Government Auctions

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Government Auctions

There are all kinds of auctions -- government, dealers only, strictly retail, or a combination.

Normally, you can tell what kind it will be by the auctioneer company (once you get to know them) and the manner in which it is advertised. If it is advertised openly, it is not for dealers only. If you go to 10 different auctions and watch carefully, you can pretty well tell how they operate -- which means you can probably "take care of yourself."

What most government auctions are is simple. Your regional government is selling off items they either don't need, don't want or seized in a raid.

Government auctions can be a little different. Some of them are by sealed bid where it is very difficult to tell how much it will take to buy a given lot. The smart dealers bid low on many different things and only get a few -- but those few are real bargains.

In a government or any surplus type auction, it is extremely important to get there early and make a thorough inspection of anything that you might bid on. If others ask you, be sure to point out flaws if you want to buy it. The ones who ask will be mostly amateurs -- the pro's don't ask unless they know you (they don't tell you much even then).

Are their deals to be had? Sure, if you want an old computers or a beautiful 1975 office desk. There are usually some good boats, cars and trucks but they go for at least close to list. Cars for pennies on the dollar just don't happen.

When you know how and where to buy your merchandise at the right price, you can offer your customers real bargains and still make a nice profit for yourself (probably much more than conventional stores, even though their prices are higher).

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