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Phoenix Auction to be Hosted by Auction Systems Auctioneers & Appraisers Inc., Featuring Confiscated & Forfeited Property

Wednesday, February 1st, 2012

A Phoenix auction, hosted by Auction Systems Auctioneers & Appraisers, Inc., will feature jewelry, tools, city surplus, school district supplies and equipment, electronics, appliances, computers, commercial equipment, restaurant equipment, sporting goods, household items, furniture and much more on Saturday, February 4, 2012.

Items of interest for this Phoenix auction include: a Sony 50″ Plasma Television, Maurice Wideman “The American Collection” figurines, group of purses including Coach, Louis Vuitton and Michael Kors, autographed Paul McCartney and George Harrison photograph, Sony PSP, Garmin GPS navigator, Marge and Maggie Simpson 73″ fiberglass statue, Giant Rincon black mountain bike, Samsung home theater sound bar, Dagger Vengeance 93″ kayak, Denmark wood hutch, Hardt Inferno 3000 gas double deck rotisserie oven, Lang double stack commercial oven, group of five Panasonic CF-29 Toughbook laptops, plus much more.

“Phoenix auctions have a well deserved reputation for providing buyers a lot of bang for the buck” on all kinds of items,” said Deb Weidenhamer, CEO of Auction Systems. “With a wide selection of unique and appealing items, this upcoming Phoenix auction is no exception.”

The auction will be held on Saturday, February 4, 2012 at 9:00 a.m. at Auction Systems located at 951 W. Watkins in Phoenix, AZ. All of the items listed in the auction may be previewed and inspected by interested bidders on Thursday, February 2, 2012 from 4:00 p.m. to 6:00 p.m., Friday, February 3, 2012 from 10:00 a.m. to 2:00 p.m., and Saturday, February 4, 2012 from 8:00 a.m. to 9:00 a.m. one hour prior to auction.

Items will also be available for preview and online bidding beginning Saturday, January 28, 2012. Interested parties can visit Auction Systems’ Phoenix auction schedule, to preview and sign up for online bidding.

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Tempe Auction: The Importance of Attracting New Buyers (Part 2 of 2)

Tuesday, January 31st, 2012

This is the final part in a two part series, you can read part one here.

Although it may not seem like a great deal for the buyer to have items go for higher prices, it actually is of benefit.  Even if you get an unbelievably priced item at an auction one time, the number of sellers may dry up to a point that fewer quality items are available at future Tempe auctions.  And, if not items of interest are being auctioned, you won’t be inclined to attend.

If the answer for keeping auctions viable for all parties is attracting more buyers, how can that be accomplished?  The first step is to focus on people who like to shop.  Just take a look at weekend events like craft and art shows.  The hordes of shoppers attending these events would be perfect targets for auctions.

Also, antique stores have become increasingly popular over recent years.  People often pay premiums for merchandise in these retail outlets.  And, they may be unaware of the huge inventory, quality and attractive pricing of antique and collectible items offered at a Tempe auction.

The majority of the population has not attended a live Tempe auction.  Therefore, most people don’t know the buying opportunities available, as well as the exciting atmosphere.  In fact, often auction attendees claim they’re hooked after attending their first auction!

Reaching potential buyers through advertising is one way to try and attract additional attendees.  Creative options, like advertising in places non-traditional auction buyers might look, can increase interest.

Another way to attract new buyers to a Tempe auction is to make it as unintimidating as possible.  Some people may find the pace of the bidding and auctioneer’s chant a little overwhelming at first.  But, making new buyers feel welcome and offering to help them learn the ropes can turn them into avid attendees.

Encouraging bidder participation in every way possible will benefit all involved.  More bidders mean more items sell near or at fair market value.  And that’s good for everyone!

To find a Tempe auction near you, contact Auction Systems today.

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Tempe Auction: The Importance of Attracting New Buyers (Part 1 of 2)

Wednesday, January 25th, 2012

To bring a fair market price for a seller, a Tempe auction must attract enough buyers to promote profitable bidding.  It’s great to have regular buyers who show up like clockwork at auction events.  But, you want to be able to also see a lot of new faces.

A Tempe auction must find the right balance of making money for the seller and auction house, but still providing attractive deals for the buyers.  Sometimes that’s a tough feat to accomplish, but a necessary one for successful results.

At a basic level, any Tempe auction must have at least two interested bidders for every item.  This minimum bidding activity will help bring the fair market price for the item being sold.  When only one bidder bids on an item, it typically sells for a price well below market.  This is wonderful for the single bidder, but not so great for the seller and auction house.

The problem with items selling too low on a regular basis is the negative effect it has on attracting and maintaining sellers.  If sellers believe they won’t get a fair price by selling their merchandise at a Tempe auction, they’ll look for another sales channel.

You can find countless stories about the super, unbelievable deals buyers have snapped up.  A car bought for $100 or a diamond ring for $50 helps promote the “dirt-cheap” mentality of auction purchases.  However, if a seller has a diamond ring that’s worth $1,000, they don’t want to take a chance that it might sell for $50!

