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Messages - Benluby

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Stories about Storage Auctions / Re: Jackpot ! Jackpot in the Safe ?
« on: September 11, 2011, 10:05:14 PM »
Just an update for everyone.  As expected, Movieman was as good as his word, and I received the Beanie Babies Friday afternoon.
   Well, actually, my wife did.  She had permission to open the box, and did so.  She wants to thank Movieman for the Beanies, which are going on her hutch, which I now must find and buy for her.
   They have apparently found a home, so I have no need to find out if any were the rares. 

New to Storage Auctions? / Re: Should I buy just to buy?
« on: September 11, 2011, 07:01:11 AM »
Really depends. There's always risk involved in these lockers.  If you only bid on what is actually visible, you're going to have people outbid you on them, because they see the same things usually.  There is a touch of blind bidding that has to be done, based on what you can see.  Obviously you don't see $500.00 worth of stuff and bid $2,000.  But you are going to take risks in this. 
   It's the nature of the beast.  One thing you're doing right:  You're not buying just for the sake of it.  If your seed money is all you can spare, and you can't waste it, then don't piss it away just to buy a unit.
   Watch the auctions, see what is going on, but remember that these things are like playing baseball.  A base hit is what you're after, not the 'home run'.
   Take your time on it.  Some of the more experienced storage warriors will be in with their advice.  I'm new myself. But, while I'll take some risk with units, I am not interested in throwing all my money down a hole and hope I find Al Capone's lost money.

Stories about Storage Auctions / Re: Son bought 3 lockers this morning
« on: September 07, 2011, 10:36:39 PM »
Looks good, drbecker!!  You should give your son a bonus.  He seems to have a knack for bargains.  Good luck on the watches, too.  If it's a real Movado, it may pay to get it repaired, as they aren't Timex type.

Stories about Storage Auctions / Re: Jackpot ! Jackpot in the Safe ?
« on: September 07, 2011, 06:37:35 AM »
Don't tempt me to take you up on THAT offer, but please give me an idea of what you would charge for these at a flea or on Craigslist. They are both nice, but I just don't know if the market is there for them in my area at more than the $30 to $40 I indicated. I would guess the mahogony would have sold for $125 or so (maybe more) at somewhere like Pier One or World Imports; I'll check there for something similar.

Truthfully, I think you're about right on the prices, Movie.  (I'd get that Beatles album appraised separately.  Then, think about sitting on it until a Beatle dies).
   30-50 sounds reasonable.  And please, break my heart and take me up on my offer.  Those two old trunks just look cool.  The lighter one should bring you the same.
    The other two?  Tell me how much for shipping and handling and what you want for them.  I would seriously make an offer, as they just look cool, and wife would love them. 

Stories about Storage Auctions / Re: Jackpot ! Jackpot in the Safe ?
« on: September 07, 2011, 06:18:25 AM »
30-40 bucks for the Mahogany Chest?  Seriosly, Movieman?  Put that sucker on a scale and PM me shipping and handling.  Hell, if you're selling it and that big empty footlocker you found for that price, put BOTH on the scale and tell me shipping and handling.
   I love those things.  Both are old, and I realize that I'll be over paying, but those two items are just the 'got a chance, want them' items you stumble upon once in a blue moon.

Stores / Re: Booth space versus full store - I bit the bullet
« on: September 06, 2011, 07:22:59 PM »
Congrats Ironman!!!  Now I'm going to have to make a run to Kennesaw in a month or two to just see what you have set up.

The Lounge / Re: "CASH FOR GOLD"
« on: September 06, 2011, 10:56:33 AM »
One other thing to remember is, if someone can afford to buy a gram here and there, and then literally stick it away somewhere for a while, they can increase their profits.

Unlike stocks and such, precious metals seem to hold and increase in value fairly consistently.

The Lounge / Re: "CASH FOR GOLD"
« on: September 06, 2011, 10:29:31 AM »
Yes, those are given factors. Generating gold sellers to come to YOU over the others doing it is the real problem that needs to be solved IMHO.

