**PAYMENT DUE WITHIN 24 HOURS OF SALE CLOSING. THE SUCCESSFUL BIDDER WILL NOT BE OBLIGATED TO TAKE OWNERSHIP OF ANY LIEN(S) ATTACHED TO PROPERTY SOLD ON THIS LOT. THE LIEN(S) WILL BE REMOVED UPON PAYMENT OF THE LOT***. This lot consists of a 2011 Porsche Panamera 4. Color: White, Odometer: 132537, VIN: WP0AA2A79BL013534. There is a crack in the windshield. The seats are worn in places. There is approximately a two inch scratch on the hood. There are chips out of the plastic brake light cover. Inspection will only be held on September 16, 2019 from 1:00 PM until 3:00 PM (local time) at the Lilburn, GA lot noted below. ***This sale from the U.S. Internal Revenue Service will close at the stated time without any bid extensions. Payment for items on this sale must be received within 24 hours of the close of the sale. Successful bidders must email the tracking number for overnight mail delivery or the wire transfer confirmation number to the Sales Contracting Officer at Adrian.Williams@gsa.gov on the sale close date. This item will be sold "as is, where is" with no attestation as to the accuracy of the description and the condition. No refunds will be issued. In addition, any and all claims regarding the subject property are to be submitted to the U.S. Internal Revenue Service. **** These provisions supersede the online sale terms and conditions in which you accepted when you first registered. By submission of your bid on this auction, you hereby agree to the terms and conditions of this sale including these amended provisions. *****Property must be removed within 10 business days from the date and time of award e-mail notification. If arrangements have not been made and the property remains after the 10 day allowance, storage fees will be charged and must be collected prior to release*****. *****An SF-97 will NOT be issued on this sale. The successful buyer will receive IRS Form 2435 Certificate of Sale of Seized Property, which can then be used to show ownership and obtain title to the asset, as applicable. *****Please be advised this vehicle has a recall*****. The successful bidder will be responsible for resolving recall with manufacturer******Click Link to View Attachment Pertaining to Recall*****. 205AF392170001
PUBLIC AUCTION SALE NOTICE
NOTICE OF ENCUMBRANCES
Special Inspection Information
Access to some federal facilities is now impacted by the Real ID Act. If using a drivers license or state issued identification card as identification, it will need to comply with the requirements of the Real ID act at those locations. Refer to www.dhs.gov/real-id-public-faqs for more information on the REAL ID Act. Individuals without licenses from compliant jurisdictions may present alternative forms of identification - such as a U.S. Passport - accepted by the agency. Some agencies may have additional processes to accommodate individuals lacking the prescribed identification documents.
INSPECTION BY APPOINTMENT ONLY ON SEPTEMBER 16, 2019 FROM
1 P.M. TO 3 P.M. (LOCAL TIME)
INSPECTION IS HIGHLY ENCOURAGED. REMOVAL BY APPT ONLY.
Please contact the custodian for inspection dates and times and for removal arrangements.
Property Location and inquiries/questions regarding property inspection and/or removal:
S & W Services
175 Arcado Rd NW
Lilburn, GA 30047
Contact: Paul Reed
For inquiries/questions regarding contractual issues, contact the following sales contracting officer/property disposal specialist:
For inquiries/questions regarding payments ONLY, see the Payment and Removal section of the FAQ's located at the top right of this page OR refer to the contact information provided on your notice of award email.
Auction Description and Bidding Rules
This is an English auction. At the close of the auction, the user with the highest bid wins the auction, as long as that bid is at or above the auction's reserve price. The reserve price is the lowest price accepted for the item.
Once you submit a bid, you cannot cancel it, but you can replace it with a higher bid. When you submit a new higher bid, it replaces your previous one.
Click the Bid History link to see the bids you have submitted in this auction (My Bids).
- Current High Bid
- 15,100 USD
- Reserve Price
- Reserve Price Amount
- Bid increment
- 100 USD
- Inactivity period
- Run length
- Inactivity period for reduction of Bid Increment
- Reduction of bid increment
- Reduction of bid increment limit
- 25 USD
- Start Time
- 09/09 10:00 AM CT
- Close Time
- 09/12 02:35 PM CT
This auction will end in one of these ways:
- At the auction close time if no bids (proxy or flat) are placed within the inactivity period, or the auction is not subject to a inactivity period.
- After the inactivity period has passed without any bids (proxy or flat) being placed.
Note: "N/A" or a blank indicates that the value is not available for this auction.
