Each year approximately 300 public auctions are conducted throughout the U.S. and Puerto Rico to sell property forfeited as a result of violations of federal law enforced by the Department of the Treasury or nonpayment of Internal Revenue Service taxes.

Below, you'll find an interactive graphic illustrating the timeline for all four quarterly auctions in 2023, as well as the reports we issue after each auction detailing settlement price, number of allowances sold, and other information. This graphic also includes information about triggered and potential Allowance Price Containment Reserve auctions. We will update this graphic each year.


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We held our first auction on Feb. 28, 2023, and will hold four quarterly auctions each year. You can find more information about how auctions work below. Information about upcoming auctions and past auction results can be found at the bottom of the page under the 'Notices and reports' tabs.

The total allowance budget for 2023 is 63,288,565 allowances. We announce the number of allowances to be offered for sale at 2023 auctions in our Public Auction Notices, which are posted in the "Notices and reports" section at the bottom of this page at least 60 days prior to the auction date.

Every dollar of state revenue generated by the quarterly auctions will support new investments focused on improving access to clean transportation, clean energy, increasing climate resiliency in our ecosystems and communities, and addressing environmental justice and health equity issues across Washington.

Starting in 2023, we'll host four auctions a year, each consisting of a single round of bidding by auction participants. We'll announce the dates of upcoming auctions at least 60 days in advance on our webpage and to subscribers of the auctions and market updates email list.

We also publish reports on different aspects of auctions and market participation, which will be included here for the current year. For previous reports, we maintain an archive of all cap-and-invest auction and market reports.

Proceeds from the auctions are returned to the RGGI states and have been primarily invested in consumer benefit programs: energy efficiency, renewable energy, direct energy bill assistance, and other greenhouse gas reduction programs.

The RGGI states utilize an online auction platform to offer and sell CO2 allowances. The CO2 allowance auctions are conducted in accordance with the statutory and/or regulatory authority of each state offering CO2 allowances for sale in that auction.

The quarterly regional auctions are open to all qualified participants. For more details on the qualification/application process and related materials, see the Auction Materials page. The Auction Notice for each auction provides an overview of the allowances offered in that auction, key dates and milestones, and other relevant auction-specific information.

The RGGI CO2 Allowance Tracking System (RGGI COATS) is the platform that records and tracks data for each state's CO2 Budget Trading Program, including the transfer of CO2 allowances that are offered for sale by the states and purchased by the winning qualified bidders in the quarterly auctions. RGGI COATS also facilitates participation in the secondary CO2 allowance market and enables the public to view and download reports of RGGI data and CO2 allowance market activity. For details on RGGI COATS, visit the COATS page.

Potomac Economics, an independent market monitor, monitors the performance and efficiency of the RGGI CO2 allowance auctions and the secondary CO2 allowance market. The market monitor releases reports immediately following each RGGI CO2 allowance auction and following each quarter on the secondary market. These are available on the Market Monitor Reports page.

The U.S. Marshals Service (USMS) manages and sells a wide array of assets including, but not limited to, vehicles, vessels, aircraft, fine jewelry, and art. In addition, U.S. Marshals Service is responsible for selling intangible assets such as virtual currency, domain names, and other various licenses. Every year, U.S. Marshals Service features hundreds of online and live auctions that are open to the public. These auctions frequently feature collectible vehicles, diamonds, certified Rolex watches, gold and silver, famous paintings, and much more.

Using our YITH WooCommerce Auction plugin, you will not only be able to make auctions for your products but thanks to the integration of our YITH WooCommerce Multi Vendor you will have the chance to create a real portal for online auctions, allowing all of your vendors to create auctions of their own and letting you earn a share on each one of their sales.

Reduce the number of bids made only out of curiosity or without real interest by requesting users a confirmation before publishing their bids and informing them of the obligations if they win the auctions.

Thanks to the shortcodes, you can create custom pages to show active and scheduled auctions or only those belonging to specific categories. Use the widgets in sidebars or any widget area of your theme. If you use Gutenberg, you can benefit from the related blocks to show your auctions on any page.

Good supportVery good tool with well-thought features. It shows you guys did your researches for giving us a great auctions plugin. I had a small problem with the theme I have but sooner that later, it was all fine.

Excellent integration with StripeI use it for my real state investments auctions right now, and I'm very happy with all the possibilities. I also use the integration with Stripe and it makes everything more fast and automatic. I really recommend it.

Yes, the plugin has a widget to show the latest auctions, each of them with a countdown. Note: you can add the widget to the shop page only if the theme you are using allows showing the widget in a specific sidebar only on the shop page.

 For more information on all included widgets, check this page here.

