Show Posts
2791
Stories about Storage Auctions / Lookey Loos Part 10.....October, 2011
« on: October 01, 2011, 07:00:02 AM »
A new month is upon us and we continue to monitor the crowds, the lkrs and the prices !
*****
Last day of September (yesterday) I went to a single auction with 7 lkrs. Crowd was 25 or so with 6 regulars, 4 "new regulars" who have been around about 4 months, and the rest were new "newbies" never seen before...that trend seems to continue....some fall off to be replaced by new faces...oh well.
Lkr prices not TOO bad with a big tool "box" (empty?) lkr which also had 6 assembled bikes, about 15 loose wheels and that was it. I'm suspicious of what I call the "bicycle boys" who piece together bikes. Anyway, it sold for about $800 whih was $400 more than I was willing to gamble for the several tools boxes and one Sawzall...the last one I sold went for $25...down from $75 about 1.5 years ago. A nearby pawn shop visit showed these stacked 10 high and they were trying to get $65 for each.
Then a 10 x 20 lkr only about half full but neat looking with a Mantis soil tiller with what looked like a broken fuel tank, some older furn (nothing great), maybe 30 boxes and an oriental rug of some kind. Two "new regulars" took it up at $25 a bid after the $400 bid....sold for....drum roll.... $1,275. I would have given $500 or $600 to be safe on a profit margin.
Finally, another 10 x 20 even less full than the last one, but a couple of antiquey things showing, maybe 20 boxes, etc. Nothing jumping out except the bimbos in the vhs porn boxes. Interesting thing here was the OTHER two "new regulars" and their bidding. Once it got into the $600 range, one guy was just holding up his hand..."I'm going to get this lkr" written all over him.
When his competitor glanced over and saw that, HE raised his bidder card too, as if to say..."My hand is higher than yours !" (or my "d**k" is bigger than yours).....had to laugh. Then it was fun to watch as the first guy's hand went down, then the 2nd hand went down and they started slowing down a bit. Sold for $925...again, I would have paid about $400 for safety's sake.
A "fun" day, but no score for me. At least at THIS auction, it was not a good start for October, 2011.
*****
Last day of September (yesterday) I went to a single auction with 7 lkrs. Crowd was 25 or so with 6 regulars, 4 "new regulars" who have been around about 4 months, and the rest were new "newbies" never seen before...that trend seems to continue....some fall off to be replaced by new faces...oh well.
Lkr prices not TOO bad with a big tool "box" (empty?) lkr which also had 6 assembled bikes, about 15 loose wheels and that was it. I'm suspicious of what I call the "bicycle boys" who piece together bikes. Anyway, it sold for about $800 whih was $400 more than I was willing to gamble for the several tools boxes and one Sawzall...the last one I sold went for $25...down from $75 about 1.5 years ago. A nearby pawn shop visit showed these stacked 10 high and they were trying to get $65 for each.
Then a 10 x 20 lkr only about half full but neat looking with a Mantis soil tiller with what looked like a broken fuel tank, some older furn (nothing great), maybe 30 boxes and an oriental rug of some kind. Two "new regulars" took it up at $25 a bid after the $400 bid....sold for....drum roll.... $1,275. I would have given $500 or $600 to be safe on a profit margin.
Finally, another 10 x 20 even less full than the last one, but a couple of antiquey things showing, maybe 20 boxes, etc. Nothing jumping out except the bimbos in the vhs porn boxes. Interesting thing here was the OTHER two "new regulars" and their bidding. Once it got into the $600 range, one guy was just holding up his hand..."I'm going to get this lkr" written all over him.
When his competitor glanced over and saw that, HE raised his bidder card too, as if to say..."My hand is higher than yours !" (or my "d**k" is bigger than yours).....had to laugh. Then it was fun to watch as the first guy's hand went down, then the 2nd hand went down and they started slowing down a bit. Sold for $925...again, I would have paid about $400 for safety's sake.
A "fun" day, but no score for me. At least at THIS auction, it was not a good start for October, 2011.
