This last show had the feel of reality:

The partners agree on a top price.
One partner blows waaaay through the cap.
They lose their butts on the purchase.
The partnership implodes and one of them takes his balls and goes home, leaving the other holding the bag.

That sounds about right.

Yeah, that's scandalous. The problem is that there is no law enforcement agency enforcing this kind of behavior. What can you really do? In my situation, I wanted to protest to the auctioneer but, bottom line, she services 7 of his facilities. She is not going to bite the hand that feeds her.

The real problem is that while what they are doing is unethical, it is probably not illegal.  In our state, an owner is legally allowed to enter a unit that has gone into default.  The law also allows him to bid on units if he wishes.

I completely agree that it's not fair for an owner to use information that he received poking around in a unit.  THat being said, our state law specifically states that owners are able to bid.

I agree with your logic.  Given that the item has not been sellable as is, refinishing seems like a smart move.

Like most others on this forum, we strive to sell off everything from purchased lockers super fast in order to maintain liquidity to keep buying lockers (and actually be able to spend some profit  ).  However, sometimes things stick around for a while for various reasons.  Certain items sell best just before Christmas, for instance.  So you buy and hold those, getting a better return when you sell them in November and December.

On rare occasions, we end up holding onto certain items simply because we know it has value, but aren't able to find the right channel to get rid of it.  My albatross has been chorogrips.  Quite a while ago, we dragged three brand new cases of probably five hundred (or more) of these things out of a stuffed locker.  I really don't want to just throw them away because they have value, but until I find that right buyer, they've just been taking up real estate.

That's awesome.  I know that some people trash selling on ebay, but you've shown that it can be used to turn a sow's ear into a silk purse.

Congrats.

Well if you are so sure i don't have any grounds to go thru with a lawsuit, well then you should read this.

buzzle.com/articles/suing-for-slander.html

Might change your mind.

There's no new info in the posted link.  If you believe you have a case and you can find a lawyer that agrees with you, go crazy.  Otherwise, go pound sand.