Good business opportunity in public auctions
Cash-hungry U.S. states turn to Web to auction goods | Technology | Reuters
NEW YORK (Reuters) - U.S. municipalities, strapped for cash as the recession decimates revenues, are stepping up sales of everything from old police cars, helicopters and bicycles to confiscated jewelry and slot machines in an effort to reduce swollen deficits.
The situation we are going towards reminds me a lot of the collapse of the USSR. There will be great opportunities ahead. In some countries bodies like the customs & excise (at international borders), port authority and the police also do interesting auctions of confiscated property.
Things are changing fast as more competition mean lower selling prices at the time that supply of goods for sale increases.
Perfect buyers’ market.

