by Lafe Low

Bid4Assets Online Auction

Aug 01, 20021 min
Consumer Electronics

It’s another sign of the times: the webpages at are chock-a-block with land parcels, luxury condos and Lamborghinis, ready for your bid. The Silver Spring, Md.-based online auction site that specializes in surplus government assets looks to be on track for its stated goal of profits by year’s end (see “Going, Going, Gonzo” in our Web Business 50 issue at It’s not just fancy sports cars seized from drug dealers either. Auction items also include real estate from defaulted loans or back taxes.

Bid4Assets puts as many as 2,000 items or properties up for auction every month, depending on how busy the feds have been. Here’s a look at some items?and their prices?Bid4Assets recently sold for the U.S. Marshals Service.

$29,099: 2000 Jaguar S-Type (26,215 miles), sold in June

$170,000: 1999 Lamborghini Diablo MOMO Edition Car No. 2, sold in June

$123,300: Single family home in Belton, S.C., sold in May

$91,500: 40 acres of land in Williston, Fla., sold in April