1
Stories about Storage Auctions / Arcade Galore
« on: October 10, 2011, 04:44:04 AM »
Had to share this story:
Other day I had already spent my wad, but had a few hundred still on me so decided to hit one more facility on way home. They had 2 units owned by same person. When the opened the first of the two it was filled to the brim with spare parts for arcade and slot machines made by 8-liner. Went for $300ish.
Second one opened up and was stacked tightly with all the perfect looking arcade and slot machines by 8-liner. This was the lick I've been looking for! But I only had $325 on me!!!
There were at least 30-40 units inside of this 10x25. The auctioneer started at $50 and I jumped it to $250 hoping I could scare away everyone that would want it. It almost worked. Finally went to the $325 I had with me and with my fingers crossed the auctioneer was calling out "going once, going twice, going...", then the guy who bought all the broken ones went up $100. D*mn!
The unit went for $475. A serious steal. Those machines are completing around $450 on Ebay and retail for $1400 new. With 30-40 in the unit, if they worked, he stood to gain at least $10,000... at least.
Lesson learned: bring a lot of cash!
Other day I had already spent my wad, but had a few hundred still on me so decided to hit one more facility on way home. They had 2 units owned by same person. When the opened the first of the two it was filled to the brim with spare parts for arcade and slot machines made by 8-liner. Went for $300ish.
Second one opened up and was stacked tightly with all the perfect looking arcade and slot machines by 8-liner. This was the lick I've been looking for! But I only had $325 on me!!!
There were at least 30-40 units inside of this 10x25. The auctioneer started at $50 and I jumped it to $250 hoping I could scare away everyone that would want it. It almost worked. Finally went to the $325 I had with me and with my fingers crossed the auctioneer was calling out "going once, going twice, going...", then the guy who bought all the broken ones went up $100. D*mn!
The unit went for $475. A serious steal. Those machines are completing around $450 on Ebay and retail for $1400 new. With 30-40 in the unit, if they worked, he stood to gain at least $10,000... at least.
Lesson learned: bring a lot of cash!