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Auction Fever

Is there really gold in government auctions?

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This story appears in the April 2000 issue of Entrepreneur. Subscribe »

The ads make it seem so easy-great stuff at dirt-cheap prices that you can sell for huge profits. And when the auctioneer is Uncle Sam, you can't lose . . . can you?

It depends. U.S. Department of Treasury Seized and Abandoned Property Auctions offer an amazing array of commodities in a broad range of lot sizes. But auction shopping isn't for everyone-it takes cash, connections and nerves of steel.

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