Went to the PODS auction in Powder Springs on Saturday. About 40 people there which was about 1/2 as many as the last time I was there.
6 PODS, one of which the facility owner had taken from the ownee in exchange for the contents (it was a laser etcher and he wanted $1000 minimum bid--he got no bid).

Of the other 5, only one had any potential. It ws packed and a flat screen, some tool boxes and some nice brief cases where showing from the door. A couple big pieces of furniture where also in the fron and you couldn't tell what was past about the first 2 feet.
A regular started the bid at $800 and dropped out at $1200. The bidding went to $2000 between a kid who looked like he might have been 20 (dressed in shorts and flip flops) and a woman (early 20s and also dressed in shorts and flip flops). THe kid eventually won. The way he was bidding made me suspicious that he knew what was in there (there was nothing showing to justify a 2K bid).
The woman was obviously a TV show fan. I saw here in the office before the auction and she was asking what it would cost to have the PODs delivered to her house. SHe said she wanted to know the cost as she had to decide how many PODs she wanted to buy that day. I thought I was going to fall out of my chair laughing.

I wish she had won the unit. I would have liked to have seen her face when they told her the price of moving the POD. I don't know what the cost would have been for sure but I believe it would have been around $4 or $500 based on what they told someone at the last auction who only wanted it moved 7 miles (she was 40 miles away at least).
Anyway, that's the report from the PODs sale.
Positive sign was that there were fewer bidders. Negative sign was that the bids were all at least double what they should have been on every unit.

I was going to go to that Legacy auction. Glad I didn't waste my time. Last time I went there was way over a hundred people and the prices were ridiculous. I was hoping things had slowed down some, but I guess they haven't.

A completed auction forms a binding contract. There is an offer, acceptance and consideration. A minor can rescind a contract until they are an adult (with certain limitations not relevant here).
Whether someone could duck out of paying has no bearing on whether a contract exists; if the storage company had a way to locate the party who ducked out, they could sue for breach of contract. (Obviously that would probably never happen as it wouldn't be cost effective but that doesn't make it any less true).

"Under the Uniform Commercial Code's provision on sale by auction, a bid is an offer and a contract is formed when accepted by the auctioneer upon the "fall of the hammer"."DAVID DALL, Plaintiff, v. CERTIFIED SALES, INC., Defendant, v. NORTHERN INS. CO., Third-Party Defendant. CASE NO. 3:08CV19(DFM). UNITED STATES DISTRICT COURT FOR THE DISTRICT OF CONNECTICUT

Anyway, I am not trying to start an argument my first day on the boards. I was just trying to help.