So, the answer to this dilemma is attracting more buyers so bids for most items can be within market value. With a regular base of shoppers attending Tempe auctions, more sellers will be apt to participate.

Stay tuned for part two of this series. In the mean time, for more information about Tempe auctions, contact Auction Systems today.

 

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Police Confiscated Items: How Personal Property Gets Sold at Auction (Part 2 of 2)

Friday, January 20th, 2012

This is the final part in a two part series, you can read part one here.

Benefits to Police Departments and Auction Participants

Auctioning items frees up space in police warehouses. It also reduces costs involved in storing, tracking and maintaining property.  And, auctioning unclaimed or seized items brings in much needed revenue to a police department to help them continue fighting crime.

The inventory of police confiscated items to be auctioned can be vast and diverse.  It’s not unusual to find very valuable goods for auction.  Products can range from cars and household goods, to jewelry and art.  By far, these auctions provide one of the richest assortment of confiscated items.

In addition, police auctions are held on a regular basis.  With police confiscated items stacking up as a result of ongoing criminal activity, you can expect auctions to be held at predictable intervals.

So, it’s typically easy to plan your purchases around auctions when police confiscated items become available.  You not only can get a special item at a reduced price, but you can also re-sell any great deal for a profit.

However, the major advantage of buying police confiscated items is you’ll often find amazingly low prices.  Since profiting from selling seized items isn’t the primary motive, police departments are more willing to liquidate warehouse inventories and sell items a lot cheaper than normal.

For additional information on police confiscated items, contact Auction Systems today.

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Police Confiscated Items: How Personal Property Gets Sold at Auction (Part 1 of 2)

Tuesday, January 17th, 2012

Many people may not understand how and why an auction is conducted to sell police confiscated items.  Some may be surprised to learn the large amount and variety of property confiscated during law enforcement raids.  After seizing items, either a police department or a contracted auction service will sell the goods at auction.

Confiscated items end up in police possession in a number of ways.  Stolen goods may be recovered and unclaimed.  Local law will dictate how long a police department has to keep stolen goods they recovered while they wait for the rightful owner to claim them.  Once that period has elapsed and the item remains unclaimed, police agencies are free to auction property to the highest bidder.

Another source of police confiscated items results when criminals are arrested or suspected of unlawful behavior.  Because some acts come under the “civil asset forfeiture” provision, police departments can seize property associated with a number of offenses.  When this happens, police departments can keep the confiscated items or sell them at auction.  They often do the latter as a matter of course.

If a person commits a crime, the police department can confiscate any property used in conjunction with the crime.  Police confiscated items are most typically associated with drug crimes, but they can come from any suspected illegal activity.

Further adding to the volume of items available for auction is the way civil asset forfeiture works.  Police confiscated items can also result from the suspicion of illegal activity.  A suspect doesn’t have to be found guilty in a court of law before property can be seized.  Police officers typically have wide latitude to seize any property they suspect was used in connection with a crime.

As a result, many suspects, whether found guilty or not, don’t reclaim their police confiscated items.  In this case, police departments are free to conduct an auction and sell items to the highest bidder.

In part two of this series, we will discuss the benefits of police departments and auction participants. For more information, please contact Auction Systems today.

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City Surplus Auction: How to Take Advantage of Buying Opportunities (Part 2 of 2)

Wednesday, January 11th, 2012

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.

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City Surplus Auction: How to Take Advantage of Buying Opportunities (Part 1 of 2)

Monday, January 9th, 2012

A city surplus auction is one of the best places to save money on purchases.  You can find items for your home or business at often deeply discounted prices.  Since these auctions offer a large variety of merchandise at relatively low prices, many people take advantage of these buying opportunities.

In some cases, people attend a city surplus auction to buy cheap items and then re-sell them for a profit.  If you expect to re-sell an item, it’s important to understand what people may be interested in buying.  In other words, what’s hot!  By knowing what you can turn quickly, you can focus on getting those items at the best possible prices.

This practice can turn into a fun and rewarding business. Either way, a city surplus auction provides an exciting way to get real bargains.

How to Participate in a City Surplus Auction

A city surplus auction typically has few requirements to bid.  If you’re over 18 years of age, you can place bids on items of interest.  In general, all you need is a valid driver’s license.

However, if the auction is conducted by an auction house on behalf of the municipality, you’ll need to familiarize yourself with specific policies, procedures and requirements before bidding.  In some cases, you’ll need a credit card on file to pay for your purchases.  Make sure to check the auction service’s website for details and schedules for upcoming auctions.

In part two of this series, we will discuss what types of items you might be able to find at a city surplus auction. For more information, contact Auction Systems today.

