That's a new one on me. Maybe they will sell it off on their own instead of having an auction. Or maybe the auction will come later with this just being a notice to the "owner" that they are out of time.

Thanks for the report. Sounds like the split between two sets of auctions was a good thing.
Waiting works...there will always be more auctions...crowd control is another matter.

So I'm new to storage auctions and I was wondering if someone could answer something for me.

I'm going to a a series of 13 locations tomorrow with between 100 and 155 units up for grabs.  This same company had over 80 units auctioned off today.  Will it be likely that there will be less competition tomorrow?

So archives....what was the result of the Jan 28 auction you went to?

Welcome 'bama !

This is a cut and paste from a response I gave in another forum, but I think it might deserve its own thread in case the new and old want to respond to this phenomenon.

C&P:

Newbies will be run up and that's a fact. Been going on for years, not just since the tv shows.
Logic is to have them spend their money, get a lesson in economics and move on. It's a business not a charity organization of like minded entrepreneurs.

Meanwhile, look at this side of bidding someone up. Sometimes the person trying to take the other person for a ride will get STUCK with the unit when the other bidder stops bidding. You have to know how to read people...know when to hold 'em and when to fold 'em.

I saw an experienced buyer do this just the other day. He winked at me when he bid $400 for a locker that I would have paid $200 for. His face quickly changed when the other guy stopped and my friend got his $400 lkr. I offered him $200 for it but he decided to tough it out. I have seen people cut their losses though and this is yet another way of making money.

By the way, experienced bidders will do this to other experienced bidders. Some bidders are hogs who want to get every locker; if this is the case some of the other old timers will make them pay for the privelege. Once again, it's a business not a tea party.

Despite Pawn Stars and others the general feeling about pawn shops is a negative one, and I will stop in once in a while to see if items they have for sale offer me any opportunities, but I have found it pretty rare to score there either for resale or for myself.

When I first started I took a piece of gold to three pawns and then to a coin/gold shop. The pawn offers were all over the place and I have been doing biz with the gold place for 7 years now.

Will the buyers in Minnesota please stand up?

Thank you.

Every seller of goods from General Motors to Flea Market Joe does "profiling" though it has a different, more educated moniker I'm sure. Buyer assessment, etc.

But I can guarantee you this as well. If I have an item I think I can get $40 for at the flea from an upscale buyer, I won't sell it for the first $25 that is offered to me from a less well-healed type no matter what the ethnic or religious persuasion.