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Government Seek More Buyers Through eBay
Government agencies of all sizes have surplus assets which they seek to dispose of. Prior to eBay, their methods for disposal of assets were pretty limited. Agencies could run auctions, contact liquidators, or simply dispose of the assets as waste.
Auctions would often deliver the highest dollar return but faced the issue of lack of buyer interest. Most government auctions are attended by a small group of buyers. Many of them don’t have the financial purchasing power that would enable auctioned assets to receive high bids.
The other buyers could be professional resellers, purchasing agents, or store owners looking to pay pennies on the dollar.
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