I find it interesting how people on here and at the actual auctions think they own the profession.  Just in this thread alone people bid up others and admit to bidding each other up in fun.  So that means that in most auctions you are paying more than a true auction because someone is having fun at your expense.  In the long run people bidding up others will get their butt handed to them.  If the guy in this thread had stopped at 1350 or whatever the bid was before you would have eaten 1000 bucks.  See if your "buddy" stepped in to "offer" half then.
In my experience over the years the auction is really for a lottery ticket that you have 2 of 6 certain numbers.  After that you are gambling the rest is like what you see.  You may get the other 4 but in reality you will probably only get 1-2 more.
And when all is said and done treat people like you want to be treated. 

You are missing two very importent factors.
1. It is a competition, live with the unwritten rules and how the game plays. Up bidding has always been there, in all types of auctions. Thats why you bid, to get the higher bid so you win it. But you also have a limit, and you stop at that limit. If someone else then wishes to overbid you and maybe pay more then the market value is, so what? it is the game.
2. We have all been newbies at some point. We all have been up bid by someone that are a "vet" It is a part of the learning curve. So in it self it is good for the newbies to learn how to play the game, and in the end it will be better for all of us.

Your comment stands out like you are a grumpy person, and you want everything to be fair and peachy, well you should know better after all these years that storage auctions are evrything but that.

You have no clue about me.  And I find that refreshing.  
If I were you, I wouldnt worry about me.  You have better things to do.....atleat I would hope.

Hey auctionNinja, how many units have you bid on?'
How many units have you won?
How many units have you trippled your investment on? or maybe even more then trippled?
How many units have you cleaned out dead rats and garbage from?
How many units have you cleaned out in below 0 degress or in rain or in 100 + degrees?

If your answers is a donut to just one of them, you have nothing to say about it. Because you have not even gotten your feet wet.

Talk is cheap, doing it in a forum is even cheaper.
Come back when you have 10+ units and done it non stop for at least 6 months. But until then, just hush it! your opinion do not count unless you can prove your self.

Great score!

And how much did this unit go for, if i can ask that?

More auctions for February has been made public.
Even 20 PODS containers are coming up for auction this month.

Does anyone in here have any thoughts on PODS??? they run on the same day as 2 other auctions.

I am thinking about starting a booth here in memphis at our local flea market.
It is a permanent indoor market, and the fees are 33 dollar per weekend. (Friday to Sunday)

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.

Here in Memphis we have the same problem. Alot of passive onlookers. all they do is taking up space and making it take longer.

The real problem as i see it, is that they don't know the unwritten rules of the game, and they cause so much anger among the people who do this for a living or a side business.

So what have happen here in Memphis is that some of the old timers has started to give the newbies a taste of their own medicine.
Last auction this newbie know it all guy was bidding and thinking he was all pro. Well some of the regular guys bid him up on a unit and it stopped at $1425, for a unit that normally would have gone for 250-300

10 min later they guy was gonna pay for it, but did not have the full 1425, so the auctioneer guy said to the people that was in the room, " anyone wants to make a second bidding. Two og the regulars was then bidding again and it sold for 330.