Taken from article on www.wickedlocal.com By Dawn Bucket/Columnist
With one day to go, the top bid for a 1989 25-foot Boston Whaler Frontier being auctioned by the town of Marblehead on municibid.com, a government auctions website, stood at $5,300.
Open to the public, bidding will close at 10:42 a.m. Friday, Aug. 19. The boat is available for review at:www.municibid.com/detail.asp?id=11319.
Municibid founder and CEO Greg Berry said, “Taxpayer demand and tightened budgets require government agencies to look for new ways of increasing non-tax revenue. Municibid is an easy way to earn substantially more money for surplus at no cost to the agency.”
Berry added, “Auction items will reach a much broader, national and global audience of competing bidders.”
In one example, two Massachusetts towns including, the city of Boston, used municibid.com to sell vehicles instead of their usual method of selling surplus items.
“Listing locally, the city of Salem would have made $100 or $200 for each of the eight vehicles listed,” said Tom Watkins, acting purchasing agent. “Instead, $5,967 was generated on municibid.com for the general fund.”
Watkins explained, “It’s a good way to get better pricing, because we’re reaching a much broader audience,” Watkins explained, adding that bids came from as far away as Pennsylvania.
The Pottstown, Pa.-based municibid.com is different from other government auction websites because it lists items all over the social web to target bidders of specific items. It integrates into the social-media world via Facebook, Twitter, YouTube, Linkedin and more.
Government merchandise is now a click away from a huge online audience, resulting in more bids and more money, according to the company. The selling process is fast and the service is easy to use, the company added.
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