Government auction
A government auction or a public auction is an auction held on behalf of a government in which the property to be auctioned is either property owned by the government or property which is sold under the authority of a court of law or a government agency with similar authority. == Variations == When the term "government auction" is used it often means that a general auctioneer has been contracted to deal with stock that needs to be liquidated by various government bodies: Rights to transmit signals on bands of electromagnetic spectrum Customs: seized smuggled items Defense: military surplus Police auction: proceeds of crime Post office, transport: lost property Warrant sale: assets of debtors Tax sale: seized assets Court auction: items sold to satisfy a court judgment, like storage contents of not-paying tenants Insolvent companies where the government is the liquidator (e.g.