Storage Auctions
The Storage Locker => The Treasure Chest => Topic started by: VinceRN on March 11, 2012, 07:17:10 PM
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It's not really a storage auction though. We also go to bankruptcy auctions. in this case it was a big electrical contractor that had gone under. This auction overall was our best one ever. The first, and fasted, good hit from it was the contents of a bunch of shelves in a conex container, bought for $75 (not the container though). We are using the shelves in our warehouse, sold about $200 in scrap metal, another couple hundred in tools, and a tractor part that went for $100 minutes after buying the lot. $75 into a little over $500 seemed great, but that wasn;t the best thing.
I also bought a cabinet full of stuff, normal aluminum cabinet you might find in an office, for $100 - mostly because I wanted the cabinet and figured I'd make a little on the contents.. It had a computer we kept, and a bunch of small items that went for about $200. It also had these three gas detector things that I didn't know anything about at the time. I little research and the right contact (and a little luck) and these NETTED us $1500 after being refurbished.
$100 into about $1700. Made up for the time I turned a $400 locker into two dump runs at $20 a piece and maybe $30 in sales.
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nice !
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Awesome.Congrats!
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Dang - nice haul you had there Vince. I've attended a few of those types of auctions before - is how I got into storage auctions. In my area those auctions are normally hit or miss. Glad you found this auction.