Online Auctions

now browsing by tag

 
 

The Canadian Government Surplus Auction Website

Canadian government surplus auction website

In case you didn’t know, the Canadian government maintains one, single online central hub from which it offers, takes bids on, and distributes most Canadian government surplus merchandise. This central hub is thee Canadian government surplus auction website.

Perhaps you’re thinking about possibly purchasing, at a rock bottom, surplus-level prices, a slightly used, but still well functioning and well maintained vehicle that used to occupy a spot in the fleet of RCMP automobiles? Or, maybe your interests lie more in acquiring entire pallets of high-quality computer printers? Heck, maybe you’re made out of money and you’ve even got your eye on purchasing a fully outfitted private jet? Well, where, exactly, can someone find such items, and many, many more, all up for auction at incredibly low government surplus prices? Why, at the central Canadian government surplus auction website, of course!

People who are deeply experienced in the surplus business game are sure to remember the days when possibly the most aggravating and time consuming task which made up a surplus trader’s daily grind was hunting down and trying desperately to keep abreast of all of the various government (and other) surplus auctions that were always sporadically held. Well, with the ushering in of the electronic age, the game has changed quite a bit. These days one need only know about the central Canadian government surplus auction website that the federal government maintains. And, regular visits, via your favorite web browser, right from the comfort of your own home, is now all that is needed for anyone and everyone to constantly stay informed regarding all of the incredible surplus goods that the federal Canadian government is offering to the public at any given time.

New items are placed up for auction every day, and, at any given time, you’ll find this central Canadian government surplus auction website absolutely jam-packed with unique and valuable items ready for you to bid on. All you need is a valid credit card, and to sign up for a completely free account on the website. Once you’ve done that you may begin browsing the items currently up for auction, or searching for specific items, and placing bids on the surplus merchandise you’re interested in. If you’ve placed the high bid at the ending of the surplus auction for the particular item you’ve bid on, you’ll win the item and can then go and pick it up from government warehouse at which the item resides. Or, for some select items, even have it shipped to you.

Government surplus Canadian auctionsSo, where is this central Canadian government surplus auction website located? The website resides at Http://www,GCSurplus.Ca

The Canadian government surplus auction website is operated and maintained by Public Works and Government Services Canada, which is the particular Canadian government agency charged with handling the sales and distribution of federal government surplus goods in Canada. And, the GCSurplus website which they operate is the central Canadian government surplus auction website from where they conduct on-line surplus auctions for all such goods available from more than 100 different federal government departments, organizations and agencies.

Anyone can simply visit the GCsurplus.Ca Canadian government surplus auction website, register for an entirely free account, and begin browsing and bidding on the myriad of items that are up for grabs at any given time.

So, if you’re just looking to perhaps grab a few killer deals on some Canadian government surplus items, you should definitely be sure to make frequent and regular visits to the GCSurplus website. And, if you’re either already in, or have an interest in starting, your own business buying and selling surplus items, then the GCSurplus Canadian government surplus auction website will surely prove an invaluable asset to you. And, if you are looking to start a highly lucrative full or part-time business in the buying and selling of surplus goods and merchandise, you should make absolutely sure that you pick up a copy of The Ultimate Wholesale & Surplus Buyer’s Guide!

Whether you’re thinking of either starting a business, or growing your existing business, in the trade of surplus goods and merchandise, or you’re just looking to pocket extra cash part-time, then you really do need the guide. It will lay absolutely everything you need to know out for you. So, don’t even think about trying your hand at making money in the buying and selling of surplus goods unless you’ve already got the guide in your hand and have read through it thoroughly! You simply can’t afford to be without the amazing advantages it offers.

Good luck, and here’s hoping you score some mind-blowing surplus deals very soon!

Unique Bid Auction Strategy Tips

Unique Auction Strategy Tips

The most common type of auction — surplus auction or otherwise — is known as a ‘traditional’ or sometimes called an ‘English’ auction. The traditional, or English auction, is what most people tend to think of when they hear the word ‘auction’. Practically everyone is familiar with this style of auction — in a traditional auction, the auction for an item begins at a low price and bidders consecutively bid each other up, raising the bid with each call. The auction ends when nobody is willing to enter a bid higher than the last bid given, and the person who bid that last bid wins the item that’s up for grabs.

