Ian Aronovich, president and CEO of http://www.GovernmentAuctions.org , the reason that the auctions can provide such great deals is that the government either attained [the items] for free or cheap and because the government does not have a traditional profit like a corporation does. Theyll sell to the highest bidder even if theyre getting less than market value.
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