This is the final part in a two part series. To read part one, click here.
What Can You Find at a City Surplus Auction?
Many people aren’t clear on what “surplus” means when referring to a government auction. Basically, any property in possession of a government agency that they no longer need can be auctioned to clear inventory and raise funds.
Sometimes items must be auctioned because the city has left over materials from a project or they overestimated a quantity of items purchased for particular use. Or, they’re replacing old or outdated equipment. Whatever the reason, the city no longer needs the items and must make room in their facilities.
Attendees can expect to find almost anything of value at a city surplus auction. Any unwanted item is sold to the highest bidder and you never know what you’ll find. These items typically include cars, trucks, office equipment, furniture, computer equipment, electronics, building materials and more.
Because municipalities have several different departments, item variety is a major attraction. Some of the more unusual things you might find include changing room lockers, street signs, playground equipment, cleaning equipment, cafeteria equipment, among many others.
Besides providing great deals for auction participants, a city surplus auction generates proceeds that go directly back to the municipality. By earning additional revenue, a city government can stretch its tax dollars further. With more available funds, municipalities can support additional city projects and constituent services.
Often you won’t find a better place than an auction to find a bargain. And, a city surplus auction can be one of the best auctions for deals. One thing is certain at a surplus auction: there’s usually something for everyone, even if you didn’t have anything in mind when you show up!
For more information or to find a city surplus auction in your area, contact Auction Systems today.
Tags: Auction Systems Auctioneers & Appraisers, City Surplus Auction
