Re: [DML] Re: IRS CAR AUCTION Follow up
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Re: [DML] Re: IRS CAR AUCTION Follow up



 
Bob..
    The Internal Revenue Manual allows the agent at a  public auction to sell 
them as a package and then individually.  Which ever  brings the most money 
in is how it will go. This is usually announced at the  auction.  With the 
minimum bid being so low it did not surprise me that  they sold individually. I 
once sold some large construction equipment and  everyone only wanted an 
excavator.  The bids on all the lots was greater so  that is how it was sold.  Then I 
watched as the high bidder sold off the  stuff he did not want to 
individuals.  He got the item he was after, the  excavator, for a lower net price than 
what he had bid individually.  
 
Roy
0893
 
In a message dated 1/13/2006 1:40:34 P.M. Eastern Standard Time,  
BobB@xxxxxxxxxxxxxx writes:

All  those cars the IRS was auctioning off in TX did NOT sell as a  
package.  They were sold as individual items. Gee, I thought they  were 
a package.  Appears that someone changed the rules (for a few  friends?)






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