antiques and collectibles

Is the Internet Killing Storage Auctions?

Add to the growing list of industries that the up-and-coming generation seems to be killing off: antiques and collectibles. The Collectibles Market Is Not What It Used to Be. The digital revolution has taken away the joy of the hunt. Or has it?

The fact that we now have convenience does not make us less inclined to explore, browse, and discover items we didn’t know we wanted. Antiquing, flea market browsing, yard sale shopping, and attending auctions have always been hobbies for a devoted niche of people. The items in demand and the formats of sales may change, but the thrill and the sales remain.

Used Goods and Online Resale Markets Thriving

In terms of buying antiques and collectibles as investments, any hedge fund manager will tell you that investments always carry risk. Collectibles are no exception, and you’ve got to be careful about buying items solely for the purpose of selling them later. The resale market is always changing as supply and demand fluctuate.

While many people who hoarded Beanie Babies are now disappointed by their actual value, the used goods market in the United States is a growing $20 billion industry. That’s not even counting the online resale market, of which the fashion sector alone grew 82% between 2013-2016.

But those are general goods, not big-ticket items like authentic antique furniture, right? Not necessarily. There’s a thriving online niche for antique buying and selling.

The Internet Hasn’t Killed Browsing

Not only do Americans love a good deal, but the younger generation also loves a good hunt. They wear, as the Thrift Shop song proudly proclaims, their granddad’s clothes. They shop in brick-and-mortar stores, from low-cost giants like Goodwill to higher-end boutique consignment shops to local nonprofits. It’s true that users can find specific items with the search function on sites like eBay and Etsy, but they also browse categories and wander through algorithm-generated lists of similar items.

At StorageTreasures, we’re believers in online auctions self storage auctions. We make browsing online for units easy and worth your time.

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2 thoughts on “Is the Internet Killing Storage Auctions?

  1. Michael, nice article!

    I buy a lot of homes thru foreclosure auctions (sheriff sales). A lot of times there are still tons of stuff left in the home: furniture, books, kitchen stuff, clothes, TVs, washer/dryers, etc. I don’t have time to sell them, and it’s not worth hiring estate sales pro. I was wondering if the storage actions buyers would be interested. What do you think? Would be nice to have a list of buyers!

  2. I think this company is just as greedy as the storage unit owners they don’t check to make sure the tenant has been properly informed of the unit being auctioned off or that the owner of the storage facility went and gave a verbal contract to the tenant knowing that the tenant was homeless and battling cancer and was told that everything would be fine then turns around and sells everything that the tenant has left to her belongings and her children’s belongings including deceased family members and deceased children I have been trying to get a manager to contact me by phone and not through email not through text and I believe that shows cowardness

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