A somewhat new and, as of yet, still fairly uncommon, but rapidly growing in popularity, auction type is the ‘unique bid auction.’ Most people are still quite unfamiliar with unique bid auctions. In fact, if you were to ask the average person what a unique bid auction is, it’s very likely they’d have no idea — it’s very likely they’d never have even heard the term before.

Regardless or this, the unique bid auction format, over the last little while, has been gaining in popularity among auctioneers — especially, it seems, when it comes to online electronic auction services.

The goal of bidding in a unique bid auction is to make your bid unique among all the bids placed by all bidders, and have your entirely unique bid also be the lowest of all unique bids placed. So, for example, let’s say an item is up for auction and there are a total of eleven bidders bidding on the available item. All bidders enter their bid, and when all bidders have entered a bid, and the bids are revealed, it turns out that:

  • 2 people bid $1.00
  • 3 people bid $2.00
  • 2 people bid $3.00
  • 1 person bid $4.00
  • 2 people bid $5.00
  • 1 person bid $6.00

In the example above, two people entered a unique bid — a bid amount that nobody else entered. But, in a unique bid auction the winner is the person who placed the lowest unique bid. So, in this case, the person who entered a bid of $4.00 won the item.

As mentioned earlier, unique bid auctions are still quite rare at live auctions, but they’ve been gaining in popularity with online auction sites. The unique bid auction format is still quite new, however, and, as such, many people are still quite unfamiliar with it. And, in order to be consistently successful when taking part in unique bid auctions, a solid bidding strategy can be of tremendous advantage — perhaps being more important than in any other style of auction. Obviously, this can be problematic for the great many people unfamiliar with unique bid auctions. If you’re not familiar with the unique bid auction format, you’re not going to be familiar with effective unique bid auction strategy.

So, here are just a few unique bid auction strategy tips you can use to help improve your results when taking part in a unique bid auction:

Unique Bid Auction Strategy Tip #1

Keep in mind that you’re not really bidding in relation to the retail, or any other, price of the item. — at least not to nearly the degree you would be in other auction methods. This is one of the aspects so unique to the unique bid auction format. You’re really just bidding against the other participant’s bids. At least, that should be the primary focus of your unique bid auction strategy. All you want to get is the lowest bid placed that is also a unique bid. Therefore, it doesn’t really matter that you may be bidding on an item that has a regular retail value of, say, $1,000.00. If you bid just $2.00 for the item and it turns out that nobody else bid $2.00, and nobody else entered a lower unique bid, you win the auction.

Unique Bid Auction Strategy TipsIf you think about this a bit you should be able to see how strategy becomes important in a unique bid auction. If you’re bidding, say, on that $1,000.00 item, you can enter a bid for $1.00 and maybe win the item at an incredible bargain, right? Well… probably not. Why? Because everybody else can do the same which will render your bid not unique and the one guy that bid, let’s say, $100.00 will actually win the auction — as long as his bid was the lowest unique bid entered. And, everybody wants to get the auction at the lowest possible price, right? So, what is the low bid you should enter on that auction? $2.00? $3.00? Other people, also trying to get the lowest bid can also enter such ridiculously low amounts for that $1,000.00 item. So, the lower the bid, the more likely there are to be others who also bid that amount, and thus, the less likely you are to post a unique bid and win the auction at that price. Remember, in order to win your bid must be the lowest bid that is also unique — an amount that nobody else has bid. So, the higher you bid, the more likely it is your bid will be unique, but the higher the likelihood that your bid wont be the lowest unique bid. So, it’s all about pinpointing that perfect range — low enough that you maximize your chances of getting the low bid, but not so low that you minimize your chances of getting a unique bid.

It’s very important to keep in mind, however, that even though I said earlier that you’re not really bidding in relation to the retail price of the item on auction, that doesn’t mean that you don’t have to be cognizant of the item’s worth. It’s still quite important that you know the item you’re bidding on, and know its value. Without knowing the item’s worth it will be easy for you to overbid for the item.

