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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.
Notable auctions conducted by Bid4Assets include: In 2000, Bid4Assets became the first online auction site to be awarded a GSA contract. That same year, Bid4Assets began conducting forfeiture auctions for federal law enforcement, which became the first public auctions to be conducted entirely over the internet.
The idea for the company was developed after observing a large amount of abandoned, seized, and recovered goods in the police property and evidence rooms. If police agencies are not able to return the stolen merchandise to the rightful owners, by law they must sell seized, recovered, found, and unclaimed personal property at public auction. [1]
Texas Lt. Gov. Dan Patrick said U.S.-owned border wall materials, which were available for sale, were pulled from an Arizona auction at the government's request. The Lonestar State had shown ...
The assets for sale in the auction are located in the former Stanley Bostitch building in East Greenwich, located at 10 Briggs Drive. Members of the public are able to take a look starting at 10 a ...
A property expert based in Abuja estimated that the seized assets would be worth tens of millions of dollars on the market. Corruption remains one of the biggest problems in Nigeria despite ...
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]
The French Agency for the Management and Recovery of Seized and Confiscated Assets (AGRASC) said that it would auction 611 bitcoins, which amounts to over $34.8 million at the current price.
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