Originally Posted by
ComputerScrapper
Storage auctions can be a great source of revenue and can produce some sweet finds....Before I started in e-cycling my wife and I did a lot of
eBay and we attended many storage auctions. The best ones, at least for us, were in the small towns where there were few bidders. We bought one unit for $75 and right away sold the furniture inside for $150....We went on to find dozens of new in box Princess Barbie dolls ($50 each on eBay at that time) and new in box Cabbage Patch Kids ($100 each and up on eBay at that time). We made a killing. But not everyone is a homerun to be sure. Even the professional buyers will tell you that it is a fickle business to say the least.
School auctions are my favorite haunt now. They sell a lot of good stuff at very low prices.
No such thing as a cheap storage auction anymore, even in the small town. 3 years ago you could goto a storage auction an have 5 bidders on all the units. Done in a half an hour. Now, you have 300 people looking in the units and 10 guys bidding it up.
You have to see something you like first, then start bidding. Don't forget to bring cash and your Visa.
Good luck in that venture.
Scott and Betty
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