Press Release (ePRNews.com) - OXFORD, Ohio - Jan 19, 2017 - Miami University currently has four lots of oriental rugs for auction on the online government surplus auction website GovDeals.com.
The auctions began on January 13th, and will run until January 31, 2017. There are a total of fourteen rugs available for auction. The rugs have been split up between four lots. One lot consists of one rug for sale, two lots have two rugs each, and a fourth lot offers nine rugs for sale.
All fourteen rugs up for auction were purchased new and have been in storage for years.
Each rug has been appraised for its current condition and value, and the appraisals have been attached to its corresponding auction page. The University has made the appraisals available to the public so bidders are able to see the rug’s appraised value before placing a bid.
Miami University has been selling surplus assets on GovDeals.com since 2009, and has completed over 270 successful auctions, with ending bids totaling over $580,000. These auctions provide much needed funds that the University can then invest back into its students and campus.
Previously, before selling their items online, Miami University hosted annual, on-site public auctions. The University now posts items for auction on an as-needed basis, as the items are declared surplus by the University.
Anyone interested in bidding on the rugs, or any other items on the website, can register for free at www.govdeals.com.
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Molly Nations Source :