Storage Auctions
The Storage Locker => Stories about Storage Auctions => Topic started by: CollectOrForget on October 10, 2011, 04:44:04 AM
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Had to share this story:
Other day I had already spent my wad, but had a few hundred still on me so decided to hit one more facility on way home. They had 2 units owned by same person. When the opened the first of the two it was filled to the brim with spare parts for arcade and slot machines made by 8-liner. Went for $300ish.
Second one opened up and was stacked tightly with all the perfect looking arcade and slot machines by 8-liner. This was the lick I've been looking for! But I only had $325 on me!!!
There were at least 30-40 units inside of this 10x25. The auctioneer started at $50 and I jumped it to $250 hoping I could scare away everyone that would want it. It almost worked. Finally went to the $325 I had with me and with my fingers crossed the auctioneer was calling out "going once, going twice, going...", then the guy who bought all the broken ones went up $100. D*mn!
The unit went for $475. A serious steal. Those machines are completing around $450 on Ebay and retail for $1400 new. With 30-40 in the unit, if they worked, he stood to gain at least $10,000... at least.
Lesson learned: bring a lot of cash!
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Was that unit in the Dallas Metro area or outside in a rural town. That unit would have gone for at least $2000 probably $3000 or more and I am in a much smaller metro area then Dallas.
You are absolutely right, I always bring enough money to buy every unit if I wanted to.
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That sucks man!!
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Sounds like my dream unit.Good luck next time.
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Oh man - that was a nice steal for person that got the units. Even if they didn't work he had parts there to work on them. A few sold would of made his money back right away and the rest profit. I saw a "game unit" last month when was out with my daughter. It wasn't arcade games however. Was like 3 of the basketball games, some exit signs, a cash register, and other odds and ends. That one went for $250 i my area.
As for spending your cash already it happends. Any of us hobbiest have to set a limit on how much we spend, or I know I do. I do however try to keep $200-$300 backup just in case :)
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Yea, I was at that auction too. It looked ugly with all the machines at the 1st taken apart. Didn't look too hard at the 2nd..hope he did some good with them