Are you thinking about buying or selling at a Phoenix police confiscated items auction? This article is designed to provide you with the details on police auctions and how you can get goods that have been confiscated by the authorities at bargain prices. Specifics may vary from auction to auction; however, the following information includes helpful and important guidelines from which everyone can benefit.
So what happens when nobody claims lost items? Well, they're sold! What are you going to get? Who knows? It's a mix. You don't know what's been confiscated. You don't know what has been stolen. You don't know what's been left at the airport. You have no idea! The history is a mystery.
Phoenix police confiscated items auctions feature items from a multitude of places - a lot of government agencies, police departments - and can include items like cars, tools, electronics, jewelry, sporting goods and coins, commercial heavy equipment, real estate, antiques, guns and more.
One of the most common items featured in Phoenix police confiscated items auction are golf clubs! Arizona is a premier golf destination, so golf clubs are usually in huge supply. You never know, some person that just played a bad round of golf decided to leave their high-end set of golf clubs at the airport and fly back to Minnesota. Those clubs will probably show up at the next auction.
Here are some Phoenix police confiscated items auction buyer tips that will help you avoid common mistakes made by buyers:
- Do not mistake auctions for retail sales. The two have very little in common. Auctions are different from retail because auctions are governed by federal laws, state laws, Uniform Commercial Codes and city ordinances. When you bid at an auction you actually enter a legal contract.
- You must have a bidder's card in order to buy at the auction. To obtain a bidder's card, you must put down a deposit for a bid card. This insures that you will pay for all your purchases that you bid on. Once you pay for your items or decide to leave the auction without purchasing any items, your deposit is immediately returned to you. If you do bid and win, your deposit is applied to the purchases.
- Be careful when you bid on lots. Know how much you are bidding and whether you are bidding against your spouse, parent, sibling or friend. Although you can retract a bid while the bidding is open, you cannot retract it once the auctioneer has said "sold." Auctioneers expect you to take full responsibility for your bids.
- The moment the auctioneer says "sold," the ownership of the item being auctioned has changed hands. This is the law. If your merchandise is later stolen, you will still have to pay for it. It is no different than having your wallet or purse stolen while shopping at a store.
- Know what you are bidding on by closely inspecting each item before the auction. This is why an auction preview is offered. Use your own evaluation as your bidding guide, not the auctioneer's description or other bidders' comments. You are buying the merchandise "AS IS" with no guarantees of any kind from the seller or auctioneer. The risk of the item not being what you wanted should be factored into your bidding amount.
Author Resource:-
Deb Weidenhamer is President of Auction Systems, the Southwest's most active auction and appraisal company. Visit us online at Auction Systems, or call 800-801-8880 for more information.
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