Home LifeStyle  Leisure Seized Property Auctions: Uncover a Steal of a Deal

Seized Property Auctions: Uncover a Steal of a Deal

Posted: Dec. 20th, 2008  |  By James Rothaar Freelance Writer |
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Luxury Goods Auctions: The majority of goods on the block of Seized Property Auctions are seized and ordered by federal and state agencies to be sold at public auction. Items up for auction may include automobiles, real estate, art, jewelry, coins, collectibles, electronic goods, and household items.

The auctioneer's most recent sale included more than 2,000 high-end, big-ticket items. There are no reserves or limits placed on items. The bidding on all lots begins at $1.00. Rolex wristwatches, art by Chagall, and various jewelry and clothing by luxury-brand designers were in the lots of the December 2008 auction.

Most items are sold as-is. There is some flexibility on the terms of sale if the goods purchased differ substantially as described. Only items marked as guaranteed carry such warranty.

Lots also come from business inventory liquidations, dealer close outs of merchandise, and goods from private estates that make up the lots. Additional items come from banks liquidating property from abandoned safety deposit boxes and attorneys and trustees liquidating assets to settle estates and bankruptcies.

Seized Property Auctions is a private corporation and not a government agency. It is the official site Web site of the Federal Asset Recovery Services.

Pick up a schedule for upcoming auctions at www.seizedproperties.com.

For LxM James Rothaar
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