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 - PureVendue

Pages: [1]
Stories about Storage Auctions / Re: Auction Scene #6...June, 2012
« on: June 29, 2012, 12:30:35 PM »
Went to 2 auctions this past week. One had 9 units and 10-15 bidders there. Nice crowd and majority were regulars. Was able to get 2 units, almost a 3rd. The one I missed out on had some electronics/appliances boxes and the 2 in the front had their item inside the box. Also some ok furniture inside it. It was a 5x10. Went for $190. I was out at $175.

The first unit I won was an inside unit packed full with just furniture. It was a 5x10 also. Some of the furniture was bigger and I figured people wouldn't want to deal with carrying it outside to load. I got it for $40. Have already sold a bedroom set for $165 and have about another $200 in furniture pieces remaining.

The very next unit I was able to win also. It was an outside 5x10 3/4 full with a bunch of furniture, a few boxes and some appliances showing. Bidding started at 10 and went back and forth between 2 guys to $50 then I jumped it to $75 and the bidding ended there. At a yardsale this past weekend we were able to sell smaller stuff from that unit for $20 and also sold chairs from inside for $70. So, less than a week after and both units are beyond breaking even with a bunch of stuff still to sell.

The other auction I went to only had 2 units and about 10 bidders. Both units were decent and I liked them but we didnt have much space available after winning 2 units earlier in the week. Both went in the 200-300 range and each person should make a profit. Overall the scene is settling down here and that is good for everyone.

Stories about Storage Auctions / Re: Auction Scene #5...May, 2012
« on: May 17, 2012, 10:15:51 AM »
Went to an auction yesterday (South-eastern PA). 11 units up for grabs. There were about 20 people there with about 10 people serious about bidding. The units that were all mystery (boxes/bins) were the most expensive. All went around $400. The rest of the units were very reasonable prices. I got a 10x15 that was only about 1/4 full, but I noticed a box with some collectible model cars sticking out the top and figured (hoped) the person would have some collections in the unit. There were about 5-6 boxes in the back corner. There were also some yard tools and baby items (car seat, high chair, etc. ) that would sell pretty easily at a yard sale we are having this weekend. The unit cost me $95. I almost won it for $40, but another bidder hopped in and we went back and forth to $95. There was a Direct TV HD DVR (how do I find out if it is sellable or not??).

When I got the chance to dig through the unit I did indeed find a few collections. There was a bunch of Budweiser holiday steins (1989-2007) including a few anniversary and members steins. There were about 10-12 model cars all in their boxes. I also found about 10 porcelain eggs. There were even a few vintage items. A genesee 12 horse ale crate with checkerboard top was in the unit, as well as a singer sewing machine.

All in all I think it is a decent unit and should have no problem doubling (or more) our money on this one.

Stories about Storage Auctions / Re: Auction Scene #5...May, 2012
« on: May 14, 2012, 08:34:39 AM »
Recently bought a unit with a ton of sports memoriabilia in it. Rare cards, autographs, jersies were all found as a part of the collection. Is anybody on here interested or a collector of sports memoriabilia. Prices on the items are definitely reasonable. We would be looking for someone to help us in regards to what it is worth and if you can help us gain some knowledge we are willing to sell the pieces to you at a very fair price.

Any advice/recommendations/interest in this collection?

Stories about Storage Auctions / Re: Auction Scene #5...May, 2012
« on: May 10, 2012, 07:05:51 AM »
WOW nice buy Movieman! I'm excited to see more. Would love to grab a locker like that!

Stories about Storage Auctions / Re: Auction Scene #5...May, 2012
« on: May 07, 2012, 07:32:22 AM »
that is very odd Bulldog. How or why would someone even think of doing that? Anyways pretty slow week as far as auctions go here in PA. Got a decent one on Friday, but looks like another week of weekend yardsales. Next week is very busy with auctions on each day and most days having several, so should be able to grab some units then to actually post some interesting stuff. Picked up a few pieces of furniture that should move fairly easy at a yardsale this weekend. Spent $30 total for a desk, 3 matching end tables, and a matching coffee table/end table set. Should be able to get around $150 for those items.

Are the auctions this past week and this current week slow for other parts of the country also?

