At the auction I was at yesterday the Storage Owner told us that they reserve the right to bid on the units, however he also said that wasn't going to happen.
I have heard this several times and have never quite understood the logic behind it. IF the site mgr actually bid on a locker it would result in a couple of possible endings:
1) If the bidding continued and the other bidders stopped, the site mgr would now own the goods for whatever he paid
for them. Logically, and legally I would guess, he would pay the site the money owed from his bid, the auctioneer
would get his 20 to 25 percent also, and the site mgr would then need to empty the locker (or rent it to himself).
2) IF the site mgr knew his crowd (difficult to do with many new people there or some regulars coming from out of town), and he was in fact just hoping to run the price up, he would run the risk of having it dumped on him.
In this 2nd scenario it would perhaps be the equivalent of running up other bidders, and then getting the locker
dumped on yourself. Unless it was a double-deluxe lkr, I can't imagine the site mgr wanting it that badly.
But, I have heard them say this..."we reserve the right to bid", but have not seen it happen. One mgr said the bids that were being received weren't high enough and closed the door down on the unit. What's the point in that. Leave the stuff for the next auction or keep it all for yourself?