When attending a police auction, you have the opportunity to bid on anything from jewelry to office equipment to a car. Where does this vast assortment of merchandise come from? It depends on the type of police auction.
Some police auctions are conducted to get rid of unused inventory. Anything that has outlived its usefulness for the department is fair game to be sold at auction. In this case, you can bid on office equipment, computers or even a police car beyond its useful service life.
In other types of police auctions, buyers can bid on seized property used during a crime. Anything used in conjunction of a crime can be confiscated by a police department. Or, anything a criminal bought with money gained from a crime is fair game for confiscation.
So, you can see how wide a variety of items can become available at an auction for seized property. Anything goes really. You can find unique collectibles, antiques, jewelry, household items, and yes, even high-end vehicles.
In fact, buyers often attend police auctions not knowing what they want to purchase ahead of time. Part of the fun is seeing what’s available at a good price. You never know what you’ll find. And, you’re likely to get some great deals.
What You Need to Know Before Attending a Police Auction
The first step in getting a good deal at a police auction is doing some homework before you start to bid. Make a point of understanding how these auctions are conducted in your area. What are the rules and regulations for bidding? What requirements exist to participate?
Visiting the auctioneer’s website should give you some very useful information. Not only do reputable auction houses give very detailed information about upcoming auctions, but they might have some great resources for you to learn more about the whole police auction process.
Then, you should attend one or two auctions to get the hang of what happens. Most auctions are free to the public, so all you have to do is show up. If you feel you know enough to start bidding, then jump in! Just be sure you know the auction house’s requirements for bidding. You may have to pre-register.
All auctions are exciting. And it’s possible to get caught up in this excitement and bid too much for an item. You want to be careful to know the value of items and the maximum you should spend.
Keep in mind you’ll likely have to pay for your winning bids after the auction ends. Be careful not to bid too high and too much that you can’t afford your purchases.
Police auctions offer a great venue for getting all kinds of items at reduced prices. Since you never know what you’ll find, they’re fun and exciting activities. With anything new you undertake, make sure you learn as much as possible about how the auction process works.
Then, preview the items you’re interested in and know they’re current value as much as you can. Taking these steps will help ensure you have a great time and still get some good deals.