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Granted, I'm a relatively new follower to this industry - but I'm a little confused about the strategic positioning of these players.  I'll be at the ISS show and looking forward to what these folks have to say.

ST's banner and logo have appeared on SW w/ the Dotsons.  And supposedly there's some connection between them and Lance - meaning the Dotsons buy into the online model by promoting ST on the show.  Or maybe those shows were filmed before ST started doing online auctions?  I dunno, predates my knowledge, you guys know I'm sure.

And now the SB/ST merger announcement, which appears to be a validation of the online model and a logical consolidation.  Even perhaps an endorsement of online auctions by the Dotson, if in fact there's a connection between them and ST.

Then, Don tweets about the online model threatening the live auctioneers (twitter hashtag #StorageAuctions) - Indicating some degree of concern on their part that online auctions will really be taking off in coming years.  Or maybe just throwing a log on the fire?

And with all this focus on SB and OSA, what about these guys?  They seem to hold consistent online auctions (all in Canada), but haven't made a push into the US market.  I wonder why?

I'm definitely biased here, since I believe that doing these auctions online makes more sense in terms of logistics and efficiency.  It'll be interesting to see if these guys speaking at the show make a compelling case one way or the other, in terms of practicality, acceptance, or legal standing.

Laws about Storage Auctions / Re: South Carolina Storage Auction Laws
« on: March 11, 2014, 08:36:30 PM »
I think this has pretty major implications for storage auctions in SC, almost totally pruning away the low-value units if the operator so desires.  In my limited experience with in-person auctions, probably half go for under $300.  It seems like this would really take the wind out of the volume of auctions, if operators in SC are aware of this change and value clearing out the unit quickly more than the paltry sum they get after auctioning it for small dollars and paying the auctioneer.

The seems like a huge change in the law with big implications for operators SC.  But maybe I'm over-reacting.

The Lounge / Travis's Avatar makes history at Vegas NASCAR
« on: March 06, 2014, 08:19:01 PM »
And now, for the most famous words in motorsports...


Laws about Storage Auctions / Re: South Carolina Storage Auction Laws
« on: March 06, 2014, 08:13:19 PM »
Interesting change was signed into law recently in SC regarding the lien process.

Of particular note:

(G)    If the owner determines that the property in the storage space has a sale value of less than three hundred dollars, the owner, at the owner's sole discretion, may hold the property for sixty days from the date notice was provided pursuant to this section. If the occupant fails to claim the goods and pay the rent owed during that period, the owner may destroy or dispose of the property without further notice to occupant and occupant's debt shall be extinguished and the owner shall have no liability to the occupant or any other person for the personal property.

This is really confusing.  Can the operator unilaterally determine that a unit's value is under $300 and keep it in exchange, basically, for what's owed on the unit?  Seems to take a pretty wide stance on the power the operator has to profiteer on the side off defaulted units.

I'm sure the intention is to expedite the processing of liens where the unit contains trash, the operator can just junk it and call it a day.  But what's to stop the operator from saying a nice unit is worth $300, assess it at "under $300", keep it, and flip it.  There's no check/balance in there to use an auction to establish fair market value.

Stumbled upon this today and thought it was interesting for those in SC.

Online Storage Auctions / Re: Feedback
« on: February 22, 2014, 01:00:52 PM »
I think if you look at online auctions as trying to replicate what goes on during a live auction, it's hard to see how feedback adds anything.  Sure, the auctioneer knows the regulars and their bidding styles and which ones are reliable to deal with but in the end, the facility takes a cleaning deposit (or not from a regular) and sells to the highest bidder.

In other marketplaces, feedback ratings allow buyers and sellers to choose known good players to do business with.

Given that there's a legal framework around the auction process, I have a hard time seeing how this "value add" applies to lien auctions.

New to Storage Auctions? / Re: Confessions of a Newbie
« on: February 12, 2014, 10:31:20 PM »
I just thought up a killer feature for the online auction sites.  You hover over the picture and that small circle gets "brightened" in the magnifier view.  It's the "Flashlight".

Online Storage Auctions / Re: Storage Battles is now Storage Treasures
« on: February 11, 2014, 06:23:27 PM »
I think the earlier observations about SB's user interface and site performance are dead-on.  It's hard to build a business and invest in everything - marketing, sales, promotion, etc. and still continue to re-invent the site every couple years to stay on top of scalability and growth.  I'm working with a team to build a new offering in this space, at ebidstorageauctions (dot) com and we're excited to offer a fresh perspective in the market.  I think ultimately there's room for multiple players in online storage auctions, and the market will sort out which approach and pricing model is best over time.  Like Travis said, time will tell.

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