For all you last minute Christmas shoppers, how about a Rolex Cellini Limited Edition Watch?

I know where you can get one for $1,720. Act now! Act fast! That price may already be  history as the bidding continues until 7:24 p.m. tonight (Thursday).

So far, 115 people have bid on the watch on propertyroom.com, a Website that hawks stuff police have confiscated from around the country. Who knows, this watch may very well have been worn by a drug dealer when he shot someone or was arrested.

This is just one of thousands of items auctioned off by the company, which as contracted with hundreds of law enforcement agencies to supplant the traditional auctions of seized goods. There are diamond rings for $2,500, digital cameras in the low hundreds, bicycles, cars, ties, an "electric square wave tig 175 welder" and a Whirlpool refrigerator. You can search for cars, jewelry and even fine art.

It's eBay for cops.

The site, however, leaves out some pertinent information. The details on the Rolex watch, for example, don't give me enough information to get an accurate retail price. I search around and found similar watches selling from as low as a $3,000 and has high as $10,000. The description on the Website contains several photos and says the watch has a "genuine crocodile bracelet" a silver dial and an 18K yellow gold case. Oh, and the price includes a professional cleaning by a Rolex dealer, and it "is in working condition."

The site does sometimes give a retail value, though without an expert it would be difficult to know if the price is real. For example, there is a Zu Ming original painting on rice paper for sale -- the current bid is $600 and the Website lists the retail price at $7,000. The site gives a biography of the painter, mentions it's signed and warns: "DON'T WAIT! BID TO OWN THIS BREATHTAKING ORIGINAL PAINTING BY THE GIFTED ZU MIN HO! Words fall short and pictures cannot do justice to the exquisite technique."

I did find several Zu Ming paintings selling for as much as $33,000, so $600 might indeed be the bargain of a lifetime. Of course, it would take an art expert to really determine how much it's worth. 

What the Website doesn't do is identify the law enforcement agency that supplied the watch. There is no way to tell where any of the items came from, nor can you search by police agency. The Maryland State Police starting using the company six months ago.

MSP spokesman Gregory M. Shipley said the company takes a cut from items sold, but the state saves money by not having to organize auctions. He said the state has taken in about $20,000 and has sold nearly everything put up for auction from two shipments. The only item that remains unsold, he said, is a chair.

Shipley provided me with a list of 48 items the state police put up for bid (another shipment is going over soon). He said his agency still considers this a pilot program and that it's subject to further review. But so far it appears to be a success, though most of the items on the list are rather boring. State police uses another auction company for seized cars, so no vehicles from Maryland will be on the Internet list.

And again, there's no way to "Buy Maryland" if you use the site (though police do have a way to track their goods). "I don't know if they provide gift cards," Shipley said, "but if you get a gift for Christmas and you don't know where it came from, it might have come from propertyroom.com."

Among the items on the Maryland list: foreign coins, baseball cards, a blue bike, a folding ladder, a chainsaw, a leaf blower, two snow boards and several computers.

A partial list of police agencies using propertyroom.com and a list of items Maryland State Police recently sold: