The Federal Government holds an auction when they have a large number of items for sale in one location. Many of the car and truck sales are auctions. The federal government uses traditional auction methods. Many auctions are conducted by commercial auction companies who are under contract with the federal government. If you decide to bid, you will complete the bid form and mail it in.
Property is auctioned item by item and awarded to the highest bidders.
Acceptable forms of payment for Federal Government Auctions generally include cash, money orders, VISA, Discover, MasterCard, travelers checks, cashier's checks, credit union checks, and Government checks. It is advised that you inspect the merchandise before you bid to purchase at the government auction.