STOCK TITAN

The State of Kansas Now Using GovDeals.com to Sell State Surplus

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

The State of Kansas is now utilizing GovDeals.com, an online auction marketplace, to auction surplus property, expanding its reach beyond local buyers to a global audience of over 3.6 million potential bidders. Previously, surplus items were sold at a set price locally, but this change allows for competitive bidding, increasing potential revenue. Auctions will continue periodically, with current available items including vehicles and various surplus goods.

Bidder registration is available at GovDeals.com/Register, and auctions are open to the public until September 16, 2020.

Positive
  • Transitioning to online auctions could increase the revenue from surplus property sales.
  • Access to a global audience of 3.6 million bidders may lead to higher competition and sales prices.
Negative
  • None.

TOPEKA, Kan., Sept. 10, 2020 (GLOBE NEWSWIRE) -- As social distancing regulations are in place across the country, the State of Kansas is offering their surplus property on GovDeals.com, a leading online auction marketplace for government surplus items.

For more than 20 years, GovDeals has served as a platform that allows its clients to auction surplus, seized, or confiscated items online to more than 3.6 million buyers worldwide. The State of Kansas has become one of more than 14,000 government entities that use GovDeals as their selling platform.

Previously, items within the Kansas state government that were declared surplus were offered to the local public at a set price and sold at their surplus warehouse operated by the state. Moving forward the State of Kansas will now be offering surplus items in an online auction sale to a much larger worldwide audience.

Interested buyers can now view and bid on Kansas’ current auctions until September 16, 2020. Current auctions include several vehicles such as a 2016 Chevrolet Traverse, a 2015 Ford Focus, a 2013 Chevrolet Equinox and much more. The State will periodically be uploading assets to the GovDeals website as they become available and are declared surplus.

All of the State of Kansas’ auctions are open to the public. Those interested in bidding must first create an account and complete the free registration form to register as a bidder. New bidder registration can be completed at GovDeals.com/Register.

About GovDeals and Liquidity Services, Inc.

GovDeals is a marketplace of Liquidity Services. Liquidity Services operates a network of leading e-commerce marketplaces that enable bidders and sellers to transact in an efficient, automated environment offering over 500 product categories. The company employs innovative e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government sellers. Our superior service, unmatched scale, and ability to deliver results enable us to forge trusted, long-term relationships with over 14,000 sellers worldwide. With over $8 billion in completed transactions, and over 3.6 million bidders in almost 200 countries and territories, we are the proven leader in delivering smart commerce solutions.

Media Contact:

Angela Jones
GovDeals
(334)-301-7823


Tim Hutley
Federal Surplus Manager
(785) 296-8992

FAQ

What is the significance of Kansas using GovDeals.com for surplus property?

Kansas' use of GovDeals.com allows for online auctions, enabling access to a larger global market, which could enhance revenue from surplus property sales.

When do the current auctions for Kansas surplus property close?

The current auctions for Kansas surplus property close on September 16, 2020.

What types of items are available for auction from Kansas?

Current auctions include various vehicles such as a 2016 Chevrolet Traverse, a 2015 Ford Focus, and a 2013 Chevrolet Equinox, along with other surplus items.

How can I participate in the Kansas surplus auctions?

Interested buyers must create an account and complete the free registration form at GovDeals.com/Register to participate in the auctions.

Liquidity Services, Inc.

NASDAQ:LQDT

LQDT Rankings

LQDT Latest News

LQDT Stock Data

774.30M
21.92M
28.22%
72.32%
2.5%
Internet Retail
Services-business Services, Nec
Link
United States of America
BETHESDA