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Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.
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Some authorities commission auctions through various contracted auctioneers. Others hold online auctions through various websites. [3] Lots at police auctions range from brand new or graded from A down in used condition, or goods may be slightly marked. All items listed in any police auction are available for viewing and inspection prior to the ...
After the live auction world's hiatus caused by the COVID-19 pandemic, Gooding & Company made headlines by selling the top two cars at auction in 2021 at its Pebble Beach Auctions: the 1995 McLaren F1, sold for over 20 million dollars, and the 1959 Ferrari 250 GT LWB California Spider Competizione, sold for over 10 million USD.
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Military tanks to be auctioned in California. ... Among the tanks up for auction is a World War II German Panzer IV tank, which is expected to fetch as much as $2.6 million, and an M4 "Jumbo ...
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