Arizona Surplus Auction What Is It and How Can You Score?

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Presentation transcript:

Arizona Surplus Auction What Is It and How Can You Score?

Arizona Surplus Auction Surplus auctions sell items that are obsolete or no longer needed by owners Offered for sale to highest bidders Many organizations conduct surplus auctions: government agencies, schools, retailers and more

Arizona Surplus Auction Most items are in excellent condition Items are disposed due to: organizations ordered more items than they can use; update in inventory; limited storage space Many surplus auctions are open to general public

Arizona Surplus Auction Common Items at Surplus Auctions Vehicles represent a big chunk Government agencies regularly sell vehicles they no longer need Vehicles may have excess miles on them Highest bid will take into account mileage

Arizona Surplus Auction Common Items at Surplus Auctions Nobody bids past at certain point Winning bidder of vehicle is expected to pay purchase in full before taking ownership Other common items include: office equipment and furnishings Auctions can include seized items from crime committed or tax lien

Arizona Surplus Auction How Arizona Surplus Auctions are Conducted Organization uses services of an auction house Independent auction houses will manage entire process for organization Many specialize in working with government agencies to sell surplus and seized property

Arizona Surplus Auction How Arizona Surplus Auctions are Conducted Auctions can be conducted at physical location, online or using both methods Dates announced in advance Surplus auctions are great opportunities to get quality products way below retail price

Arizona Surplus Auction About the Author Deb Weidenhamer is President of Auctions Systems Auctioneers & Appraisers, Inc., based in Phoenix, Arizona. They specialize in auctions and professional appraisals. Visit us at http://www.auctionANDappraise.com or call 800-801-8880 for more information about Arizona Surplus Auctions.