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Messages - Locust Guy

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Stories about Storage Auctions / Re: Went to my first auction today and....
« on: December 08, 2011, 05:55:49 PM »
Quote from: craiglstauction on December 08, 2011, 05:45:01 PM
You can post things like this in the Looky Loo thread we have each month.  Of course it will be called something else starting in Jan.  It's a good place to post crowds, prices, etc.

Now that you attended your first auction -- what did you learn?

Oops, sorry for posting in the wrong area.

What did I learn?  Yogi Berra said "You can observe a lot just by waching."  I learned that different people are looking for different things.  I could tell the veterans from the newcomers.  The veterans really didn't bid a lot.  In fact, I overheard one say that the unit that went for $425 would've gone for about $80 before the storage shows.  Now, I don't know if I'm overthinking things, but the fact that the vets didn't bid a lot on units said a lot to me.

Forgot to mention, there were like 30-35 people there.

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Stories about Storage Auctions / Went to my first auction today and....
« on: December 08, 2011, 05:23:44 PM »
did not purchase a locker.  There were 3 units, down from 7 or 8 advertised.  The manager said one owner came in that morning and paid $1000.  Anyway, I promised myself not to bid, I was just there to watch and try to guess the prices.  There were two 5x5 lockers and 1 5x10 locker.

In my newbie opinion, the first one was the best.  I guessed $600-700, but I was way off as it went for $425.  It had a mystery briefcase, 3 or 4 totes (one labeled silverware), a tool box, some boxes, and some other stuff.

Everything went by so fast, I'm trying to remember the prices for the other two units.  I *think* one was $250 and the last one was $175.  The last one had one of those Sentry big file safes in there and a dirty basketball.

There are five more auctions scheduled tomorrow near me.  Actually, there's six, but the first auction tomorrow has one unit and the auctioneer seems to think it will be cancelled due to the owner paying.  Also, the first auction is the furthest from me, so I'll probably join up at the second one which is like 10 minutes from where I live.

All in all, it was a learning experience.  There was a 10% buyers premium also.  The auctioneer gave out a list of scheduled auctions for the rest of this month and January.  I pretty much kept to myself with my hands in my pocket.

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New to Storage Auctions? / Re: storage auction pay listings
« on: December 06, 2011, 11:29:46 PM »
I'm a super-newbie and all I can say is research, research, research.  And after you've researched, do some more research.

You can't expect people who have been doing this for years to tell a new guy where to go.  I know I wouldn't expect it.  In fact, I like doing my own research.

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New to Storage Auctions? / Re: How far in advance do you check to see if an auction was cancelled?
« on: December 06, 2011, 04:58:57 PM »
Thanks for the tips!

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New to Storage Auctions? / How far in advance do you check to see if an auction was cancelled?
« on: December 05, 2011, 10:34:02 PM »
I've seen a few listings in the legal notices for some auctions this week.  I've read that people can pay off the unit right up until five minutes before an auction.  Most storage facility offices open up around 9:30 am in my area.  Should I call right when they open or wait until about 60-90 minutes before the auction time?

Just wondering what other folks do.

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Welcome to the Online Storage Auctions Forum / New guy from Long Island, NY
« on: December 05, 2011, 12:31:13 AM »
Hello all,

Not sure if there's anybody here from my neck of the woods.  I've never been to an auction.  Still in the researching phase.  Nice to meet all of you.

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