Antique or Old Junk? How to Identify Antiques

Shows such as Storage Wars and Antiques Roadshow have piqued viewers’ interest in finding treasures in what might seem to be junk to the untrained eye. Before cleaning out your attic or neighborhood garage sale, consider the following tips that can help you identify antiques from old junk.

Continue reading “Antique or Old Junk? How to Identify Antiques”

Buyer Rights: What You Need to Know

When dealing with storage unit auctions, always educate yourself on the facility, buyer and seller rights. While generally the same, these rights can vary from one location to the next. Before participating in a physical or online storage auction, review all the essential clauses and information regarding that particular auction. This will help you avoid problems later on.

Continue reading “Buyer Rights: What You Need to Know”

I had the winning bid and bought my first storage locker

Here I was, my second week attending a live storage unit auction. This was week two, day one, as a buyer and not a spectator. Twelve storage units were up for auction at that facility. I had bid on the first 5 out of the 8 units and was out-bid on all 5 of them.

When the door opened on the 9th storage unit, I immediately spotted something I was familiar with.

Continue reading “I had the winning bid and bought my first storage locker”

How I Started in the Storage Auction Business

I have to admit, that in the past I never went to a thrift shop to purchase anything other than a Halloween costume.

In 2007, I visited a local thrift shop to kill a little time since my girlfriend at the time (my wife now) was having her nails done in the same shopping center. While browsing the 50% OFF isle, a unique beer stein caught my eye. I bought the beer stein for 50 cents. I was pleased with my purchase and thought I would display it at home. Well, my girlfriend wasn’t as enthusiastic as I was. I decided to sell it on eBay with a starting bid of 99 cents. The beer stein sold for well over $600!

Continue reading “How I Started in the Storage Auction Business”

What to Look for in Storage Units

When a storage unit goes unpaid for several months, the owner of the storage facility often puts units up for auction. The winner receives everything inside of it. However, it isn’t usually possible to spend a lot of time appraising the unit, and bidding high can be a gamble. If other bidders are driving the price up, here are some things to consider:

Continue reading “What to Look for in Storage Units”