The attraction behind such unique bid auctions is the possibility of actually acquiring highly valuable items for exceedingly little money — like, say, a brand new $1,500.00 TV for perhaps just a few dollars. If you overbid for an item, it entirely defeats the purpose of bidding in unique bid auctions.

Unique Bid Auction Strategy Tip #2

Do not hesitate with your bid. People that are used to bidding in traditional auctions are used to waiting until the auction is nearing the final bid before bidding. This can be a useful strategy in a traditional auction, but it’s of no benefit in a unique bid auction, and can actually diminish your chances of winning the auction.

The reason for this is because it is fairly common in a unique bid auction that nobody actually ends up entering an entirely unique bid — every amount bid was actually entered by at least two or more people. When this happens, it is standard practice in a unique bid auction to give the auction to the person who entered the lowest bid, that had the fewest amount of bids at that price, and was also the person who entered that bid first among all bidders who bid that particular amount. So, try to get your bid in at the earliest possible time.

Unique Bid Auction Strategy Tip #3

Make multiple bids. Virtually all online unique bid auction sites use a system allowing a single person to enter multiple bids on a single auction. One strategy sometimes employed is for a bidder to always enter something very close to the lowest possible bid amount, plus a bid or two, in intervals, in their calculated highest win-probability range. This is referred to as entering a ‘bid spread.’

More information on the nature of unique bid auctions from Wikipedia.

Province of Alberta Turns to Online Surplus Auctions

Flag of Alberta crest seal

This month the Canadian Province of Alberta becomes the latest in North American governmental agencies to turn to electronic, online means for selling off their surplus goods at auction. This has been, as should be expected in current times, becoming more and more of a trend among various governmental departments and agencies throughout North America.

The new website which has been launched by the Provincial government of Alberta will feature auctions for surplus merchandise from various governmental departments and agencies, hospitals and post-secondary learning institutions — all open to being bid on by the general public.

Surplus goods from the Alberta government have already been available at auction to the general public for quite some time, of course. Up until now, the public was able to attend various auctions, that were held somewhat sporadically, where such merchandise was put up for grabs. Along with these auctions, the government maintained a number of sales outlets in both Edmonton and Calgary. It should be noted, however, that these live auctions and sales will not be halted by the Alberta government now that the new auction website has arrived. In their launching of the new surplus auction website, they are merely providing to the public another option for acquiring government surplus goods. Although, as it appears, not all items actually available at the live auctions or through the sales outlets will actually make it to the online site. However, the selection of goods available online promises to be robust.

The Alberta government surplus auction website was launched into full service on December 4th of this year, and, at its initial appearance, offered a wide array of goods such as surplus computer equipment, office furniture, various types of industrial equipment, various electronics, medical equipment and supplies, and even surplus government vehicles, among other things.

The Province of Alberta reports that they auction off more than one-hundred thousand surplus items each year and in so doing generate more than two and a half million dollars per year in revenue for the Province. The addition of the online auction system is expected to bring benefit through allowing a wider section of the public easier access to the Province’s surplus auctions, as well as helping to relieve associated costs involved in transporting the available goods to the sites where live auctions are held, or to the Province’s surplus sales outlet locations. The items sold through the new surplus auction website are sold on an ‘as-is’ and ‘where-is‘ basis, and must be retrieved at the expense of the successful bidder.

The new online government surplus auction website is operate and overseen by Service Alberta, and is available by visiting this link. At the time of the writing of this article, the auction site is featuring such items on its front page as: A five drawer stainless-steel map/plan cabinet with an opening bid amount of $25.00, A rotating magazine stand with an opening bid amount of just $1.00, an Arctic Cat BearCat 440 snowmobile with an opening bid price of $500.00, and a Yamaha Big Bear Quad 4X4 ATV with an opening bid price of $1,000.00. (All prices, of course, are given in CAD)

There are currently, as of this writing, however, a total of 119 separate items up for bid on the site, and all offerings are fully searchable or browsable via the website’s functionality. Members of the public are able to place bids on items 24 hours a day, 7 days a week via the new website. Payments using Visa, Mastercard, and American Express are accepted.