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Messages - Cobia

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436
Stories about Storage Auctions / Re: McDonalds Toys
« on: January 09, 2013, 12:11:17 PM »
McDonald's Happy Meal toys from the 80's to early 90's will sell on Ebay. Don't expect a windfall unless you have a complete set of something that is very collectible. Sold some California Raisins recently and they seem to be pretty hot right now.

Don't know if the California Raisins were McDonald's toys but they were mixed in with a collection of McDonald's toys.

437
Stories about Storage Auctions / Re: The Real Thing ?
« on: January 09, 2013, 12:07:30 PM »
Yes! they do well in my region.

438
Stories about Storage Auctions / Re: Art (?)
« on: January 09, 2013, 12:06:07 PM »
In a word, NONE!!

439
Stories about Storage Auctions / Re: Health Care Items
« on: January 09, 2013, 12:05:09 PM »
Somewhat, but not as much as one would think. Apparently Medicare & Medicade do a fairly good job of providing those items for patients that need them, so getting top dollar in the re-sale market isn't gonna happen.

walkers $2-$50 range
wheelchairs $25-$150 range
haven't got an hospital bed, but have heard others have gotten them, one said sold in the $125 range, the other claimed $500.
Haven't gotten a mobility chair, every unit I have seen with one in it went way too high. I have seen guys at the flea market selling $750 mobility chairs like new for around $200.

440
Stories about Storage Auctions / Re: Landfill Prices
« on: January 09, 2013, 11:55:34 AM »
$25 flat rate first ton, then $20 per ton after that.

They accept anything you can hide with typical household garbage, construction debris, old furniture, etc.  :D

441
Stories about Storage Auctions / Re: Exercise Equipment
« on: January 09, 2013, 11:52:56 AM »
Exercise equipment is only good for scrap metal around here. Guess that's why our obesity rate is like 40%.

442
Don't know about the value, but the theme is very interesting. Obviously it is a similar interpretation of "The Last Supper" made famous by Leonardo Di Vinci. The original painting has come under some controversy in resent years do to Dan Brown and the theory that the person seated to the right of Jesus is Mary Magdelene and not John. According to Gnostic Christian beliefs Jesus and Mary were a married couple.

Your version of "The Last Supper" appears to me to take a more provocative move towards the Jesus & Mary theory. Notice the person associated with being John in the original Last Supper is actually laying thier head on Jesus' shoulder in this version. The person also seems to have a more distict feminine hairstyle. Jesus has his arm on his/her shoulder showing a very intimate relationship with this one person compared to the rest of the disciples.

Interesting in this interpretation that Judas is clearly not part of the emotional action, and is holding his 30 pieces of silver in a bag in plan view.

With all that said, It still has the feel of a cheap tourist piece. Granted, it my have cost some American tourist $150-$250, but it just doesn't look like something that valuable on the re-sale market. I am not an art dealer or expert by any means, so my opinion is just an uneducated one.
 

443

you definately are right about people not reading when buying. i know what your talking about ive seen people selling pictures of iphones, xboxes, etc pretty much any new hot product that is out. ebay does give people their money back as they generally rule that the purpose of the listing was to be deceptive or something along those lines.

i think the main thing is shipping would make it not profitable for anyone buying for the most part and ebay doesnt have a big enough market for local pickup type stuff to make it worth doing. that said i could see ebay classifieds being used to advertise auctions

Yea, had a winning bidder after he won realize that the lot he was bidding on was EMPTY DVD cases, even though it said EMPTY in the title, EMPTY in the description! I just canceled the transaction with Ebay, and re-listed.

444
If you wanted to write a cookbook specializing in Chinese food, does that mean no where in the title could you use the words "cook chinese food" just because their are already 10,000+ Chinese cookbooks out there?

I think your arguement would be rational if the title of your book was "How to make money using Quantum Physics and Brazilian Jiu Jitsu in Storage Auctions" and then Glendon or someone else wrote a book titled "How Brazilian Jiu Jitsu and Quantum Physics made me millions in storage auctions!"

