What Police Auctions Really Are
Police auctions have been portrayed in movies and documentaries as places to get decent goods at cut-rate prices. Usually the scene depicts flashy cars being hauled out in some empty lot. While there is a kernel of truth in this, there is a lot of misinformation about these events online and passed around by word of mouth.
Basically, police auctions are events that different departments around the world hold to make a little money off of confiscated items. These are not weekly events. In general, departments hold them a few times a year, but it varies. Usually, these items come from criminals involved in the drug trade, but they can come as the result of any sort of criminal enterprise.
Cars, motorcycles and other vehicles usually show up. However, items can vary from furniture and home appliances to electronics. Really, it just depends on the day you show up. Remember that many of the things on sale are slightly used, so it is really a buyer-beware situation. Also, you need to be able to make last-minute adjustments in your valuations as information becomes available. Try to bid on things you know well.
The Internet can be a good source of information about these events. Forums full of enthusiasts host conversations about dates, locations and possible items available. Of course, don’t just assume that the information is correct. Get to know the sites before you put your faith in them. If in doubt, you can always get in touch with the department directly. They will know best what is happening.
Despite all the fun involved, these are real auctions with real money involved. Don’t expect to just show up and walk away with something for nothing. Other sophisticated bidders will be there as well, so don’t be surprised if the prices tend to resemble the market price. That said, you never know when you will get lucky and find a good deal.
It is also smart to set a limit for yourself before going. Many people get caught up in the excitement and bid more than they are comfortable paying. The problem with this is that many events require payment within just a few hours. Ask before you bid and plan your budget accordingly.
Your local police department is a good place to start, but you do not necessarily have to stop there. Many other agencies hold events from time to time. For example, state, provincial or federal agencies may sell off items accumulated over the years. You can also check with specialized agencies.
Bargain hunting has never gone out of style and most likely never will. In fact, these days, TV shows depict knowledgeable buyers who travel across the world to find coveted pieces lingering in local stores and then sell them for a profit. Everyone seems to be in on the game. Deals still exist, and police auctions can be a great place to find some. But, even just a day of gawking and dreaming can be a fun way to pass a lazy day off.
