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Police Auction
A police auction is held to sell property that has been seized due to its
owner’s criminal activity, its involvement in criminal activity, or
abandonment. Police auction the confiscated items and property in
order to refund the item’s recovery and storage costs. The types of
property included in a police auction can include cars, boats, jewelry,
computers, power tools, farming equipment, homes, and real estate.
Because the police are only looking to recover any spent funds, the
property at a police auction is usually listed well below market-value. As
a result, bidders can find great deals at a police auction on items they
otherwise could not afford, and the bidding process can become quite
competitive. Recently, online police auctions have become a popular
method of bidding on seized property. While police auction state laws
vary, anyone with access to the internet can participate. Bidders are
provided with a list of the confiscated property in addition to descriptions
and photographs. Purchasing goods at a police auction, whether its
online or in person, can be a good deal for both the bidder and the
police force; the bidder gets a good deal and the funds benefit the police
force in fighting future crimes.
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