Show Posts
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
Its not arrogance if you can back it up.
I can see both sides of the debate here. I'm a newbie and I'm frustrated that the crowds are so big.However, I'm here to stay and the old heads need to get used to it. I know my financial limits and I wont be "run-up" by anyone, ever! I treat this like the business that it is.
If you are world class and have a tough auction game then newbies dont intimidate you, they just make you stronger. I hate the bellyaching. The good-old-boys-club has been exposed. Either up your game or quit your crying.
I was thinking about this today as I was going over the boxes...
1 - Do any of you report income you are making doing this as a business? If you sell on E-Bay is there any kind of report that is submitted to "big brother"?
2 - By having a resale certificate, I understand you don't have to pay taxes, but then do you charge ppl tax? I understand selling it to a resale shop you wouldn't, and if you consign, the consignment shop pays the tax, but since taxes have already been paid on the stuff the first time around, I think it is double dipping fo Uncle Sam.
I am really wanting to do this full time, so need to understand the "rules of the game"
KP
A few more pictures..........
My first acution was on the 18th and was what I expected - almost 100 people to look at 14 lockers, the first a 5x5 going for $250; after 6 units I left as it was too rich for my blood...
Today was a different storyThe last locker was a 5 x 10 saw a twin bed and a few other things and I walked away. It went for $15. I figured I would not be greedy and be happy with the locker I got!!!
I spent about 2 hours in 20ish degree temps looking through the boxes trying to see what treasures I now own... in the few things that jumped out at me, I am looking at around $150 for 4-6 items. That does not count the big storage tub full of china/ceramic/glass bells, or the bit storage tub full of salt and pepper shakers, or the big storage tub full of tableware, or the big storage tub full of new Christmas balls and orniments....they were all behind the cardboard boxes!!!!!!! These tubs are like 36x24x18 if I have to guess. Even if I only get $1.00 per bell and per S/P set, I'm looking at a good $200 plus the $150, then there are all of the clothes (taking to a resale shop) I realisticly think this may be close to $500 after all is said and done.... I'll keep everyone posted once I get a full inventory!!! I did rent the locker for the month, so my total hard cost/investment at this point is right at $85 so that is almost 5x return!!!...Next auction is 2/10...
Oh...I almost forgot, the $185 in cash.....
well, no, $1.85 and counting!!!
Todays auction was bad in several ways.
1. Bad units.
2. Few units, as people had paid up on many.
3. Crowded.
1. Public storage must have their own type of clients, i have never seen so many ****ty units from one company. It is almost like they have a magnet to crap.
2. it looked good last niht with many units unpaid, sadly almost all of them was paid up this morning. This made the compatition harder on the remaining units. And with alot NEWBIES with no brain's and to much money in their pocket, this day turned out to be a from hell.
I am not gonna compete with newbies that bids 825 dollars on a 250-300 dollar unit. And some units that normally would go for 50-100 went today for 300-400 dollars. I HOPE IT TASTE GOOD WHEN YOU SEE HOW YOU THREW YOUR MONEY AWAY!
3. When people show up and have no plans on bidding, and at the same time brings their whole family, (kids, infants in strollers,etc) and on top of that do it in a inside climate controlled storage facillity with limited space, that just makes me wonder. Another thing is when the same "no bidder" "family picnic" people stands infront of the unit and blocking the veiw for others who are there to bid and buy, then it has come to a point where something has to be done.
A storage facillity here in Memphis has taken this problem to heart, and they Charge a $25.00 fee per person. This fee will be paid back by the end of the auction, and this prevents alot of people to enter. I just wish everyone could start to do that.
Good afternoon, everyone! Just wanted to jump in and introduce myself and thank you all (y'all if you're from Bama like me) for everything you have written. I am learning a lot on here.
'
Hey I am new and looking to get into these auctions! I am in the Bay area in Cali. Anybody out here wanna give me any tips?
After months or years in a given area the courtesies between experienced buyers start to sort themselves out, but there are always variables and people change too.
Consider this story. Really happened.
Buyer A gives buyer B a ride to an auction because buyer B's car was out of commission. Ride to an auction 30 miles away.
Buyer A bids on a lkr. Buyer B bids against him and wins the auction. Buyer B says to buyer A..."You should have brought more money."
Looked at your pics and it looks to me like it is a resin type material like many 3D figurines I get of dragons, knights, Buddas, etc but should be a seller anyway. In California there is a huge hispanic market for anything religious including crosses made out of cholla cactus skeletons...if those go for southwestern decor or a farm worker bunker, your item will have no problem selling.