I think you would be much more likely to fail if you started up full time right away. That is a perfect way to get in over your head with no experience and not solid ways to sell your items. You don't know what to expect and are surprised by a lot of the situations that arise. If you do this as a side hobby or part time business then you learn all of these things without the high risk and can ease yourself into it both financially with the amount of work. It is impossible for a part timer to fail within 6 months or whatever you said because they don't overly invest in it financially, so they will not be hurt much. The way people fail is if they try to jump in full time immediately without knowing anything other than what they watched on TV.

Soooo...doing this part time is a great way to gain experience and knowledge. Kinda like riding a bike with training wheels on first.

Stories about Storage Auctions / Re: Auction Scene #4...April, 2012
« on: April 30, 2012, 09:10:30 AM »
It was $30 to be authenticated and yes they sent us COA in return. Without the authentication the item isn't worth much, but its value increases with that little slip of paper!

Stories about Storage Auctions / Re: Auction Scene #4...April, 2012
« on: April 30, 2012, 08:58:43 AM »
Thanks for the reply craiglstauction! We ended up not attending that auction, so I can't pass along the crowd, prices, or any info on units won. We had a decent day with the yardsale. The biggest positive was our ability to better organize all our inventory and even trash/goodwill some of what we have been holding onto for a little while now.

One item we found in a unit and have been holding onto for a while is an autographed Sergei Fedorov jersey. The jersey has its original tags still on it also. Part of the reason we held onto it was to get it authenticated (which returned as being authentic) but also because we haven't found a serious buyer yet.

Anybody know anything about this market? What should this sell for? Where would you look for a buyer? Anyone interested in the autographed jersey? Being from PA there aren't many people interested in a Detriot Redwings jersey.

Stories about Storage Auctions / Re: Auction Scene #4...April, 2012
« on: April 27, 2012, 07:20:18 AM »
Busy weekend ahead. Tomorrow morning we have a yardsale and there is also a 28 unit - 3 location auction tomorrow morning in a nearby town(20 minutes). It would be a shame to miss the auctions, but we attended auctions at this site before and never had any luck and weren't impressed with the quality/prices. We hope to get rid of a lot of items at the yardsale so it would be nice to reload inventory at the same time as we are getting rid of it. Maybe we find a way to do both.

What would you guys recommend?

There aren't many auctions the next 2 weeks, so it would be good to stock some inventory for that time period.

North East / Re: Things getting better?
« on: April 24, 2012, 07:04:41 AM »
I think it is definitely trending that way. Prices are becoming more reasonable here (South-Central PA) and the crowds are getting smaller. With a smaller crowd at least the auctions take less time if nothing else. We have been picking up cheaper units the past 3 or 4 months to continue to turn a profit. The units we have won haven't been the best, but they also haven't been over priced to the point where it is dangerous to win it. I think the intensity of the fad is starting to decrease and over time (especially after summer) the prices should get back close to market value.

It is good to hear that others are seeing similar things!

Stories about Storage Auctions / Re: Auction Scene #4...April, 2012
« on: April 23, 2012, 10:00:00 AM »
Went to an auction this past Thursday. About 20-25 people in attendance which is low for this area (South-Central PA). 9 Units were up for grabs. Our storage space is currently pretty full so we were looking very specifically for a small furniture unit.

First unit had a pleather sectional and a stereo surround system. We have had luck with sales and quick turnaround on sofas so far so I was interested. Unit ended up selling for $300 which was above the $250 limit I had set.

The next 4-5 units all went for less than $100 and didn't have very high quality. I snagged one of them containing 4 pieces of furniture and not too much else. A black accent table, glass display case, entertainment center and a mini bar were the items of furniture. It was perfect for what we were looking for and very cheap. We figure to be able to get $40-80 for each piece of furniture.

The remaining units all had some furniture and other odds and ends and went between $100-200 (all reasonable prices). I liked the location and the crowd a lot. There was definitely room for profit in all the units today. We plan to return to this site each month and hopefully have additional space in the future.

btw. I jumped back between using I and we in this post. We is because it is 3 of us working together and I because I was the only one in attendance at the auction today. I'm glad to be posting and hope to remain active on this board going forward.

North East / Re: Lets here it for Pa!
« on: April 17, 2012, 09:26:56 AM »
Lancaster PA as well. Fairly new. Have bought about 10 units so far. Can't believe there are more people who posted Lancaster than Philadelphia!

Pages: [1]