Am I reading this correctly?

[LRAO]

IRS Auction - Sales Ad for Sacramento, CA

Is the government telling me that for taking off their hands, I can only try for a 5% discount?

 

[ziggy29]

IRS Auction - Sales Ad for Sacramento, CA

Is the government telling me that for taking off their hands, I can only try for a 5% discount?

Keep in mind that the items are shares of commonly traded stock. There's a pretty good chance you could immediately flip these for a 3% profit or more. The liquidity is probably the reason for a minimal discount. If these were assets with poor liquidity, you can bet the discount would be larger.

Still, why doesn't the IRS just sell these shares directly for 100% of the market value less commissions? Is there some legal prohibition on that?