US Treasury Auctions Information
Every year the IRS holds around three hundred public auctions throughout the United States and Puerto Rico. Seized goods, such as property that has been forfeited as a result of violations of federal law, are available for purchase by the public.
In addition to automobiles, the auctions also feature various items, including aircraft, boats, real estate, jewelry, electronics, industrial equipment, and other miscellaneous goods. Both new and used property is available.
Property auctioned by the Internal Revenue Service (IRS):
Property seized/forfeited due to violations of federal laws enforced by the U.S. Department of the Treasury and the U.S. Department of Homeland Security, auctioned by the Treasury Executive Office for Asset Forfeiture (TEOAF)
- Real Estate
- General Property, Vehicles, Vessels & Aircraft
- Additional Cars (in cooperation with the U.S. Department of Homeland Security)
Sales proceeds from TEOAF auctions are deposited in the Treasury Forfeiture Fund. Revenues from the Treasury Forfeiture Fund are used for law enforcement activities and for restitution to victims of fraud.