For me, just finding the occasional gold in a lkr or buying a piece from some unknowing flea seller is what works....though that is quite seldom.

Realistically, it comes down to who is paying the most for the gold, and if they are pleasant to deal with.  It will remain profitable until A&E comes out with 'Gold Buyers', showing after Storage Wars, when everyone and there brother will decide to start buying and selling it.
   If the market in someone's area isn't saturated with buyers, there is potential, but it is, as you've stated, risk/reward ratios that must be calculated into the formula as well.

A lot would depend on the musician(s) involved, and I'd think the best thing to do would be to seek out a collector who seeks out such unique tracks or has contacts that do so.  Yes, if they are valuable, he will probably have to give them a higher percentage than he'd probably like, but realistically, he's going to make more in the long run that way than by simply flipping them to a buyer.
   Remember the story of Darryl Sheets comic book find.  He found them in a unit, they were worth 3.2 mil.  He sold them to a comic guy for 80k, quick cash.  The comic guy turned around and sold them to the insurance company that covered the claim in the first place for 800k.
   Patience can add up.  (And before ANYONE accuses me of being as stupid as Dave Hester, that is merely an example of grabbing a 'quick buck' rather than doing due diligence).
   He may also want to contact the artist themselves to see if they are interested in buying them.

General Storage Auction Talk / Re: got a biggie today.
« on: September 05, 2011, 01:59:31 PM »
3500-4000 is a homerun in my eyes.

Oh, I agree.  he made his money back by a factor of ten.  It doesn't get much better than that.

Hey, it'll get rid of those 'sweaty limbs' after a hard day of emptying storage lockers!!  How's it taste?

Stories about Storage Auctions / Re: Lookey Loos Part 9.....September, 2011
« on: September 05, 2011, 12:46:09 PM »
I don't mind lookey loos as much as i do newb bidders that just want to buy something regardless of the cost.  Those people are dangerous.

The newbs will either learn or go broke.  What pisses me off about the lookers is when there's a ton of them and they want to gawk at the locker's contents, when they're not even going to be risking their money, and then they seem to want to just stand around in front of the locker.
   Let the bidders get the look to see.  They're the ones buying it.
   Especially when (as the last auction I was at) there were over sixty people at the unit auctions, and less than ten of us were bidding.  It took several minutes to even get a glimpse into the locker.

General Storage Auction Talk / Re: how many of yall do this full time?
« on: September 05, 2011, 12:30:21 PM »

Every time I hear 'Vietnamese Dong' I think of an asian porno, and it usually seems to be a short feature.

Stories about Storage Auctions / Re: Lookey Loos Part 9.....September, 2011
« on: September 05, 2011, 11:54:26 AM »
No No man, I wasn't saying drive away bidders, bidders(even bad ones) will pay cash to bid, lookey loos, well I'd imagine thats a different story.

I wasn't meaning it would drive away bidders unless they had some ridiculous fee for it.  Personally, I wish they'd charge ten bucks (depending on number of units) just so the lookers would go watch a ****ing movie instead.
   I'd shuck out ten bucks, and every serious bidder out there would, but the ones that wanted to 'watch storage wars live', would go home or go to the theater.

Stories about Storage Auctions / Re: Lookey Loos Part 9.....September, 2011
« on: September 05, 2011, 11:22:09 AM »
Is this the first time you have ever heard of an owner charging for admission into an auction?  Cause I have never heard or seen this.  The doughnuts sound like a nice touch and really balance out the admission fee is you could snag 2 doughnuts and the prop manager had coffee out.  Charging money may actually drive away lookey loos if you think about it.

That's what I was thinking as well.  But what auctioneer would want to do that?  More people mean the newb's will jack up their bids because they'll want to 'intimidate' their competition.  (Which is sad to know they'll pay over market for someone's stuff, just so they can feel big...all the way to the dump.)

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