Storage Auctions
Online Storage Auctions => Online Storage Auctions => Topic started by: Travis on May 08, 2013, 11:46:53 PM
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This is a incredible development in online storage auctions. Up until now, none of the major players have been on board. Now, Strategic Capital Holdings/SmartStop Self Storage has made the switch to online only storage auctions. This is a huge boost to the credibility of online storage auctions. This is a really smart move on the part of Strategic Capital Holdings, however, a company this size could save millions of dollars every year by switching to OnlineStorageAuctions.com, which is completely free and offers the same if not better service.
http://finance.yahoo.com/news/strategic-capital-holdings-partners-storagebattles-185144948.html
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True story: A friend of mine attempted to place a "max bid" on a Storage Battles locker in the final minutes, only to be not allowed to do so. Someone placed a "snipe" bid in the last seconds and won it (for way less than he was willing to bid).
Memo to Storage Battles: REAL online auctions work one of two ways:
(1) Buyers can place a proxy or max bid, and when the auction ends, the winning bid price is the bid placed by the second top bidder, plus the bidding increment (like ebay).
(2) If a bid is placed in the last three minutes, the auction extends for another two or three minutes, until all the bids are exhausted (like an auction house).
Storage Battles, in this case. lost money for both the facility and themselves. Not to mention the fact they have to deal with at least one disgruntled prospective buyer............
THEIR DAYS ARE NUMBERED!!
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That's funny that you mention that. A few months ago, I was watching an auction on their site on two different computers. When I looked at the end times, they were nearly 20 seconds apart. This could definitely cause problems for snipers and that's not a good thing since most serious buyers enter their bids in the last few seconds.
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Has anyone else had problems while using Storage Battles?