Bandit....

You missed a classic...Daisy Dukes outfit !  Take that camera next time...same one might show up with another good one !

Stanley....

OK my man....today IS the day to make your first purchase...don't be SHY....BUY, BUY, BUY !  

In my area it's typically camo, denim, & t-shirts; but recently I have noticed more penny loafers, khakis, Polos, & jewelry. I'm wondering if people with money think storage auctions might be a fun hobby or business venture. Could be a game changer if well-to-do people start jumping into the business.

Interesting observation copiavita....perhaps the "beautiful life"  really will start infecting the auctions. In my area the well dressed buyer does make an appearance now and again, and even if they are not THAT evident, they are there to one degree or another.

I also note the ones who just by their dress or demeanor are at the far OTHER end of the spectrum and are NOT a threat. It's the great MIDDLE that can be the problem.

Once again P.P.P.P.P.P. never buy something just for the value, if you don't have a plan of attack you'll end up losing period.

Rafe had good points including the 5P principle. An internet search will pop up this:

"Your marketing plan should address the 5 P's of Marketing: People, Price, Product, Promotion, and Place"+

But 30 or more years ago 5P meant: Proper Planning Prevents P...poor Perfomance.

Either way you look at it the 5P approach has a lot to recommend it.

That was a good buy !

Looks like the sealed bid outfit is currently only in Utah and Las Vegas though, leaving out 96% of the country based on 2 states out of 50.

I was going to ask what proper attire is at an auction.  I would assume that it is anything that you don't mind getting dirty while cleaning out your lockers...

Wear whatever you want, just beware of bidders carrying picture taking devices !

I am unsure how to time it out as I don't know how long the average auction takes!  So I'm planning on one starting at 10am and then every hour after (11, 12, 1, and 2).  Does this timing sound about right?  Or is that too many/too close together?

If it is the same auctioneer for all the auctions, you probably would go to the first one and just follow along. The 2nd one won't start until the auctioneer gets there if is his auction.

On the other hand if there are two or more auctioneers, then you have to just make a plan and stick to it. You can't be in two or three spots at the same time unless you have a partner or wife you trust to bid for you in your absence.

The important thing is to jump in (to going to them) and then make good observations and maybe good buying/not buying decisions.

***

Almost eight yrs ago I bought a lkr full of old steel and such for $30. I remember commenting to a regular buyer that I didn't see how he and others could gamble hundreds (at that time) but of course now I see myself and others sometimes "gambling" thousands.  Do a search for $18,500 in the search button above and you'll see a post I made about a household of goods that sold for that amount last Friday the 22nd of July, 2011.

Great... Sacramento is where I am... Hoping to go on a circuit for my first lookey loo on the 26th.  As it's the week after the shows start, I am expecting it to be jam packed!

Be sure to let us know your experiences with today's (July 26, 2011) auctions; crowd, prices, if you got one !