Friday, Apr 20, 2018
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City police auction brings in $151,175

Toledo police auctioned 86 abandoned vehicles and 11 forfeited vehicles yesterday, yielding $151,175.

The highest bid, $16,200, was for a forfeited 2003 Harley-Davidson Electra Glide, followed by a bid of $12,000 for a 1991 Corvette. The highest bid for an abandoned vehicle was $4,750 for a Ford Econoline van.

The lowest bid - $100 - was for an abandoned 1986 Pontiac Fiero.

The auction had 307 registered bidders.

The money raised by the forfeited vehicle auction, $56,550, will go to the law enforcement trust fund. The abandoned vehicle auction brought in $94,625. After tow and storage fees are paid for the abandoned vehicles, the city's general operating fund will net about $40,000, Officer Kathy Trautman said.

The third auction of the year likely will be held in late summer.

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