Storage Auctions

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Topics - Adamanteus

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Stories about Storage Auctions / Today
« on: May 14, 2011, 05:03:21 PM »
Auction today: 14 units advertised, 6 units were available at time of auction. 47 registered bidders. Roughly 100 people.

Cheapest unit went for $190. Contained "firewood" (i.e. particle board tv stand and cheap head board), a Hat box, and a computer chair with a rip in the fabric. The tv stand was even busted.

Most expensive went for $790. A 10x10 packed to the brim with crap. A solid wood tv cabinet that had been painted at least twice, looked to be able to fit a 27-32" TV. A piano that you could barely see but the edge you could see was beat to hell. Boxes full of stuffed animals. Lots of trash bags with clothes were visible. The individual that bought this unit immediately started calling people to borrow their trucks to move the stuff out.

One unit climate controlled: contained some O.K. furniture and misc. items. Went for $775. I thought $350 would have been a good buy on it.
Anywho, it was a long and boring day. The auction was run by the manager and she ran the auction in $10 increments. Starting at $25 for every unit.

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Stories about Storage Auctions / Today
« on: May 12, 2011, 07:25:09 PM »
First auction today in roughly 5 years. Showed up to register. The manager says the auction was cancelled. Supposed to be 5 units as advertised from 3 days ago. I get a few of them paying up, but all 5?? I asked him what happened......"We, uhh, are uhh, trying to get away from doing those anymore." So I ask what happens when they don't pay or come to pick up their stuff. "We, uhh, are uhh just going to let them pick it up for free or throw it in the dumpster."

Now, if this were a mom and pop storage center, I would think they would have had someone to come clean them out or sell the units privately. But this is a U-haul storage facility. I drove through the parking lot and I would guess there were about 125 units. I counted 28 "double locks" and notices.

Is this common? Thoughts on what may be going on?

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Welcome to the Online Storage Auctions Forum / Central Kentucky
« on: May 07, 2011, 06:45:31 PM »
Standard intro......From central KY, 33 years old w/3 kids. I used to buy storage lockers in South Florida several years ago. After the hurricanes wiped me out, I moved back "home" to KY. Going to be getting back into the game next weekend.

Have read most of the postings here and look forward to contributing soon.

Dyer

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