A new online storage auction service provider (StorageStuff.bid) recently emerged on the scene. Like a few of the others, it uses a licensed auctioneer. According to a recent press release, they're licensed in Florida with plans to get licenses in several other states. Like most auctioneers, they collect a percentage from the storage operator. Looks like buyers don't pay a fee.
Now, using a licensed auctioneer isn't a requirement. After all, most people wouldn't use an auctioneer to sell their stuff on eBay. That would be an unnecessary expense. Although, I do see some value in the "service" that auctioneers offer. Assistance with organization, lock cutting, inventory, preparation of legal notices, advertising channels, their following, complying with state lien laws, etc. I believe that technology and auctioneers can co-exist in this market, even thrive together under the right circumstances.
My opinion: I think we'll see more auctioneers entering this market with local sites over the years to come.
Here is a little secret for auctioneers
- You don't have to spend tens of thousands of dollars building and maintaining an auction website. OnlineStorageAuctions.com is free to use for both buyers and sellers. We welcome auctioneers to use our platform. We realize how important you guys are to the industry and we don't try to cut you out like our competitors do. Just host your auctions with us, then collect your fee directly from the buyer or your storage client.