Product Code Database
A police auction is an auction of goods which have been asset forfeiture by the police and cannot or may not be returned to their original owners. They may also contain surplus and retired police equipment, such as used .
Police auctions may be found in most nation but differ in their format. In nations such as the United States, they are held by local police departments, and proceeds go to that vendor. In other countries, such as the United Kingdom, they are open to the public.
The term 'Police Auction' has come to represent this category of auction sale although it is not technically correct. The police only sell lost and found items directly at auction. The correct term is Proceeds of Crime auctions as featured in the BBC documentary series Ill Gotten Gains. Proceeds of Crime auctions are an established route used by regional police forces across the country to dispose of proceeds of crime, lost and found, seized, and unclaimed theft and confiscated property.
Items available at police auctions
Police auctions are handled differently depending on the various police forces. Some authorities commission auctions through various contracted . Others hold online auctions through various .
Lots at police auctions range from brand new or graded from A down in used condition, or goods may be slightly marked. All items listed in any police auction are available for viewing and inspection prior to the sale. Faulty or damaged goods should be clearly marked, and faults are outlined by the auctioneer during the auction.
About 300 Treasury auctions are held every year by the US Treasury Department. These are conducted throughout the U.S. and Puerto Rico, offering property asset forfeiture as a result of violations of federal law or nonpayment of Internal Revenue Service .
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