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The Benefits of a Phoenix Police Surplus Auctionby Deb Weidenhamer,President & CEO
Surplus personal property confiscated by a police department is typically auctioned to the public.
Held on a regular basis, Phoenix police surplus auctions present opportunities for bidders to receive great deals on all kinds of merchandise, including big ticket items.
This presentation will provide Interested bidders information ahead of time what’s being auctioned and can inspect items prior to bidding.
Can you really get a good deal at a Phoenix police surplus auction? Stories abound about people getting items at rock-bottom prices. Some people may think it’s too good to be true and look for the “catch,” like added costs or poor item quality.
But the skeptics may be pleasantly surprised once they learn more and attend their first police auction.
Police departments handle and store seized items and evidence used in court cases.
When the items are no longer needed, they may be given back to the original owner, destroyed or sold at an auction, depending on what the law dictates.
Surplus personal property, such as what the police department has confiscated, is usually disposed of at an auction conducted by an outside auction service.
These auctions are held on an ongoing basis. Interested bidders can learn ahead of time the items for auction and can inspect them prior to bidding.
Phoenix police surplus auctions offer a wide range of benefits for bidders:
Large Variety. Phoenix police surplus auctions have something for everyone. Because the items come from confiscated, forfeited or surplus property, bidders can expect a diverse laundry list. Typical items include jewelry, electronics, tools, antiques, memorabilia and other collectibles, appliances, household items, sporting goods, furniture, commercial property and even cars, boats and trailers.
Reduced Prices. It really is possible to get all sorts of merchandise, including big ticket items, at bargain prices. Because police departments are more concerned with reducing inventory than making a profit, items can sell at 40%-90% discounts.
Proven Process. Unlike eBay where individuals conduct their own auctions, Phoenix police surplus auctions are conducted by a third-party auction house. Acting as an agent for the police agency, the auction house controls the products and all aspects of the bidding process.
Easy Bidding. Most Phoenix police surplus auctions are simulcast auctions, meaning they allow onsite as well as Internet bidders to compete against each other. Auction houses give advance notice of upcoming auctions, as well as list all items for sale.
Item Preview. Items sold at a Phoenix police surplus auction carry no guarantee and are sold “as-is, where-is.” However, auction houses offer previews prior to the auction. Potential buyers are able to inspect and test items prior to bidding.
Straight-Forward Terms. Whether bidding online or in person, bidders may be required to register prior to the auction. Registration is free for most Phoenix police surplus auctions. To encourage serious bidders, registration may require a credit card and the auction house may put a hold on the card in an amount between $20 and $200, depending on the type of auction. The hold is released at the end of the auction. Items are paid for at the end of the auction using cash, certified funds, travelers checks or a major credit card.
Prospective buyers have the opportunity to thoroughly inspect items before bidding. In addition, important documentation will be included unless otherwise noted in the listing. For example, a title will accompany a vehicle purchase. Reputable auction houses will refund purchase prices for items described incorrectly.
To take maximum advantage of any auction, you should first familiarize yourself with its procedures. You can review bidding requirements at the auction house’s web site. You can also decide to participate as a visitor to learn the ropes before actually bidding.
Phoenix police surplus auctions take place on a regular basis and are advertised prior to the event. Dates, locations and item lists can be easily found in newspapers and web sites. These auctions present huge opportunities for bidders to receive great deals on tons of items. The potential rewards easily outweigh any risk.
Deb Weidenhamer is President of Auctions Systems Auctioneers & Appraisers, Inc., based in Phoenix, Arizona. They specialize in auctions and professional appraisals. Visit us at http://www.auctionANDappraise.com or call 800-801-8880 for more information about Phoenix police surplus auctions.