[Vancouver Police Auction] 300 bicycles, other stuff. Sat May 4, in-person only

Apart from the bikes, everything else here is hot garbage. I've seen laptops go beyond even their retail value at the auction.

Omesuri wrote: ↑ Apart from the bikes, everything else here is hot garbage. I've seen laptops go beyond even their retail value at the auction.

I wonder what this cash will sell for.

Omesuri wrote: ↑ Apart from the bikes, everything else here is hot garbage. I've seen laptops go beyond even their retail value at the auction.

Last time I went to a police auction even the bikes were going for over retail. Open to public means a lot of idiots go and get caught up in the auction, over bidding for stuff. Better off getting stuff on kijiji.

LOL city of Vancouver but in surrey.

I went to one 2-3 years back. Almost all the bikes went over-cost. Was really weird to watch people paying more than they would on CL or PinkBike for the same bikes.

Time to become a knight:

Kiraly wrote: ↑ I wonder what this cash will sell for.

https://i.cbc.ca/1.5119233.1556762544!/ ... rrency.jpg

Selling foreign currency that can be exchanged seems odd, selling canadian cash is

evanwier wrote: ↑ I went to one 2-3 years back. Almost all the bikes went over-cost. Was really weird to watch people paying more than they would on CL or PinkBike for the same bikes.

Auctions are so stupid here (see NCIX auctions), I think part of it could be related to money laundering, that or people just have no clue and do it for fun.

Some of the bikes are in really bad shape - only go if you know bikes or know someone who can inspect/fix things for you for cheap.

On top of people bidding over retail, many don't realize there is tax plus a buyers premium

"Auction items will be subject to a 17% buyer’s premium (unless otherwise noted). A 2% discount on the premium will apply to Cash, Debit, E-Transfer or Wire payments. 

All bidders will be charged 7% PST and 5% GST on all purchases made, in all auctions held in British Columbia."

Poalima wrote: ↑ On top of people bidding over retail, many don't realize there is tax plus a buyers premium

"Auction items will be subject to a 17% buyer’s premium (unless otherwise noted). A 2% discount on the premium will apply to Cash, Debit, E-Transfer or Wire payments. 

All bidders will be charged 7% PST and 5% GST on all purchases made, in all auctions held in British Columbia."

29% fees and taxes.

People were overbidding on bikes 20 years ago, the last time I went.

Omg what. Why are the police selling ~~*~*Kits yuppie yoga mom~*~~** starter packs?

Has the fentanyl been washed off?

Am I the only one surprised with a $10 admission/registration charge? I have never seen that with auctions around here. Seems like a cash grab.

You will NOT find a deal at this auction. The amount of stupid that goes to this one every year is amazing. Everybody bids up to and beyond retail price, and that is not even including the 29% auction fee they have to pay on top of it. Most of the bikes look like hot trash, when compared to the prices they are being bid up to

TrevorK wrote: ↑ Am I the only one surprised with a $10 admission/registration charge? I have never seen that with auctions around here. Seems like a cash grab.

I've seen it at seized government goods auctions and high value goods auctions (admin fee = $100, credit towards purchase). It's for crowd control. Live storage locker and container auctions usually has a bidders registration fee.

Small goods auctions are usually not worth it, as people get caught up and forget the auction fee + taxes.

I've been to one police auction and never again. People were basically paying MSRP on goods without warranty.

Omesuri wrote: ↑ Apart from the bikes, everything else here is hot garbage. I've seen laptops go beyond even their retail value at the auction.

Damn, I need to start my own police auction and get rid of my garbage for retail price + 30% in fees + $10 admission.

They used to sell on Ebay.

https://feedback.ebay.ca/ws/eBayISAPI.d ... ons.canada

TrevorK wrote: ↑ Am I the only one surprised with a $10 admission/registration charge? I have never seen that with auctions around here. Seems like a cash grab.

“Grab em by the...” oh wait

They make you pay $10 to discover all the bikes are ridiculously high priced. So many people being robbed there, someone should have called 911.