Item Information

GULFSTREAM GIV AIRCRAFT

Sale-Lot Number:
91QSCI20116601
City, State:
Savannah, GA
Current Bid:
1,901,000 USD (Reserve Not Met)
Bidders:
5
Close Time:
07/16 12:05 PM CT (Closed)
Time Remaining:

 

 

Gulfstream GIV aircraft, SN: 1071. Government owned and operated since aircraft was delivered new in 1989. Airworthiness date: 9/9/1988. In service date: 5/11/1989. Since aircraft was new, all major scheduled inspections and modifications have been complied with at Gulfstream Service Center, Savannah Georgia. Maintained in strict accordance with manufacturer maintenance manual requirements at Gulfstream Service Centers. Maintained and operated under 14 CFR Part 135.411 (a)(2) Continuous Airworthiness Maintenance Program (CAMP) since 1995 with pristine permanent record organization and control. No damage history and always stored in hangar at KDCA since new; For complete specifications, please click the below links labeled Gulfstream GIV Specs and Gulfstream GIV Spare Parts Lists . Buyer shall assess the condition, records, and availability through a physical inspection only. Unknown if any repairs are required. A $100,000 bid deposit is required to participate in this auction. Instructions for submitting a bid deposit can be found by clicking the below link labeled Bid Deposit Instructions . 69222501690001

Additional Documents

Gulfstream GIV Spec Sheet
Gulfstream GIV Spare Parts Lists
Bid Deposit Instructions

Inspection and Removal Information:

Property Location Information:

Inspection by appointment only with 24 hour advance notice.

Inspection and Removal Information:

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

Federal Aviation Administration
Ksav Airport - Savannah/Hilton Head
400 Airways Ave
Savannah, GA 31408

Contact: Michael Bianchi
Phone: 405-212-8667

Michael.J.Bianchi@faa.gov

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

ZACHARY DEAN
Phone: 415-522-2899
zachary.dean@gsa.gov

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
1,901,000 USD (Reserve Not Met)
Reserve Price
true
Reserve Price Amount
N/A
Bid increment
1,000 USD
Inactivity period
10
Run length
28
Inactivity period for reduction of Bid Increment
N/A
Reduction of bid increment
N/A
Reduction of bid increment limit
N/A
Start Time
06/18 12:00 NOON CT
Close Time
07/16 12:05 PM CT
Status
Closed

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#2 (Reserve not met) 1,901,000 USD 07/16/2020 11:55:25 AM CT
Bidder#5 1,877,000 USD 07/16/2020 11:55:25 AM CT
Bidder#3 1,692,000 USD 07/15/2020 03:58:23 PM CT
Bidder#4 1,300,000 USD 07/13/2020 01:49:25 PM CT
Bidder#1 1,012,000 USD 07/13/2020 10:41:42 AM 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.