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Gone are the days when you could open your local newspaper and see a classified ad for a public auction in the old network center. Now, online is the best position for government and school surplus auctions.
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There are many online outlets that specialize in government and public company auctions, adding U. S. government auction sites. An auction market where state, county and local governments sell materials and seizures directly to the public, however, the industry surplus platform GovDeals has captured buyers’ attention for savings and selection.
According to its website, 20-year-old GovDeals has controlled more than $2600 million in sales to more than one million registered buyers. buyers through the Liquidity Services network. He claims that by offering true market values, the platform generates superior returns for its distributors.
While GovDeals presents itself as a secure and transparent online auction space for surplus government inventory and education, it also oversees sales in virtually every category imaginable, adding equipment, real estate, transportation, energy, medical services, catering, construction, and aviation. to call a few.
GovDeals has a fundraising tool for city agencies. The Northumberland County Sheriff’s Office in Virginia, for example, used the site to auction surplus and trade-in cars to offset the charge for new ones, according to News on the Neck.
North of the U. S. border, Norfolk County in Ontario, Canada, raised more than $485,000 through GovDeals online auctions in 2021, and got rid of vehicles, computers and furniture, as well as rarer parts like Zambonis, or machines for ice surfaces, and recycled asphalt. The Beacon Herald reported.
In a recent article, The Penny Hoarder noted that with a little detective, you can find all sorts of treasures and quirky offerings on the site. ($1,125), 1,680 bricks ($50), 3 used Fitbits ($20), a ceramic kiln ($1,325), a set of 12 birthday bears. Beanie Babies ($22. 25) and a furniture package (including 25 chairs, 3 steel shelves, 12 desks and tables and 3 filing cabinets) sold for $1.
And according to The Hustle, GovDeals gave her the opportunity to own Black Hawk helicopters, McLaren sports cars, wedding dresses, jewelry, animals and a top-secret Navy stealth ship.
People are looking for bargains and strange items, and online auction sites give other thrifty and curious people the opportunity to bid on both. .
Online auction sites can generate much-needed profits for advertising marketers while also relieving them of annoying marketing efforts. The Hustle pointed out.
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If you favor saving and selection, GovDeals online auctions for governments and education surpluses are second to none. But be careful with the buyer: you bid on pieces without seeing them and most dealers don’t ship parts, especially giant pieces. to buyers
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This article was originally published in GOBankingRates. com: What is GovDeals?Can the site save you money?