Storage Auctions
The Storage Locker => General Storage Auction Talk => Topic started by: Millertime on July 12, 2011, 02:47:49 PM
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Went to a silent auction after work today and had to submit one bid for all 3 units, winner take all. Two of the three had nothing but broken furniture, third all boxes with little showing. I didn't really want it, but threw in a low bid anyway and didn't win. Any different strategy at these types of auctions?
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Only way I do it, is try to size up both the unit and the competition. Try to figure out what the highest bid could be, and add 5 - 10% to that, if the unit is worth that.