Phoenix Police Unclaimed Items Auctions: How to Buy or Sell Unclaimed Property

Are you thinking about buying or selling at a Phoenix police unclaimed items auction? This article is designed to provide you with the details on police auctions and how you can get goods that have not been claimed at bargain prices. Specifics may vary from auction to auction; however, the following information includes helpful and important guidelines from which everyone can benefit.

The Phoenix police property warehouse stores just under 1 million pieces of property, whether they be evidence, files or items that were confiscated and either lost or stolen. They range from found property from the airport, the property of prisoners who have been arrested or items being used as evidence in court. The Phoenix police property warehouse receives about 1200-1500 items on a daily basis. The items are stored in a building that contains about 40,000 square feet of storage about 23 feet in shelving. It is organized similar to a library or a large distribution company that operates using a barcode system.

The length of time they keep these items in storage depends on how long the items need to be used in the case or the prisoner is released from jail. Some items have been confiscated or found and are unclaimed. These items are kept for a period of time while the owners are notified or the property is published with warning of its disposal if there is no response. Then, property is packaged (or unpackaged) and at that time they make the determination about whether it can be sold or must be destroyed. If the items can be sold, they are released for sale at a Phoenix police unclaimed items auction.

Many of these items can be bid on for much less than they would sell at retail price. Some of the items may include cars, tools, electronics, jewelry, sporting, coins, commercial heavy equipment, real estate, antiques, guns and more. There is a variety of property and anyone can find just about anything they're looking for!

Here are some Phoenix police unclaimed items auction buyer tips that will help you avoid common mistakes made by buyers:

- There are some terms that are used during an auction of which you need to be aware. These terms are "choice" and "all for one money."

- "Choice" means that if five chairs are selling, you are bidding for the price of one chair. If you are the winning bidder at $50, you may buy one, two, three, four or all five of the chairs at $50 each. If you would like the blue chair and the black chair you may buy them for $50 each so your total bill for the chairs will be $100. If you want all five chairs you will pay $250 for all five. If you have color or style preferences, you need to be ready to tell the auctioneer very quickly what items you want to buy.

- The other term that may be used at auction is "all for one money" which means that five chairs will be selling and the price you are bidding is for all five chairs. So, if you are the winning bidder at $50 your total bill for all five chairs will be $50. The auctioneer makes an announcement before they sell an item if unique selling options are being utilized.

About the Author

Deb Weidenhamer is President of Auction Systems, the Southwest's most active auction and appraisal company. Visit us online at Auction Systems, or call 800-801-8880 for more information.

Author Profile: auctionaz

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