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Another succesful auction

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  1. #1
    mikeinreco started this thread.
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    Another succesful auction

    Saturday's Auction
    Spent $385
    Made $850
    Gas $50

    You do the math and tell me auctions are not profitable
    Bought Saturday Hauled Sunday and Monday



    I posted this because I remember somebody said it wasnt worth the time and effort
    To me it's the easiest way to flip alot of scrap and make some decent money

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  3. #2
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    What all did you buy?

  4. #3
    mikeinreco started this thread.
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    500lb server cabinets, old filing cabinets and metal office furniture, water fountains etc....

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    Good score!

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    Nice. Is there a buyers premium and did you include it in your price?

  7. #6
    mikeinreco started this thread.
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    No premium at govt auctions

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  9. #7
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    So you netted $415? How much time was spent?

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    Quote Originally Posted by mikeinreco View Post
    Saturday's Auction

    I posted this because I remember somebody said it wasnt worth the time and effort
    To me it's the easiest way to flip alot of scrap and make some decent money
    Their ignorance is our bliss.
    I love auctions but it is easy to lose money bidding on boxes the are sealed.
    Lost $850 at an auction a locker full of boxes from sony and LG. Thought I hit the motherload, turned out to be boxes of new arts and craft supplies. Darn it.
    So we figured the girls at the local woman's shelter would like it. We brought the truck load to them and they loved it. Was just before Xmas and they made Xmas baskets and sold them to fund there Xmas party for the kids.
    That good karma came back to us ten fold.

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  12. #9
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    Some gov't auctions do have a premiums and could be as much as 15%. what gov. auction was it? Some auctions can be gold mines. I would never bid on something without seeing it first.Here in florida summer time is the best time to buy at auctions, all the snow birds go back home. Anyway great score.


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