January 05, 2004

Have you seen the Property Room @ Stealitback.com?

Auctions with a twist are on at the Property Room .
NY Times reports “Police-Seized Loot Is Online, and Yes, It’s a Steal”

In late August the New York Police Department signed a contract with the Property Room, a California company that runs the Web site propertyroom.com. The site, which auctions just about every imaginable item that has been seized by the police besides cars, receives some 12 million hits a month, said Tom Lane, a former New York City officer and one of the company’s founders.

The Web site lists nearly 200,000 registered bidders, far more than the handful of early risers who used to show up for the Police Department’s live auctions at the otherwise deserted — and remarkably hard to find — 1 Police Plaza in Lower Manhattan.

A new twist on internet auctions, apparently it’s working for the NYPD. Maybe other Police Departments will join the band?

Posted by akvalley at January 5, 2004 01:24 AM | TrackBack
Comments

I apologize for using today’s topic like this, but had to pass on my experience after seeing that StealitBack.com was reviewed here.

I bought a laptop slated to be in “good” condition from Stealitback.com. They first charged my crediti card for my than authorizeed. This raised my suspicions. I contacted the website to settle the problem with the company. They were less than helpful. They promised to correct their site in the future, and that was all. After going back and forth with them so many times, I decided I had to follow through with my credit card company. I opened the product and took it to Best Buy to have it inspected. I figured that if they were this unethical about the billing practices, I might be in for more problems. The item was in horrible shape and its contents could not be confirmed when powered up. I was told to immediately send it back. Now I knew my fears were justified. I do not want this item. I am not happy with the services that were given me, and to top it off, I was overcharged.

Be Forewarned.

Posted by: PeteRoc68 at February 5, 2004 10:48 AM

My belief, after careful exam and consideration, is that this site steers and schills. That is, they enter phony bids to run up the price and also carefully protect “arranged” bids to steer them to pre-selected buyers who than share with them on resale, or by further commission. Totally dishonest and not as represented. IMHO. R.

Posted by: R. at June 29, 2004 12:05 AM

I have been using Stealitback.com for some time now and I have never had a problem. Most of the time the item is in better condition than described and includes stuff that was not listed (freebies)! It boils down to this: If an item is untested your taking your chances, if your not sure about an item DONT BID, and if you do bid and dont get what you expect- be more careful in the future!!!!!

Posted by: Jason at November 17, 2004 10:11 AM

I purchased a Toshiba Tecra 8200 Laptop from the property room. I won the bid by $10 at $270. After researching the going rate of this laptop. All sites I found sold it ranging from approximately $400-$500. The laptop I got from property room works great! I installed Windows 2000 Professional on it and now I take it with me wherever I go. This laptop even has wireless technology to boot. I’d recommend this site to anyone looking for a great deal. However, only buy laptops listed as “tested and powered on.” The ones listed as “As Is” should probably be avoided unless for parts only. Here are my laptop’s specs:

Toshiba Tecra 8200
CPU: Pentium III 750 MHz
RAM: 256 MB
HD: 10 GB
CD: DVD-ROM
Monitor: 15” TFT
OS: Installed Windows 2000 Professional

Godbless

Posted by: Rod at June 28, 2005 02:19 PM
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