EXHIBIT 21.1

SUBSIDIARIES OF LIQUIDITY SERVICES, INC.

Company	Jurisdiction of Organisation
Surplus Acquisition Venture, LLC	Delaware
Government Liquidation.com, LLC*	Delaware
Liquidity Services Limited	UK
DOD Surplus LLC	Delaware
Liquidity Services, GmbH	Germany
Liquidity Services Asia Limited	China (Hong Kong)
Liquidity (Shanghai) Business Services Co., Ltd.	China (Shanghai)

*              Government Liquidation.com, LLC is a subsidiary of Surplus Acquisition Venture, LLC