Surplus are goods that are sold at public auction when no longer needed by the federal government, state government, county or city government, or the military. Private businesses also hold surplus auctions to liquidate fleet vehicles, heavy machinery, manufacturing equipment, computers and office equipment when no longer needed. Entrepreneurs often buy these goods for resale. Businesses and individuals often take advantage of surplus auctions to pick up bargains as well.
If you are considering buying or selling surplus at auction, a professional auctioneer can offer valuable advice. Auctionservices.com has created an Auction Community that is free and open to the public. Members include professional auctioneers who can answer your questions.