Storage Auctions

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Topics - mrsmith

Pages: [1]
Stories about Storage Auctions / Never in my life...
« on: September 11, 2012, 12:32:42 PM »
Tell me if you've ever heard of something similiar to this.

Went to an auction a week ago.  The owner of the facility decided to save money and auction off the units himself. There were very few people in attendance, so I figured I would get a few cheap units. It turned out to be a disaster.

First, the owner started each unit at $1,000.  He then painstakingly went down in increments of a hundred. The units were filled with junk, but it gets better, as he had already went into each unit the night before and wrote all of the contents down on a piece of paper, so when we were looking in the units he read it off. Rumor was that he let people in early to cherry pick the good items on a piece by piece basis. He wrote every bid on a piece of paper, which made the bidding process EXTREMELY slow.  And, of course, there was that one guy there bidding ridiculous amounts on garbage.

It gets better.

I did win one unit. The owner let everyone know beforehand that they discovered a gun in the unit and it was being held by the local police department to get checked out. I have purchased units before with guns, waited for them to get checked out, and done very well with that. I had no problem bidding up to $300 for a pistol and calling the rest of the unit a consolation prize. 

The guy blowing through his cash had spent $600 on a unit filled with tupperware, so I don't think he wanted to chance several hundred on a unit that no one knew if the gun could be taken or not. Needless to say I won the unit for $300.  This didn't go over very well with the storage facility owner, and it was a precursor to what happened two units later.

The last unit, well what ended up being the last unit, was a huge unit filled to the gills with stuff. The owner at this point had stopped reading from his list, as he figured out he was giving out too much info. (I was going to make a play for an earlier unit with a toolbox but he read that there were no tools in the box, duh!)  There was a baby grand piano, a ton of antique furniture, and probably enough merchandise to fill a few trailers. 

He started the bid at $4,000.

He then went to 2k, of course during this all he was ridiculing everyone in attendance, as he had done the entire auction. Saying things like, "Come on you know this stuff is worth more, sheesh" "You guys are even close to what this stuff is worth"  Well someone gave him an offer to open it at $1,000 (which I considered to be too much) and the owner says, "hold on I have to make a call" he then proceeds to pull out his cell phone, call someone, and then hang up.  He looks at the crowd and says,

"Yah we aren't going to sell this one today, you aren't even close to where this needs to be." 

People were a bit upset. There was no discussion of there being a reserve.  After this locker, he decided to stop the auction altogether and not sell the rest of the remaining lockers. 

Of course after the auction the guy that won like 5 lockers was cleaning out a locker next to mine. His dad says, "Yah, my son just got into this a few weeks ago. He's going to go bid. He bought this 20 foot trailer and he's just buying merchandise right now. He's going to start a store pretty soon. He's been researching this stuff for a few months now.  I ask, "Researching?" Yah, he's been watching those shows on television and digging around on the internet.  Oh....boy.....  He then proceeded to tell me what everything in my locker was worth.  He notices my shirt that has the name of my store on it and asks, "oh, you have a store, have you done this before?" I reply with, "Yes, we have two locations, and I've done this a time or two." That didnt' seem to stop him from throwing out advice on old jeans because he knew they were worth money from an episode he saw on storage wars.  Ugh.

Anyone ever deal with a storage facility owner like this one before?

The Lounge / New American Pickers meets Amazing Race Show.
« on: January 09, 2012, 08:23:45 AM »
So I am perusing the Internet a month or two ago and I stumble across this article in Mississippi about how the producers of American Pickers (Cineplex) are having casting calls for contestants on a new show. 

The concept is that they find 4 groups of people (two to a group) and they put them in an unfamiliar city and have them pick items.  The group that finds the most value at the end of the show wins the $10,000 prize.

I thought, why not? They were looking for people down south but I thought it might be fun to throw my hat in the ring.

To make a long story short, we are in the final process of the interview stage!  After a couple phone calls from cineplex in New York, we are hoping to get the last interview via Skype with the producers in the next couple weeks.
Overall the whole process has been exciting.  I never really thought we would get this far along, it has been exciting to just think that we "could" have a chance.  Until then I'll be keeping my fingers crossed! ;)

The Lounge / Old Nautical Items
« on: November 29, 2011, 08:15:22 AM »
I began buying old ship items when I found a couple during a pick and took a liking to them. Now I keep my eye out for anything that looks old, worn, copper or brass, and interesting.

If you run across anything like this, shoot me a message and we'll see if I can afford it!

Also, I've been looking for an old wooden airplane propeller for a long time.  I have found a couple, but they both were damaged.  I would be interested in one of these to.

These would all be for my personal collection and not for resale.

The Treasure Chest / What's the Value? Challenge
« on: November 28, 2011, 07:37:11 AM »
This weekend took me on an hour drive out to a house that was going up for auction.  The lady wanted to sell a garage full of furniture and initially talked to a guy I know that lives a couple hours away.(Networking scored me this find)

My challenge to you is this.  Watch the video here  What would you pay for such a haul?  What would you sell it for?  I'll give the person closest to my actually numbers a bumper sticker.  The stickers are up on my blog, I can't figure out how to link them here.

Game on!

The Treasure Chest / Hoarder House Treasure
« on: November 26, 2011, 07:18:44 PM »
This last weekend I bought a crapload of jewelry from a hoarder's house. I have been in a few houses, but never one like this. Needless to say I bought some "costume" jewelry. Took it home, did a video on it. Later I went through it a little better. After a trip to the jeweler I found around $500 worth of gold, diamonds, sapphires and opals.

Great weekend overall!

I have a bunch of pictures, video, and a better story on my blog if you are interested in seeing those.

The "Other" Job / Teacher
« on: November 22, 2011, 11:20:27 AM »
I've been teaching for nine years and I love doing it. 

I get to spend my summers scouring flea markets and garage sales!  Not to mention I find things for my classroom all the time.

The only problem is the kids know they only have to ask me what I have found over the weekend to get me going off on a tangent.

Pages: [1]