Storage Auctions

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - Restrain

Pages: [1]
1
And then you have the auction unit owner that goes into a unit and divides the stuff among several units to generate more activity and higher overall return.  We went to one where the unit was clearly divided into six separate units.

2
We do some auction unit buying and have a small store, so we have a pretty good feel for what items are worth, donation values, etc.  Then you have the people like Storage Wars, Auction Hunters, etc who represent junk as valuable through seeded items and pre-auction selected "experts".  Example:  Allen and Ton bought a storage unit that had a drum set with a Zylgen Cymbal.  Oh, the "its so valuable" claim.  Took it to some "experts" to sell.  They paid $1500 for the cymbal and drum set.  You could buy the same trap set for $250, including the same cymbal every day on Ebay or CraigsList.

Same with the firearms, antiques, etc.  Every value that I have taken the time to research is inflated significantly on these shows. 

We had Storage Wars Texas come through here recently.  There were some locals for color, but it was clearly set up to sell the units for far more than market to the actors/buyers, with the usual "this item is worth XXX" and "Bob" won with a profit of XXX.  Sure he did.  The only way he made that profit was "blue sky" based on the "guesstimates". 

3
General Storage Auction Talk / Re: Politics and Storage Auctions
« on: September 20, 2012, 11:27:14 AM »
There were storage auctions before the current economy and they will continue afterwards.  Only thing that changes is the potential purchasers.  As income increases, the probability of purchase of new goods increases, with a decrease of the purchase of used goods, changing what the unit value is.

Pages: [1]