Item Information


Sale-Lot Number:
City, State:
Lawrence, MA
Current Bid:
57,700 USD
Close Time:
11/17 10:00 AM CT (Closed)
Time Remaining:



Year: 2019
Make: Chevrolet
Model: Corvette Grand Sport
Vin: 1G1YV2D78K5103608
Mileage: 170

***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 2019 Chevrolet Corvette Grand Sport Coupe, 1LT. Exterior color: Admiral Blue Metallic, Interior color: Adrenaline Red. 6.2L V8 DI/WT, 7-speed manual transmission, VIN: 1G1YV2D78K5103608, Mileage: 170. Engine hours: 0.6, Lifetime REVs/10,000 - 96. There are no known defects with this vehicle. NOTE: There will be no inspection available for this vehicle. ***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. At this time due to COVID-19 restrictions, GSA is not accepting checks or money orders per the guidelines on the GSA Auctions website. If the successful bidder is paying via a wire transfer, please email the confirmation details to the Sales Contracting Officer at 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. 205AF302740001

Additional Documents


Inspection and Removal Information:

Property Location Information:




Inspection and Removal Information:

Property Location and inquiries/questions regarding property inspection and/or removal:

Coady's Towing
139 Marstow St
Lawrence, MA 01841

Contact: Paul Reed
Phone: 770-826-1271
Fax: 866-471-5833

For inquiries/questions regarding contractual issues, contact the following sales contracting officer/property disposal specialist:

Adrian Williams
Phone: 404-267-8056

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).

Auction Properties

Current High Bid
57,700 USD
Reserve Price
Reserve Price Amount
Bid increment
238 USD
Inactivity period
Run length
Inactivity period for reduction of Bid Increment
Reduction of bid increment
Reduction of bid increment limit
100 USD
Start Time
11/02 10:00 AM CT
Close Time
11/17 10:00 AM CT

Closing Rules:

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.

Reserve Price

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 Bid Amount Date-Time
Bidder#15 (Current High Bid) 57,700 USD 11/09/2020 09:26:14 PM CT
Bidder#17 56,563 USD 11/09/2020 03:35:07 PM CT
Bidder#16 55,750 USD 11/07/2020 09:40:22 AM CT
Bidder#13 54,000 USD 11/02/2020 10:47:37 PM CT
Bidder#14 53,000 USD 11/02/2020 10:47:37 PM CT
Bidder#12 51,000 USD 11/02/2020 08:25:49 PM CT
Bidder#6 50,522 USD 11/02/2020 08:25:49 PM CT
Bidder#11 48,522 USD 11/02/2020 04:55:20 PM CT
Bidder#10 46,005 USD 11/02/2020 01:21:58 PM CT
Bidder#8 42,004 USD 11/02/2020 01:21:58 PM CT

Your Bids

Bid # Bid Amount Max Limit Status Date

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.