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Local police auctions function on one very basic principle. A large quantity of stolen or forfeited goods is confiscated and turned in for evidence. Since it's nearly impossible to find the rightful owner of these goods, these items build up rather quickly, and need to be disposed of in the same manner...fast and cheap. I know of a man that bought a Rolls Royce for $400.00. How did he do it you ask? Very simple, he was the only one that showed up to bid. This gentleman then turned around and sold this car for more than $60,000. Now that is what I call I nice days pay. Now granted this is an extremely rare case, but the idea is sound, the average citizen is just not informed, and those that are, reap the profits.
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