How To Sell On eBay :: GSA Auctions Review
GSA Auctions Review - Go Straight To The GSA For Auction Items
GSA auctions are a service of the federal government and they sound great .... but do they really work? After all, we've all heard the (urban myth?) stories of the new, sleek black Mercedes with all the latest tech toys - that sells for $250.
For years, government agencies have been selling off property obtained in drug raids, abandoned and taken as fines for criminal activities. Until recently, all government auctions were held in physical locations only.
However, beginning in 2004, the GSA has been copying the eBay model, and holding online auctions. Their categories aren't "fixed" because what they're selling naturally changes constantly, however such items as
- Automobiles
- Boats and Marine Equipment
- Computer Equipment and Accessories
- Construction Equipment
- Furniture
- Household/
Personal
- Jewelry & Exotic
Collectibles
- Motorcycles &
Bicycles
- Trucks, Trailers, and Tractors
remain constant.
Their bidding rules have much in common with eBay's, but are not identical. These GSA auction rules are like eBay's:
* Tie bids: In the case of a tie, the proxy bid (the maximum the bidder is willing to pay) placed first will win.
* When two proxy bids compete, the greater of the two proxy limits always wins.
* The reserve price is the minimum price that GSA Auctions is willing to accept for an item. If the reserve price is not met, the item does not sell.
The GSA rules, though, are sometimes different from eBay's:
* The GSA only accepts bids in whole dollar amounts. Bids in partial dollar amounts, $150.25 for example, will not be accepted by the GSA auctions system whereas with eBay we can bid any amount we choose.
But, are the GSA auctions the "steals" that we have been lead to believe? Let's take a look at this gold eagle watch for sale:
The minimum bid on this watch is $252. Is this a bargain? With the limited information given in the listing, it's impossible to tell. There is no similar watch currently available for sale on the internet. However, each item has an email address listed for further details. Without those details, any bidder is just floundering in the dark.
Are GSA auctions worthwhile, then? The only reliable answer is to do your due diligence! If you don't, you might be making a very unwise purchase. Obviously, though, if a watch is $252, we're not going to get a late model Mercedes for $250. As always, 'Buyer Beware!' and don't believe the services out on the net offering to find 'steals' for you - for a price, of course. You can do your own research online.
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