PropertyRoom.com is an online auction site much like eBay and often used by police departments and public municipalites to sell stolen, seized, found and surplus goods and vehicles. PropertyRoom.com serves over 1,500 police departments and other public agencies nationwide.
When the rightful owners of merchandise are not identified, many agencies offer items for an online auction through PropertyRoom.com. They also operate StealItBack.com where citizens can register any lost or stolen items reported to their local police department. StealItBack.com will search its database and will return the item(s) to the police department where the theft or loss was reported so that the merchandise can be returned to its rightful owner.(For StealItBack.com – look at the very bottom of the PropertyRoom.com website.)
Buyers pay for the shipping unless they choose to pick up their merchandise at their warehouses in Long Island, New York and or Los Angeles. PropertyRoom.com splits the proceeds with the agencies and the percentage they keep depends on how much the items sells for. Most of the merchandise is sold for less than $1,000.
Some of the items listed for auction as of August 18, 2009:these are the current bids, NOT the winning prices
Apparel – brand new Camen Marc Valvo sunglasses highest bid $11.00
Automotive – Garmin Nuvi 660 GPS $51.00
Bicycles – Schwinn Stingray $21.00
Coins & Currency – BU 1986 Silver Dollar Statue of Liberty $16.99
Computer & Electronics – HP DV1000 Laptop $106.00
Fine Art – Vizussi Original Hand Blown Glass Vase – $57.03
Jewelery/Watches – Skagen Watch – $41.99
Tools and an “everything else” category.
The site claims it sells 98% of what is listed and customers report scoring some great deals. Sounds like a More With Less Today kind of place.
Their website promises a “Fraud Free” online marketplace both in terms of purchasing items online at their site and inspecting and appraising the merchandise before listing it for auction.
Here are some of the partners who use PropertyRoom.com:
New York Police Department
Seattle Police Department
Cincinnati Police Department
Albuquerque Police Department
Broward County (FL) Police Department
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Here are some recent posts on other auction sites: