![]() Kevin Kerns, an acting regional administrator of GSA’s Southeast Sunbelt Region, stated: "Whether it’s a car, or a piece of jewelry, or now even cryptocurrency, you never know what kind of treasures you’ll find on GSA Auctions”. In 2021, GSA offered a 0.7501 share of a bitcoin valued more than $38,000 for an auction. For example, the United States Navy cruiser Philadelphia was sold at such an auction at the Puget Sound Navy Yard in 1927. ![]() Some substantial items have been sold at public auction. Public auctions of government property may be conducted by whichever agency is auctioning the property. ![]() Government property sold at public auction may include surplus government equipment, abandoned property over which the government has asserted ownership, property which has passed to the government by escheat, government land, and intangible assets over which the government asserts authority, such as broadcast frequencies sold through a spectrum auction. Sale of property owned by the government Īuctioneers are normally contracted by the different government organisations within their local area. Often goods sold at government auctions will be unreserved, meaning that they will be sold to the highest bidder at the auction. Insolvent companies where the government is the liquidator (e.g.Court auction: items sold to satisfy a court judgment, like storage contents of not-paying tenants.Rights to transmit signals on bands of electromagnetic spectrum. ![]() 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: 1.2 Sale of private property in a public auction.1.1 Sale of property owned by the government. ![]()
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