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Here Is Your Chance To Bid On A US Treasury Confiscated SLR, Bugatti Or Lamborghini
One of the benefits of working for the US Treasury, in addition to printing infinite amounts of debt at ever higher Bid To Covers, is the ability to confiscate stuff. As part of the UST's Seized and Forfeited Program, every several months the Treasury organizes assorted auctions for items that one would typically find at a Goldman Sachs Hamptons Fried Calamari party. At this point, it seems Tim Geithner finds himself in possession of a few extra Veyrons, SLR Maclarens, Bentleys, Stingrays, Spyders and Murcielagos, and needs to urgently get rid of these just in case the Direct Bidders decide to stop taking down up to 30% of each and every UST auction. The upcoming auctions for 2010 will be held in Broward Country, FL, June 3; Riverside, CA, June 9, 2010; Miami, FL, August 11, 2010, and Dayton, NJ, on September 1, 2010. The US Treasury page for the upcoming auction can be found here, as to whether the final auction prices are reasonable, you can check what recent auctions have closed for at this link. Below is the flipbook of all the ridiculous items currently in the possession of the Treasury, and which are now auctionable.
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Maybe once he sells them he can finally pay his f'ing taxes???
I'd bid on it. If Timmay was in the trunk.
Too bad one can't bid on confiscated bandwidth.
The SEC is using Tradebot to frontrun that auction with perfect results for 4 years running
apparently porn requires a metric ass tonne of bandwidth.
Ya and they are probably dual heading 2560x1600 30 inch monitors which means they need at least 8 pornos to fill the available screen space.
But nvidia should be shipping them 3d glasses soon so they get the wraparound effect.
I'm sure Timmy and Ben took that veyron on a couple hot dates (with each other), hitting 200 mph tossing money out the windows.
My highly complex valuation model (don't worry, morts can't understand it) says that Bugatti Veyron is worth $27.48. Can I buy it for my model price, or is this one of those old-fashioned auctions where "the market" determines the price?
Why doesn't the market apply to accounting standards at public companies????????
I'm front running your bid with $27.481
So there. Suck on that exhaust pipe. :>)
Hmm, they accept credit cards, no mention of gold (bitches).
Why is it that there are never any sailboats?
Dude, way too crunchy for MOTU.
Oracle, the WSJ has lists. Sometimes there are boats. Sailboats? Maybe ragboaters are just too discerning to get into a financial pinch.
meh nothing useful..
I wonder if one of these guys owned any of those vehicles:
http://www.youtube.com/watch?v=OQE238J9toA
;-)
Pardon my ignorance, but how does Treasury come into acquiring these cars, boats, etc?
Tax dodgers and stolen money. I think the government has owned just about everything from strip joints to crack houses as people who steal public funds don't tend to make wise purchase decisions.
You can have these tax dodger toys.
Call me when they have a G7 or a Citation up for auction.
I could always use one of those, and they're much faster than any Bugatti or Lamborghini !
Carl, you're going to have to wait a bit for that G7. It doesn't exist yet.
When you do take delivery, however, I'm still looking for another flying job... ;-)
MP
I guess they are not going to put out the helicopters or cris craft speed boats this round..Wonder where there going?
Screw the Chris Craft, I want that Riva! That is one sweet woody (not that woody!) If I thought I could get that for the $15k mentioned i'd be selling 14 coins tommorow for fiat. Hmm, maybe they left some drugs under the seat or something...for barter purposes of course.
Oh man, that Maserati Coupe is fucking sweet.
How much did the treasury pay the graphic designer?
Don't worry too much. If they followed the new normal business model, they outsourced the design work to a freelancer in India over the internet and saved a TON of your money.
Oh, wait. On the other hand...
MP
Thanks for pointing this great auction right in my hometown! I got $10000 on the Murcielago.
Maybe they should be confiscating that penthouse co-op at 15 Central Park West.
It looks like a lot of the cars were from Scott Rothstein.
http://blogs.findlaw.com/courtside/2010/01/disbarred-fla-attorney-scott-...
Good find.
Shit, none of those cars even look attractive to me. I just want something that'll keep me alive when some dumbass runs into me.
I have been to the auction in Dayton NJ. Much of the items get overbid on by people who think they are getting a good deal. You can usually only get a decent deal on high priced items or obscure things that are not very popular. I have seen them sell many gold items like chains and bracelets at way over the intrinsic gold value. Once you get to items that are over $10K or so then you have fewer bidders and mostly professionals.The last auction was for many lots of Kruggerrands. The final prices were about $30 to $50 over spot per 1 ounce coin which is what you can get at apmex.
I want my own personal Ballistic Missile Submarine. There's a few people and countries that need to be brought down a notch. Peace.
2010 Veyron base goes for $2,000,000.00. With a minimum bid of $100,000.00 you'd get a sweet ride at a steep discount.
Whoa yea! Daddy needs a new car!
I won't bother bidding yet. The prices are sure to come down over the next year or two.
DavidC
I Love gucci and chanel. Some women do not mind buying replica handbags, while some women just love designer handbags if you can distinguish between good and bed from the replica handbag?you also can use low price get high quality enjoy?today use chanel handbag ?tomorrow carry gucci handbag?the day after tomorrow hermes handbad in your hand? this niceness all give the credit to low price?same argument you also can buy replica watches?buy DVDs louis vuitton...
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