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  5. ›HARBOR - Public Auction

City and Borough of Wrangell·Alaska

HARBOR - Public Auction

Closes 8/23/2019$8k – $15kInvitation for Bid
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Description

The City & Borough of Wrangell is conducting a public, sealed‑bid auction to dispose of surplus maritime assets. Two items are offered: a 41‑foot fiberglass fishing hull (“TRES SUERTES”) and a collection of vans/building supplies. Both items are sold “as‑is” with no warranties, and buyers assume all risk, including liability for any injuries or damages. Minimum bids are set, and the highest acceptable bid at the auction time will secure the purchase. The auction is scheduled for August 23 2019 at 2 pm in Wrangell City Hall. • Item 1 – 41‑ft fiberglass fishing hull, minimum bid $6,888, located at Ritchie Yard Storage. • Item 2 – Vans / building‑supplies lot, minimum bid $5,033, located at Dock / Lot 2. • Bids must be submitted in a sealed envelope marked “Harbor Auction Sale – August 23 2019 2:00 pm.” • All sales are cash only, with no warranty; buyer must sign a waiver and release of liability. • High‑bidder will be notified within 1–2 days; payment required within one week of notification.

Attached files

Contact

(907) 874‑3736

Key dates

Opened
10/7/2026
Closes
8/23/2019
Projected award
8/23/2019

Last updated

Details

Type
Invitation for Bid
Industry
Shipping Services
NAICS
531130

Budget estimate

$8,000 – $15,000

The auction lists minimum bids of $6,888 and $5,033. Assuming a buyer can resell the vessel and equipment at market rates or use them in operations, a reasonable profit margin might range from 20 % to 50 %. This yields an estimated revenue (or profit) between roughly $8 000 and $15 000 for the entire transaction. Factors influencing the range include the buyer’s ability to refurbish the hull, demand for used vessels in the region, and the value of the vans/building supplies to a contractor.

AI estimate from the solicitation

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