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PropertyRoom.com auctions confiscated goods for over 3,000 local police departments and municipalities. PropertyRoom.com handles the pickup, inspection, processing, refurbishing, listing, and the shipping of the merchandise provided by law enforcement and municipal clients.
Mecum Auctions, Inc. is an American auction company specializing in collector cars and motorcycles. It was founded by Dana Mecum in 1988, and was originally based in Marengo, Illinois . Since 2011, it has been headquartered in Walworth, Wisconsin .
Police auctions [6] of unclaimed and lost property are held publicly across the country. Auctions will be organised locally were the item was located or surrendered. Police auctions are generally advertised in local papers or bidders can call the local police station to find out when one will take place. [7]
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The next step came in 1998 with Copart's introduction of internet bidding—a departure from the industry standard of local physical auctions. [9] On March 17, 1994, Copart had its initial public offering (IPO) at $12 per share and debuted on the NASDAQ under the symbol "CPRT." Copart's IPO of 2.3 million shares of stock provided the company ...
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