How To Bid
Placing a Bid
GSA Auctions only accepts minimum and maximum bids. A maximum bid is the maximum amount you are willing to pay for an item. Maximum bids are also referred to as proxy bids. When you place your maximum bid, GSA Auctions will use as much of your bid as needed to make you the current winner of the auction or to meet the auction's reserve price. The minimum bid you can place is either the starting price of the auction, or the current high bid plus the bid increment.
GSA Auctions only accepts bids in whole dollar amounts. Bids in partial dollar amounts, $150.25 for example, will not be accepted by the GSA Auctions system.
The reserve price is the minimum price that GSA Auctions is willing to accept for an item. If your maximum bid equals or exceeds the reserve price, your bid will be placed at the reserve price.
How Are Tie Bids Resolved in GSA Auctions? If a bidder places a bid with the same proxy bid amount as another bidder, the previous (first) bidder will have the current high bid since their bid was placed first. Both bids are recorded with the same amount, displaying the first bidder with the same amount as current high bid, until another bidder bids higher.
Competing Proxy Limits
When two proxy bids compete, the greater of the two proxy limits always wins. If the greater proxy limit exceeds the lesser proxy limit by the bid increment, then a bid equal to the lesser proxy limit plus the bid increment will be placed. If the greater proxy limit does not exceed the lesser proxy limit by the bid increment, then the greater proxy limit's maximum bid will be placed.
Increasing Your Maximum Bid
You can increase your maximum bid if you are currently the winner in an auction. To increase your maximum bid, enter an amount greater than your current maximum bid. Increasing your bid will not increase your current high bid.
Decreasing Your Maximum Bid
You can decrease your maximum bid if you are currently the winner in an auction. To decrease your maximum bid, enter an amount less than your current maximum bid. You cannot decrease your bid below the minimum bid price.
Maximum Bid / Proxy Bid
Your maximum bid or proxy bid, submits bids on your behalf. You specify the maximum price you are willing to pay. If you are outbid, the system submits a replacement bid at a higher price to keep you in the auction. It will bid as much as your maximum bid but no more.
Your maximum price is not shown to any other bidders.
If the system reaches your maximum bid limit, it stops bidding for you. Submit another bid if you want to continue bidding.
Winning & Trading
The highest bid at the close of the auction wins.
If your bid is lower than the reserve price, you will not win the auction.
Reduction of Bid Increment Notes
The reduction of bid increment happens when there is no bid activity within a specified time for an auction. The system will decrease the incremental bid amount by a percentage upto a limit based on template codes designed for this purpose. All auctions are not subject to the reduction of bid increment rule. Here's an example: A bid increment is set at $25.00 for an auction. A No-Bid-Period has been set for 2 days at a reduction rate of 10 percent and a reduction limit of $20.00. After 2 full days of inactivity for the auction, the bid increment will be reduced by 10 percent now making the current bid increment $22.00. 10 percent of $25.00 = $2.50 rounded to the nearest dollar $3.00. The reduction is repeated for multiple inactivity periods until the reduction limit is reached or auction closes.
Note: When "Compatible" bidding occurs (two or more bids of the same amount are submitted), the "high bid" is determined by GSA Auctions system's evaluation, based on the time of submission and/or by proxy.
To enhance bidder privacy, and protect GSA Auctions users from fraudulent emails, GSA Auctions has changed how User IDs are displayed on the bid history page. Only you can view your User ID, all other members will see anonymous user IDs, such as Bidder*.
As of February 14, 2009 bidders will be assigned the actual bidder number for the sale/lot based on when they placed their bid, if you are the first bidder for this sale you will see Bidder#1, if you are the second bidder you will see Bidder#2.
Bidders in the Auction (Current top 10 bidders)
| Bidder#12 (Current High Bid)
|| 15,100 USD
||09/12/2019 11:40:25 AM CT
|| 15,000 USD
||09/12/2019 11:40:25 AM CT
|| 14,400 USD
||09/11/2019 02:05:52 PM CT
|| 11,900 USD
||09/10/2019 07:11:30 PM CT
|| 11,200 USD
||09/10/2019 05:58:16 PM CT
|| 10,000 USD
||09/10/2019 12:48:57 PM CT
|| 10,000 USD
||09/10/2019 12:48:57 PM CT
|| 8,400 USD
||09/09/2019 07:28:42 PM CT
|| 8,100 USD
||09/09/2019 06:59:25 PM CT
|| 5,200 USD
||09/09/2019 05:16:01 PM CT
No bids currently
Please confirm location and directions with the property location point of contact prior to scheduling transportation or pickup.
(*) Possible Extension. See Bidding Rules.