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The State of Iowa Conducts Online Surplus Sale with GovDeals

1. Iowa is hosting surplus auctions for 200 travel trailers. 2. Auctions on GovDeals start with minimum bids of $5,000. 3. Bidding concludes between June 23-27, 2025. 4. GovDeals empowers efficient surplus management for government entities. 5. Liquidity Services (LQDT) powers the GovDeals platform.

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FAQ

Why Bullish?

The ongoing surplus auctions demonstrate LQDT's active marketplace presence, potentially boosting revenue.

How important is it?

The active auctions may lead to increased transactions and visibility for LQDT, positively affecting investor sentiment.

Why Short Term?

The auctions are immediate, with results impacting LQDT's performance in the coming weeks.

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DES MOINES, Iowa, June 19, 2025 (GLOBE NEWSWIRE) -- The State of Iowa is currently conducting a series of online surplus auctions for 200 travel trailers for 2023, 2024 and 2025 model years. The auctions are being hosted on GovDeals, the leading online marketplace for government agencies to sell vehicles, real estate and other surplus assets. The auctions are now live on GovDeals with minimum bids starting at $5,000. Bidding will conclude between June 23-27. Inspections of the trailers are available as noted on the individual auction pages on the GovDeals platform. “We’re excited to offer an auction format that makes it easy for anyone to participate and allows us to cast as wide a net as possible for potential buyers,” said Barbara J. Bendon, Bureau Chief, State of Iowa, Department of Administrative Services. “Our office is committed to maximizing the value of our surplus, collecting revenue for essential government services.” GovDeals specializes in online auctions for surplus and confiscated assets. With a vast network and user-friendly platform, it empowers government entities to efficiently manage surplus property while providing buyers with unique opportunities to find high-value purchases. To bid on these properties or any assets on GovDeals, interested parties must first create an account and complete a free registration form. About GovDeals GovDeals is the world’s leading marketplace for surplus government and educational assets, ranging from heavy equipment and transportation to industrial machinery and real estate. The platform specializes in surplus disposition technology, partnering with government agencies and related entities to sell "as is, where is" surplus equipment and materials in a transparent fashion. Sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. Buyers have direct access to all the surplus assets across Liquidity Services’ network of marketplaces in one centralized location. GovDeals is powered by Liquidity Services (NASDAQ:LQDT), one of the most experienced and trusted companies supporting millions of customers in the circular economy across the globe.

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