Arizona state University has these auctions frequently. I used to try to bid on the lots of scrap especially old computer towers. After being outbid by ridiculous amounts every time I stopped. There would be bins with maybe 500 pounds of shred steel currently worth about 60 bucks a ton in the Phoenix area selling for a hundred bucks. The same people buy it all and pay way to much for it. I always wonder what their scheme is unless they like to go broke. They pick it all up with flat bed semi trucks. Anyone know how they do it?
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