A Honus Wagner baseball card sold for $3.12 million in 2016."}},{"@type": "Question","name": "Can You Back Out of an Auction Bid?","acceptedAnswer": {"@type": "Answer","text": "If you make a bid and you realize quickly that it was in error, the auction house may let you out of the bid and go to the next highest bidder. However, this is not always the case. At a live auction, a bid represents a legal obligation. It's also possible that you could get sued if you try to back out of an auction."}},{"@type": "Question","name": "When Are Auctions Illegal?","acceptedAnswer": {"@type": "Answer","text": "There are certain activities at an auction that are considered illegal. In some countries, ring bidding, which is the practice of bidding on one's own object in an effort to increase competition. Some countries also forbid chandelier bidding, which is the process of raising false bids at crucial times in the bidding in order to create the appearance of greater demand or to extend bidding momentum.Collusion may also occur in the bidding process, which is when a small group of bidders come together and form a pool, and, thus, manipulate the auction result. At the end of the official auction, the pool of bidders may come together for an unofficial auction. This practice is also illegal in some countries."}},{"@type": "Question","name": "What Happens if No One Bids at an Auction?","acceptedAnswer": {"@type": "Answer","text": "If no one bids at an auction, a vendor bid may be made by the auctioneer. If no bids are placed on a property at an auction, the vendor may decline to put the property back up for auction. In this case, the owner may instead negotiate with potential buyers."}},{"@type": "Question","name": "What Is a Reverse Auction?","acceptedAnswer": {"@type": "Answer","text": "A reverse auction is a type of auction in which sellers bid for the prices at which they are willing to sell their goods and services. The buyer puts up a request for a required good or service. Sellers then place bids for the amount they are willing to be paid for the good or service, and at the end of the auction the seller with the lowest amount wins."}},{"@type": "Question","name": "How Does a Silent Auction Work?","acceptedAnswer": {"@type": "Answer","text": "At silent auctions, items that are for sale are displayed for attendees to place bids on and purchase. There is no auctioneer present at silent auctions; participants place their bids silently and anonymously on a bid sheet using a bidding number."}},{"@type": "Question","name": "How Do You Win an eBay Auction?","acceptedAnswer": {"@type": "Answer","text": "On eBay, individuals can create listings for items they want to sell. These listings typically include the item description, photos, and payment and shipping options. There are two different ways that you can purchase items on eBay. Some sellers offer a "buy it now" feature so you can buy and pay for the item immediately. Other listings are auctions where the highest bidder wins the item. If an item is an auction, the seller chooses a starting price and interested parties can bid against other buyers."}}]}]}] Investing Stocks  Bonds  ETFs  Options and Derivatives  Commodities  Trading  FinTech and Automated Investing  Brokers  Fundamental Analysis  Technical Analysis  Markets  View All  Simulator Login / Portfolio  Trade  Research  My Games  Leaderboard  Banking Savings Accounts  Certificates of Deposit (CDs)  Money Market Accounts  Checking Accounts  View All  Personal Finance Budgeting and Saving  Personal Loans  Insurance  Mortgages  Credit and Debt  Student Loans  Taxes  Credit Cards  Financial Literacy  Retirement  View All  News Markets  Companies  Earnings  CD Rates  Mortgage Rates  Economy  Government  Crypto  ETFs  Personal Finance  View All  Reviews Best Online Brokers  Best Savings Rates  Best CD Rates  Best Life Insurance  Best Personal Loans  Best Mortgage Rates  Best Money Market Accounts  Best Auto Loan Rates  Best Credit Repair Companies  Best Credit Cards  View All  Academy Investing for Beginners  Trading for Beginners  Become a Day Trader  Technical Analysis  All Investing Courses  All Trading Courses  View All TradeSearchSearchPlease fill out this field.SearchSearchPlease fill out this field.InvestingInvesting Stocks  Bonds  ETFs  Options and Derivatives  Commodities  Trading  FinTech and Automated Investing  Brokers  Fundamental Analysis  Technical Analysis  Markets  View All SimulatorSimulator Login / Portfolio  Trade  Research  My Games  Leaderboard BankingBanking Savings Accounts  Certificates of Deposit (CDs)  Money Market Accounts  Checking Accounts  View All Personal FinancePersonal Finance Budgeting and Saving  Personal Loans  Insurance  Mortgages  Credit and Debt  Student Loans  Taxes  Credit Cards  Financial Literacy  Retirement  View All NewsNews Markets  Companies  Earnings  CD Rates  Mortgage Rates  Economy  Government  Crypto  ETFs  Personal Finance  View All ReviewsReviews Best Online Brokers  Best Savings Rates  Best CD Rates  Best Life Insurance  Best Personal Loans  Best Mortgage Rates  Best Money Market Accounts  Best Auto Loan Rates  Best Credit Repair Companies  Best Credit Cards  View All AcademyAcademy Investing for Beginners  Trading for Beginners  Become a Day Trader  Technical Analysis  All Investing Courses  All Trading Courses  View All EconomyEconomy Government and Policy  Monetary Policy  Fiscal Policy  Economics  View All  Financial Terms  Newsletter  About Us Follow Us      Table of ContentsExpandTable of ContentsWhat Is an Auction?How Auctions WorkExample of AuctionsTraditional vs. Dutch AuctionsHow to Buy a House at an AuctionAuctions Pros and ConsWho Is Featured on the Most Expensive Baseball Card Ever Sold at Auction?Can You Back Out of an Auction Bid?When Are Auctions Illegal?What Happens if No One Bids at an Auction?What Is a Reverse Auction?How Does a Silent Auction Work?How Do You Win an eBay Auction?BusinessBusiness EssentialsWhat Is an Auction? Definition, How They Work, Pros, and ConsByCaroline BantonFull Bio  Caroline Banton has 6+ years of experience as a freelance writer of business and finance articles. She also writes biographies for Story Terrace.Learn about our editorial policiesUpdated June 08, 2023Reviewed byJeFreda R. Brown Reviewed byJeFreda R. BrownFull Bio  Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. She is the CEO of Xaris Financial Enterprises and a course facilitator for Cornell University.Learn about our Financial Review BoardTrending Videos What Is an Auction? An auction is a sales event wherein potential buyers place competitive bids on assets or services either in an open or closed format. Auctions are popular because buyers and sellers believe they will get a good deal buying or selling assets. 2351a5e196

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