Your book title is very simple, common, and easily reproduced without anyone needing to "steal" it from you.

445
 Boy thats a tuff one! Personal descriptions written on boxes can be troublesome. When the box says "clothes" or "yard sale", I believe what it says. When the box says "Grannies collectibles", well that could mean anything. Are we talking fine antiques or Dollar Tree figurines? I usually try to compare what loose items are laying around the unit and perhaps sticking out of the box to make an educated guess as to what is in those boxes.

Now original merchandise boxes are a different story. When I see LG flatscreen LCD TV, or Playstation 3, or Dyson vacuum, etc. I never assume that the original product is still in those boxes. I assume they are filled with garbage, dirty clothes, or are just empty, unless they are close enough to the door to get a better look.

Only one time I took a chance on an original merchandise box. It was at a piece auction. They were pulling out boxes of personal items out of moving crates and making lots of 10 boxes or so. That day, the lots were being bid as high as the whole moving crate would have went for at a normal auction. One lot got put together and one of the boxes I recognized as labeled with the name of a medical device manufacturer. We were allowed to walk around the boxes/lots but not look inside the boxes. The box I was interested in looked factory sealed so I took a chance and won that lot. The box paid off, it was a piece of medical equipment that paid for the lot and then some, but if it hadn't been there I would have lost money on everything else left in the lot of boxes.

446
Stories about Storage Auctions / Re: Dusty lockers with grandma's goodies
« on: January 07, 2013, 08:38:03 AM »
Bought one last year (2012) that had been in storage for 16 years. Won it for $325, sold everything for around $1500. Monthly rent $75. Don't know what the rental rate was 16 years ago, but lets assume an average of $50 a month for 16 years (minus the 6 months they stopped paying causing it to go to auction) equals 186 months times $50 equals $9300 spent storing property over 16 years that only had a retail value of $1500!!

447
I'm newbie, so 2011 was my getting into the business year, or back in after a 15 year hiatus from helping my friend with his storage auction buying business. Anyway a bought more units in 2011 then 2012, primarily because I needed experience and information so I bought every type of unit available. 2012 I was more discerning about the types of units I bid on and won, and I also discovered the art of picking.

Prices came way down in December, so I bought a bunch of units of the kind I typically don't buy. So far they have turned out good, and as long as I can actually sell all the inventory for what it's worth I will make money on those units, but they are killing me with time and effort! For 2013, even if the prices for units come down/stay down I will probably stick to the method I developed in 2012 of buying only certain types of storage units and picking. That method seems to work best for me as far as maximizing profit margin and managing inventory and time.

I don't see myself as being the buy hundreds of storage units a year guy even if they become cheap enough to buy that many.  :)

448
General Storage Auction Talk / Re: Furnishing your home for free
« on: January 07, 2013, 08:09:55 AM »

Back to Econ......why would you claim inventory you keep on your income tax?   It was paid for.  (Remember, nothing is free.....)

It goes on my State tax filings, presumably all inventory is purchased with the intent to re-sell, so any inventory kept for personal use, the sales tax must be submitted on it. Theoratically, I am suppose to provide the fair market value of the inventory and pay the tax based on that value, because as the original post stated, it's possible to make all your money back on a lot of inventory and then what you keep would be "free". According to the State, there is no such thing as "free" inventory kept for personal use. Just sayin'  ;)

449
General Storage Auction Talk / Re: Furnishing your home for free
« on: January 04, 2013, 09:21:53 AM »
So let's say I buy an item at the grocery store that is the regular price but it is marked buy one get one free. So are you saying that if I decide to keep the extra item instead of selling it, it means that it wasn't free?  :o

No it wasn't free, you bought the first item at 50% of advertised price, then you bought the second item at 50% of advertised price. You didn't get it free, you got it for a 50% discount.

450
General Storage Auction Talk / Re: Furnishing your home for free
« on: January 04, 2013, 09:06:10 AM »
Just remember to claim any inventory kept for personal use on your income taxes so you can pay your fair share to Uncle Sam.  ;)

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