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The idea for the company was developed after observing a large amount of abandoned, seized, and recovered goods in the police property and evidence rooms. If police agencies are not able to return the stolen merchandise to the rightful owners, by law they must sell seized, recovered, found, and unclaimed personal property at public auction. [1]
In 2012, it acquired GoIndustry DoveBid, a provider of surplus asset management, auction, and valuation services. [14] In 2015, the company lost two large contracts. Walmart terminated its deal with Liquidity Services, and the company lost a bidding war for the right to sell the Department of Defense's surplus tanks, trailers, and other ...
The Surplus Record has been available online since 1986, [4] when buyers would use 2400-baud modems to access it. Currently, it is the largest online directory in the world for surplus capital equipment. [5] The company started its own online auctions in 1999, [1] [6] a year before it was acquired.
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.
Bannerman purchased Pollepel island in November 1900, [2] [3] [8] for use as a storage facility for his growing surplus business. [10] Because his storeroom in New York City was not large enough to provide a safe location to store thirty million surplus munitions cartridges, [8] in the spring of 1901 he began to build an arsenal on Pollepel ...
On May 29, 2007, the Secretary of the Interior identified West Bank Light, offshore in Ambrose Channel–Lower New York Bay, as surplus under the National Historic Lighthouse Preservation Act of 2000. The property was described as 55 feet (17 m) tall with two floors, a keeper's dwelling, and located on 0.1 acres (0.040 ha) of underwater area.
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Keno Auctions, founded in 2009 by celebrity antiques dealer Leigh Keno, is a full-service auction house in New York City. [1] [2] [3] [4]Specializing in fine and decorative art, as well as antiques and collectibles, Keno Auctions has become popular among collectors, dealers, and enthusiasts seeking unique and valuable pieces.