Rockport Approves ELCO Consignment Auction Contract

Rockport City Council approved a consignment auction contract with ELCO Auctions Asset Marketing Solutions. The agreement covers the online sale of consigned City assets, with ELCO earning a 10% commission and a 13% buyer’s premium.

Document date · September 8, 2026

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Scope & details

The full contract record, as filed.

Contract amount

10% commission from gross auction sales proceeds; 13% Buyer’s Premium paid by buyers

Contract type

OTHER

Contract term

Auction date mutually agreed upon; settlement ten business days after specific sale date

Renewal

One-time auction services contract; changes or alterations must be executed in writing by both parties.

Document type

AgendaPacket

Source document

City of Rockport AgendaPacket City Council Regular Meeting 2026-09-08

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Other contracts from Elco Auctions Asset Marketing Solutions.

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City of Rockport Agenda Regular Meeting 2026-09-08

APPROVED

City of Rockport, TexasSep 8, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Rockport?

Elco Auctions Asset Marketing Solutions was awarded this government contract by City of Rockport, as recorded on September 8, 2026. The contract value is 10% commission from gross auction sales proceeds; 13% Buyer’s Premium paid by buyers.

How much is the Elco Auctions Asset Marketing Solutions contract with City of Rockport worth?

The Elco Auctions Asset Marketing Solutions contract with City of Rockport is valued at 10% commission from gross auction sales proceeds; 13% Buyer’s Premium paid by buyers.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Rockport AgendaPacket City Council Regular Meeting 2026-09-08 (AgendaPacket), dated September 8, 2026 from City of Rockport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Elco Auctions Asset Marketing Solutions hold?

Elco Auctions Asset Marketing Solutions may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Elco Auctions Asset Marketing Solutions's profile

What is City of Rockport currently buying?

Explore City of Rockport's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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