If you continue with buying, get ready for "finger lifting" !

Better yet....take some of that $300 profit and stock up on Ben Gay and Advil!  LOL

Sorry, pay the bill or I'll buy the goods and they are gone........................

That sums it up quite nicely!

Went to my last auction for the week today.  Supposed to be two units up for sale.  About three of us are there a little early and this lady showed up and asked us if we were there for the auction.  We told her yes, and she asked where the office was.  Somebody pointed her in the right direction and off she went.  Everybody else shows up, and the auction is going to start, and the owner comes outside with his manager and the lady, and they pulled that unit.  The lady asking the questions was the owner of the unit, and she made some kind of deal with the owner and saved it at the last minute!  I wish they wouldn't do that!

Anyway, that freed us up to go to the unit that everybody was there for.  This was a 12x30 warehouse style unit.  They actually let everybody walk into the unit provided nobody touched anything.  It was good......Honda Trail 70 (which they were going to get you the paperwork on), and kids toy quad (just electric), tool boxes, Generac 4000 watt generator, big bunch of fishing poles, 32' extension ladder, gun safe, ammo cans and ammo box, washer and dryer, box that said "routers", a remote controlled helicopter, lot's of remote controlled airplane parts and bodies, gun stock etc.  It looked really good (almost too good if you know what I mean!)

Well, the auction started at 200 bucks.  It went to 275 and I yelled out "500", and then it climbed steadily.  My last bid was 2100, and it kept going.  Finally, when the smoke cleared, the damn thing sold for $3100!  But, add on the auctioneer's 10% buyers premium, and almost 10% sales tax on that total, and it went for almost $4K!  I hope there was something good hidden in the boxes, because what was in there did not justify that amount!

They are starting to pay for the show now!  I still wonder if what they get paid for doing the show outweighs how much more lockers are costing them and the hassle of the bigger crowds?  It's starting to look like they are negatively affected just like the rest of us!

+1.....take a peak right along with him!  Why not, he's the one doing wrong, not you!  We've got a guy like that on some of our runs, and he get's away with everything.  I just learned to snuggle up to him like he's Gisele Bundchen when he's looking in the unit!  LOL!  I see a lot of things I might not have otherwise seen.  Why let him get all the good units?

April is looking like crap so far.  Went to auction today, one I usually do pretty good at.  Instead of the 6 lockers that were supposed to be sold (including the big draw that got me up there!), they only had three, and they were pretty crappy looking.  Not too crappy though I guess.  First unit, a couple of new guys got into a nice little bidding war and cranked it up to $750.  I think the winner of that deal was the guy that dropped out at $725!

Next unit, two guys I know bid, first guy $1, second guy upped the ante to $5. It his $30 in about a second, and then slowly moved it's way up to $130!  This thing was almost totally empty and had some particle board that somebody was going to be throwing away.  Not sure what that was about.

Last unit was a 5x10 inside unit, and it was packed with junk (although there was a Wal-Mart guitar in the corner) and as I was walking out the door, the last number I heard was $500 and it was still climbing!  None of the regulars got one today, today was all about the noobies! 

That is very similar to how I do a lot of my stuff out of my warehouse, with the exception of having a lot of garage sales (although after this last one, I may try to do one a month through the summer).  I do meet up with most of my CL buyers there, and a lot of them end up buying more stuff when they see all the inventory I have. 

I think it's a good way for you to get started to see how you like it and see if you can make some money at it, but it would be hard for me to do it in that size of space.  Mine is 30' x 60', and it's too small most of the time!  I like to buy the 20' and 30' deep storage lockers, so if you were to go out and buy a couple of 10' x 30's, it would be hard to cram all that into a 10' x 20'! 

How tall are the ceilings in the unit you are talking about?  You could always throw some pallet racking in there and go up.  They charge you by the square foot, not the cubic foot, so if you can go up, it's no extra charge!  I have racks running down the side of my shop, but they are only 6' tall gorilla type racks. I currently am selling off a bunch of them and am going to get some 12'-14' pallet racks and a small walk behind forklift so I can get the stuff up and off the floor.  I figure any furniture I get, I'll put it on a pallet, take a picture of it for CL, and then throw it up on top.  Then if somebody comes in to buy it, I'll get it down.  In the meantime, it's out of my way!  I also plan on taking some pallets and building some 1'-2' sides on them.   Then, I'll stack totes or other stuff inside them, mark the front bottom edge of the pallet with what is in there, and put them up on the racks.  I've been planning this for a while, based on my reality and how I operate.  I do this on a fairly large scale, so this would not work for everyone.

I actually have a 30' x 60' shop (has an office and bathroom and overhead storage) in a commercial building along a fairly well traveled road.  I mainly use it for storage, and this is the first time I have ever actually held a sale there.  I have meant to have a sale before, but usually I have so much stuff crammed in there, I don't want to take the time to set it all up. 

This worked out well because I had just dropped off two trailer loads of tools at the auction house a couple of weeks ago, and sold some other stuff, so I had it cleaned out enough to actually get it organized again for the first time in a long time. 

I know it seems kind of counter productive to invite other auction buyers to come sell at my sale, but we have a mostly different mix of stuff and it was awesome to have the help, as well as blowing people away with the selection of stuff to buy!