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Between 2008 and 2011, Liquidity Services acquired four new marketplaces: Network International, GovDeals, TruckCenter.com, and the remarketing business of Jacobs Trading Company. [13] In 2012, it acquired GoIndustry DoveBid, a provider of surplus asset management, auction, and valuation services. [14] In 2015, the company lost two large contracts.
Government property sold at public auction may include surplus government equipment, abandoned property over which the government has asserted ownership, property which has passed to the government by escheat, government land, and intangible assets over which the government asserts authority, such as broadcast frequencies sold through a spectrum auction.
Some military surplus dealers also sell military surplus firearms, [2] spare parts, and ammunition alongside surplus uniforms and equipment. Demand for such items comes from various collectors, outdoorsmen, adventurers, hunters, survivalists, and players of airsoft and paintball, as well as others seeking high quality, sturdy, military issue garb.
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The Surplus Property Board (SPB) was briefly responsible for disposing of $90 billion of surplus war property held by the United States government in the final year of World War II. [1] Created by the Surplus Property Act of 1944 , [ 2 ] the Board functioned for less than nine months, before being replaced by a more streamlined agency.
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[8] [9] In October 2016, the state government's surplus operations ran an auction for Hiyu, ending with no sale. [10] A second auction for the vessel later in the year also failed to find a buyer, [ 11 ] but in February 2017 the state reached an agreement to sell Hiyu to a private buyer who would use her as a floating entertainment venue on ...
GCSurplus is a Canadian government department responsible for handling moveable Crown assets that a federal department or agency has declared as surplus under the Surplus Crown Assets Act (R.S., c. S-20, s. 1). [1] Surplus assets are typically auctioned off to the public through the GCSurplus website. [2]
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