Storage Auctions
The Storage Locker => General Storage Auction Talk => Topic started by: Todd Hamilton on December 30, 2011, 10:32:58 PM
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Went to my 4th auction today,
Right on Friday, 5 pm, no one shows. :o
I thought, yeah. Im gonna get this locker cheap cheap cheap.
Storage manager walks up and says, thats it - you and me.
he opens it and I look from the door line. hmm I started the bid, $25. he looked at me and said, im going to bid too, he says $45, I say $60. (fixing to walk away from it)
I was like. (thinking in my head) :o can they bid on their own lockers?
got me reeling in and said again outloud , 60.00 and looked at him and said. thats it. im walking away, he turned to me and said, sold for 60 dollars.
what the heck is what i said.
Is it legal for him to bid against me? Then again, this auction was my first with lots of no show but me ;D
anyways, got the locker but have not scoured through it yet. Stay tuned for tomorrow.
I ll give you a hint. a Krause multimatic ladder $125 is what i can sell it for
a $300 dollar pancake air compressor. :o ;D
whole bunch of tin cans with filler welding tig rods (6 or 7 of them - full of new ones) I can sell those for $25.00 5 lbs parcel.
maybe get $100 dollars out of it.
Dish/Direct tv boxes, satellites and couplers - ? (real old)
huge, i mean huge extension cord. the thickness of the cord was as big as my garden hose. :o
I might can get $25-50 out of that.
but as far as small stuff, i have to go through it and see if i ll find something.
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Sometimes the legal notices say something to the effect that the management can pull a locker from the auction AND that they reserve the right to bid...and it sometimes happens.
All in all I'd say you did well to get it at that price, and I suspect if you had balked he would have been stuck with it for next time. As it is it didn't cost you much for what looks like a good return.
It's been my experience that they commonly want three people at an auction to make it fly, but two would do it and I once was there with two guys who were together (so three of us I guess).
I let them have the first one for 10 bucks...big 10 x 30 with some lumber and other stuff I didn't want. They let me have the 2nd one for $10...a 10 x 10 packed all the way around...had some good stuff and I think two dump runs.
The third one was the winner with a lot of good stuff showing. They were at $180 and I went $200 and they folded...haven't seen them since. I remember that one as one of the 1 in 50 that I call a real winner. I believe I did $1,500 profit on it and it was all small stuff.
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$1500.00 ohhh nice.. that is what i paid last time, I paid 40.00 and got 1300.00.
I love making that kinda money.
;D
In the paper, it keeps saying baby clothes and baby chairs. After a quick assement after winning the auction, only one baby car booster seat. thats it.
::)
but I think i ll do okay on this $60 dollar locker.
Loved your story movieman! ;D
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For $60 you really can't go wrong most times if you see anything worth a few bucks to start with.
I'm surprised you was even allowed to bid and they didn't cancel the auction. Like Movieman said most places want 3 people at least. I suspect they were "bidding" against you to try and get the price of the rent covered as much as possible. It is all really going to depend on the facility. I know one here that really doesn't care what a unit sells for as long as it gets cleaned out quickly so they can re-rent. So if that had been me at that facility I could of walked away with a $1 unit. No chance in my part of that happening.
Count your blessings and play the lottery tonight. You may be on a roll.
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okay, back..
just cleaned it out. what a long day.
I have 17 (50 lb) boxes of Lincoln Tig Welding rods. (whew, that was heavy after 5 boxes and pulled a muscle in my back behind my lungs) (i think i need to go work out - :-X ) I looked it up on ebay, 80 dollars plus shipping per box.
Thats 1360.00 just for the welding rods. :o ;D
I have a Lincoln diesel Gas operated truck bed Welder / pipeliner cover - i wish i have the whole thing, its value is $16k
just have the cover and muffler. Probably sell it for 250? I cant get a value till i see one for sale.