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Phoenix Auction to be Hosted by Auction Systems Auctioneers & Appraisers Inc., Featuring Confiscated & Forfeited Property

Friday, January 6th, 2012

A Phoenix auction will be hosted by Auction Systems Auctioneers & Appraisers, Inc., featuring jewelry, tools, city surplus, school district supplies and equipment, electronics, appliances, computers, commercial equipment, restaurant equipment, sporting goods, household items, furniture and much more on Saturday, January 7, 2012.

Items of interest for this Phoenix auction include: a cast iron 23.5″ rocking horse, XBox 360 game console, Sigma Games Treasure Wheel slot machine, Bevco vintage 7Up cooler, Major 2016 combination safe, electric score board, and a Dixie-Narco 8-selection soda dispensing machine.

“Every month, we auction hundreds of confiscated items ranging from everyday electronics to one-of-a-kind collectibles,” said Deb Weidenhamer, CEO of Auction Systems’ Phoenix auction. “Depending on the item, it’s possible to save hundreds or even thousands of dollars off regular market prices.”

Whether you’re looking for vehicles, memorabilia, jewelry or electronics, you can usually find them at one of our Phoenix auctions.”

This auction will be held on Saturday, January 7, 2012 at 9:00 a.m. at Auction Systems located at 951 W. Watkins in Phoenix, AZ. All of the items listed in the auction may be previewed and inspected by interested bidders on Thursday, January 5, 2012 from 4:00 p.m. to 6:00 p.m., Friday, January 6, 2012 from 10:00 a.m. to 2:00 p.m., and Saturday, January 7, 2012 from 8:00 a.m. to 9:00 a.m. one hour prior to auction. Items will also be available for preview and online bidding beginning Saturday, December 31, 2011.

Interested parties can visit Auction Systems’ Phoenix auction schedule, to preview and sign up for online bidding.

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Arizona Seized Property Auction: How to Buy Items from Government Auctions (Part 2 of 2)

Thursday, January 5th, 2012

This is part two of a two part series. To read part one, click here.

How to Find an Arizona Seized Property Auction

To find a local government auction, you might want to start checking online.  Several websites exist to provide information on upcoming auctions.  Some of these sites require upfront fees to search listings in your area.  Although you can pay to have a service compile lists for you, it’s easy to do the legwork yourself.

Start with checking the auction service companies in your area.  They will have a list of the auctions they’re hosting, as well as detailed information on the items and auction requirements.  You can also visit websites of government agencies.  If they hold auctions regularly, they will likely have a section on the site devoted to upcoming auctions.

 

Suggestions for Participating in an Arizona Seized Property Auction

Once you locate an upcoming auction and view the available items, you need to plan on inspecting anything you’re interested in bidding on.  Each auction will have its own rules, so be sure to learn how the auction will be conducted.  In almost every case, an Arizona seized property auction will not refund money to winning bidders who have an issue with their purchase after the fact.  If you bid and win, you’re responsible for purchasing and transporting your winning items.

After doing your homework to understand an auctions policies and procedures, you should have a good handle on how the bidding will be conducted.  Make sure you have a maximum amount in mind for any item of interest.  It’s sometimes easy to get caught up in the excitement of a live auction and over-bid.  After the Arizona seized property auction, you’ll have to pay for any items you won and arrange for pickup.

An Arizona seized property auction tends to offer property that sells well below recognized retail levels or even below wholesale.  In most cases, agencies are willing to sell items below value to liquidate assets quickly.  If you’re in the market for a special item, a government auction is a great place to find unique items at low prices.

For additional information or to find an Arizona seized property auction in your area, contact Auction Systems today.

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Arizona Seized Property Auction: How to Buy Items from Government Auctions (Part 1 of 2)

Monday, January 2nd, 2012

An Arizona seized property auction often takes place when a government agency seizes property of an individual found guilty of a crime. Most property is seized due to smuggling, drug trafficking, money laundering, credit card fraud, food stamp fraud, mail fraud or other illegal activity.  During raids, personal property is often seized.  The agency must then unload the millions of dollars of confiscated property in auctions.

Other sources of seized items include personal property and business assets ordered sold at public auction for tax reasons. Also, assets used as collateral can be seized by banks and other lending institutions for non-payment of debts.  In addition, banks liquidate property abandoned in safety deposit boxes.

You’ll find all sorts of property seized by these government and institutional sources.  Items include real estate, vehicles, jewelry, fine art, antiques, electronics and pretty much anything of value.  In fact, if you’re interested in buying a large-ticket item like a home or car, an Arizona seized property auction would be a smart place to check out.

Government auctions are free and open to the public.  These auctions provide a perfect venue for getting great deals.  Since government agencies often have no use for the items they seize, you’re likely to pay a lot less for them.  And, any money you spend at an Arizona seized property auction goes back to the agency to help them fight crime.

Any time you buy a used item, you need to inspect it thoroughly.  The same goes for items at an Arizona seized property auction.

In part two of this series, we will discuss how to find an Arizona seized property auction. For more information, contact Auction Systems today.

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