Storage Auctions

Dump run sells for $450

Dump run sells for $450
« on: March 21, 2011, 11:49:46 PM »
So my very first auction was a few weeks back on a Saturday. Being a Saturday alone probably tells half the story. There were 3 units up for auction in a smallish city of 15K people. About 70 people, including kids and babies, seriously who brings their baby to an auction.

The first unit is nicely packed, full of boxes that looked like they belonged to an older couple. This unit sold for $900. Seemed expensive but I could understand this one.

Next unit is nasty, has a cheap futon, a $5 bike, garbage bags, smells like something died in it. Literally can't see a single item worth more than $5. The thing sells for $450. I could not believe what I had just seen.

Last unit has basically nothing but a few cheap furniture pieces. Sold for $50.

Re: Dump run sells for $450
« Reply #1 on: March 22, 2011, 10:27:50 AM »
Thats the nature of this beast nowadays. I stopped going to Saturday auctions as of last week. Every Sat auction is more like a family outing to the circus than a business. Then the money these ninnies pay for the crappiest of lockers hoping the TV shows are right and that gold bullion is just laying in a sock drawer waiting for them...... Stick with weekday auctions, watch for the regulars, watch what they bid on and how much.....use that as a learning tool and you probably won't get burned too bad...........good hunting!!!

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