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 Post subject: Re: Nobody saw this? GP10 on Gov Liquidation
PostPosted: Sat Oct 07, 2017 9:52 pm 

Joined: Wed Dec 15, 2010 8:17 pm
Posts: 139
jayrod wrote:
scwillis51 wrote:
It went for more than $10,001. That was my bid. Sealed bids are super secret. I don't understand how that is possible since the property was public-owned.


Sealed bids generally means that bids are submitted in a sealed envelope so no on else can see them prior to the specified bid opening time - keeps things honest. The bid results are usually public after they've been tabulated. At least that's how it works on municipal and federal construction projects. Shouldn't be any different for an auction.


There phone number is on their website, give them a call.


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 Post subject: Re: Nobody saw this? GP10 on Gov Liquidation
PostPosted: Sat Oct 07, 2017 10:58 pm 

Joined: Sat Aug 25, 2007 12:45 am
Posts: 457
jayrod wrote:
scwillis51 wrote:
The bid results are usually public after they've been tabulated. At least that's how it works on municipal and federal construction projects. Shouldn't be any different for an auction.
Govliquidation has a Past Bid Results section on their website, but Event ID 15472 (the locomotive)is not listed there.


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 Post subject: Re: Nobody saw this? GP10 on Gov Liquidation
PostPosted: Mon Oct 09, 2017 11:57 am 

Joined: Sun Aug 22, 2004 11:54 pm
Posts: 1733
Now on Sterling Rail

http://www.sterlingrail.com/classifieds ... p?id=19111


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 Post subject: Re: Nobody saw this? GP10 on Gov Liquidation
PostPosted: Mon Oct 09, 2017 1:02 pm 

Joined: Fri Sep 28, 2012 7:11 am
Posts: 23
I called Gov Liquidation after the auction to see if they would tell me the selling price. They said that they do not disclose the sale price on sealed bid auctions.


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 Post subject: Re: Nobody saw this? GP10 on Gov Liquidation
PostPosted: Tue Oct 10, 2017 11:13 am 

Joined: Fri Mar 26, 2010 11:43 am
Posts: 419
Location: Floyd, AR
Could this be FOIA from the fed? The auction site can keep it secret but surely this meets FOIA guidelines.

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 Post subject: Re: Nobody saw this? GP10 on Gov Liquidation
PostPosted: Tue Oct 10, 2017 1:08 pm 

Joined: Wed Dec 15, 2010 8:17 pm
Posts: 139
Pegasuspinto wrote:
Could this be FOIA from the fed? The auction site can keep it secret but surely this meets FOIA guidelines.


The auction company claimed to me that they are a private company and that they do not have to reveal the bid results.

I took it to my U S Senator and got no where. I just decided it was not worth the time to do a FOIA filing.

Items that are not done by sealed bid, clearly have an area where you can see the bid results, so my question was, why not the sealed bids.

Before the government hired a private contractor to handle the sales of surplus property, government employees did this. This was also before the computer age and all was done by mail in sealed bids. But even then the bid results could be had. There was a company that would publish the bid results for a price, you subscribed to their services.


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 Post subject: Re: Nobody saw this? GP10 on Gov Liquidation
PostPosted: Wed Oct 11, 2017 3:20 pm 

Joined: Fri Dec 03, 2004 9:42 pm
Posts: 2431
That's just not right. I totally believe what you're saying, but don't agree with the policy.

It's government property. The public should be able to know what it was sold for. This is taxpayer funded property. Seems like a system that's ripe for abuse.


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 Post subject: Re: Nobody saw this? GP10 on Gov Liquidation
PostPosted: Wed Oct 11, 2017 6:13 pm 
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Joined: Thu Oct 08, 2015 11:54 am
Posts: 128
Location: Orrville, OH
Hmmm.... The auction company has a contract to sell for the Fed. The auction company may have a policy to keep sealed bid results private but somewhere, somehow you should be able to find out what the Fed receives after the paperwork is completed, filed and money collected and paid. There'd have to be a report generated somewhere. If you find out the gov't cut, you can add back in the buyers premium to determine the final bid price. You'd have to ask the agency that handles the contract with the auction company - don't have the foggiest of who that would be, though. You might have to dig for the info and it'll likely be a huge pain in the butt. You'll have to ask yourself if your curiosity is that really that strong or if the value of your time is worth the effort.

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