Tuesday, November 6, 2012

Using Online Bidding Sites To Liquidate Military Surplus Gear


Online Bidding Site Helps Rid Military Of Surplus -- Stars And Stripes

YOKOTA AIR BASE, Japan — Need a nuclear-powered guided-missile cruiser? How about 1,758 pairs of knee and elbow pads, a Coast Guard cutter or a mule?

Ten thousand items that once might have gone on the block at live auctions on military bases all over the world now are being listed each week at an online bidding site — govliquidation.com — that has done for military surplus gear what eBay did for stuff that people hoarded in their closets.

In the decade since military surplus sales went online, a publicly traded company that runs the auctions, Liquidity Services, has generated more than a half-billion dollars for the U.S. Treasury, including $180 million in the last year alone.

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WNU Editor: Gov Liquidation's website is here.

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