As a platform for storage auctions, we’re familiar with the phenomenon of abandoned items. Storage lot owners retain property left behind by delinquent tenants; in order to clear space and generate revenue, they hold auctions.
State governments also require cash flow to fund public works and institutions. Lottery tickets represent a popular business model; taxes, not so much. A lesser known approach to generating public funds bears resemblance to storage auctions. Three years after people abandon safe deposit boxes at banks and credit unions, the items are turned over to the state.
As an example, Arizona maintains an entire website devoted to unclaimed property. The site serves as a means for property owners and their heirs to find missing items. It also announces auctions where buyers can bid on remitted property.
Storage Auctions vs. Safe Deposit Auctions: Which Is Better?
Comparing storage auctions to safe deposit auctions is like comparing apples to oranges. With storage containers, there’s usually an element of mystery, an exciting gamble for a prize. With safe deposit auctions, states list specific items. Obviously, they tend to be valuable by virtue of having been stored in a bank vault. People generally store different types of items in safe deposit boxes than they do in storage lockers. When you win a storage auction, you find yourself the proud owner of a large quantity of items — their quality partially or entirely unknown.
Call us crazy, but that’s part of the fun! Depending on what draws you to storage auctions, you might enjoy exploring this other avenue of bidding on abandoned items. On the other hand, you might prefer to stick with the treasure hunt that accommodates a lower budget and satisfies a thirst to search. Storage Treasures is your hub for live and online storage auctions.
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Baseballs, collectible cards, celebrity photographs, books, posters, art prints, band T-shirts: if you find an autographed one in a storage unit, your heart might just flutter. Is it treasure? There are ways to find out.
Keep in mind that just because an item isn’t signed doesn’t mean it isn’t valuable. Rare posters, first-edition books, original art, and limited run collectibles can potentially fetch a high price on the resale market, even if no one scribbled a jaunty John Hancock on it. If you do find a signed item, here’s how you decipher its authenticity:
Continue reading “How to Tell if Autographs are Authentic”
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If you have kids, chances are you’ve held on to a few things – okay, more than a few things – for posterity. Handmade items earn their place as family heirlooms, and useful items could save money down the line. Toy Story taught us that toys have feelings. Perhaps not, but they evoke feelings, and for some they’re hard to let go.
As they say, out of sight, out of mind. After a storage auction, you might find yourself the proud new owner of a family’s toy collection. You’re probably not as keen to store the keepsakes, so what should you do?
Continue reading “Getting Started Reselling Toys from Storage Units”
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Remember when somebody won a treasure chest full of pirate booty at a storage auction? That was truly a rare find. It’s unlikely you’ll stumble upon a valuable coin collection, though it’s possible — people have been known to abandon valuable items. Even if you don’t find a cinematic treasure chest, there might be some change lying around, or some bills forgotten in an old coat pocket: score!
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A garage sale is a great way to free up space and make money doing it. However, it isn’t something you can just throw together at the last minute if you want it to succeed. To make the most of your time, here are some tips for holding a yard sale.
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So you’ve won your first storage unit auction. Congratulations! Now what? After paying and clearing out the unit, you might feel overwhelmed by the task of going through your winnings. By following through with these steps, you’ll make sorting so much easier. Besides, once you’re done with sorting, you can move on to reselling.
Continue reading “Sorting Strategies for Unit Owners”
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No matter how great a haul you have in winning a storage unit auction, you will undoubtedly have a large amount of junk. Before you simply start lugging off giant trash bags to the dump, stop to consider a few of the items you can recycle. This way, you’ll reduce waste and greenhouse gas emissions while preserving important manufacturing materials.
Continue reading “Can I Recycle That? Find Out Which Items You Can Divert From the Landfill”
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Part of the fun and excitement of storage auctions is finding out what’s inside. Perhaps you find some priceless treasures in a box somewhere, or maybe the unit didn’t turn up as much as you might like. Either way, you’ll likely have material you simply are unable to sell. Should you just toss the items into the trash and move about your day? Why not consider bringing out your crafty side to see what you can do?
Continue reading “Crafty Auction Winner? Try Upcycling”
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In many parts of the country, summer means outdoor market season. Flea markets can be a lucrative way to move items won at a storage auction. Unlike hosting your own garage sale, you don’t have to worry as much about advertising and, at an established market, you can count on there being a crowd. Here’s some advice for those just starting out selling at flea markets.
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Vintage clothing can be a valuable find. But some types of vintage clothing are more valuable than others. Here are a few tips to determine whether a piece of vintage clothing is authentic and valuable:
Continue reading “How to Tell if Vintage Clothing is Authentic and Valuable”
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