Canceled Storage Auctions: 4 Most Common Reasons

StorageTreasures canceled storage auction email

Bidding on storage units is fun and exciting, but you might notice many canceled storage auctions as you get started. Canceled storage auctions are frustrating for buyers (it is the number one complaint we hear from bidders.) Many bidders think storage operators cancel units because the top bid did not go high enough, or maybe the manager decided to sell it to somebody else, under the table. They worry the sellers know who is bidding on their units, and they don’t want to sell the unit to certain people (the delinquent tenant).

Bidders, especially those new to storage auctions, don’t realize a lot happens behind the scenes before a unit goes to sale. There is paperwork, payment plans, legal ads, last-minute payments, and many other things that could result in canceled units. Last year, 47% of all units posted on StorageTreasures were canceled for many different reasons. Here are four of the most common reasons storage auctions get canceled.

The Tenant Pays Their Bill

Tenant payments absolutely, 100% happen — and often at the very last minute. An auction could be canceled minutes before it closes, or the sale could even be canceled before you arrive at the facility to claim a unit you won at auction and take possession. Legally, the property still belongs to the tenant until you pay for your bid and place a lock on the unit. This is why it is crucial to call the facility before you go to pick up your unit. To see more about taking possession of a storage unit, click here.

I have worked in the self storage industry for 12 years, and I have seen many, many tenants pay their bills at the last minute. In the case of live auctions, they even show up during the auction to try to pay their bill. I once saw a woman throw herself on the floor in front of her units to stop the auction in progress. Last-minute payments are widespread. They likely made up the majority of the 47% of canceled storage auctions on StorageTreasures last year.

 

An Error in the Lien Enforcement Process

The steps a storage operator must go through to sell a delinquent tenant’s unit are lengthy and complicated. The laws are vague and must be followed precisely. As you might have guessed, most storage facility managers do not come with a law degree, so mistakes are very easy to make. For example, many states require 15 days between the first legal ad and the date of sale. Easy enough, but do you count the day of the ad and the day of the sale? What happens if a holiday jumps in there and the newspaper is not posting legal ads that week? What happens if the newspaper spells the tenant’s name wrong? There are so many places for error in the process.

Operators do not want to have canceled storage auctions. Processing a tenant for auction is a cumbersome, expensive process. If they have an error in the paperwork, they have to start the entire process over from the beginning. There are fees for sending letters, legal ads and hiring an auction company. In addition to all of this, they still cannot re-rent the unit to a paying tenant. A paperwork error is a lose-lose situation for a storage operator.

 

Unauthorized Items in a Storage Unit

Often, a facility manager will open a unit door, take a quick inventory, and not realize that something they cannot sell might be in the unit. After they list the unit, they might see a headlight for a vehicle in the back of the unit. They will now need to perform a VIN search with the local motor vehicle department before listing the unit for vehicle sales. Other examples of items that cannot be sold are modified shotguns or assault rifles. The facility manager may have posted the units online without knowing these things are in the unit, and a supervisor later sees the prohibited items and cancels the auction.

 

The Auction Listing is Incorrect

In addition to following the lien process strictly, the storage operator has an obligation to you, as a buyer, to present correct information on the auction listing. The facility manager might post a unit and realize they put the wrong auction date or time. They can edit the auction up until the time the first bid is placed. After the first bid is placed, they can no longer edit the listing. They will have to cancel the unit and repost it. This is why you might see the unit pop back up on StorageTreasures a few days or weeks later.

Pictures can be wrong as well. To err is human. Managers might have hundreds of unit pictures on their computers and quickly select the wrong one when uploading units. Hopefully, they find the mistake and cancel the unit BEFORE you bid on it and win. They will likely need to cancel the unit and repost it with the correct pictures if they do.

Buyers successfully bought over 100,000 units last year and many of them for excellent prices, even after many units were canceled. Go to www.StorageTreasures.com NOW to find your next big win!

 

 

Is Reselling on Etsy Good for Storage Auctions?

Etsy for reselling items

There are many places for reselling items found in a storage unit in today’s digital marketplace. From eBay to Facebook Marketplace, Offer Up and so, so many more, your resale options are endless. However, some platforms may prove a better place to sell your storage auction finds. Etsy describes itself as a shop for hand-made, vintage, custom, and unique gifts. Have you found items like these in a storage unit you won at auction? Is Etsy the right place for you to resell items you find in a storage unit?

Etsy is a website where you can find homemade items such as birthday cake toppers, hand-made cards, costumes, wedding décor, pre-made scrapbook pages, and so many more special items. It is the go-to place for busy Moms who want to provide that special touch to their gifts or home. Etsy is not just for women. I have purchased several music-related items for my husband on the site as well. It is a great place to sell or find vintage t-shirts and clothing. Again, I ask, is Etsy the right place for reselling items you find in a storage unit? Let’s take a more in-depth look at the platform to find out.

Etsy Fees

Etsy is very user-friendly, and they have a mobile app for you to use. The first thing you should do is learn about the fees that Etsy charges. They have listing fees, transaction fees, advertising fees, and more. You can learn about all of Etsy’s charges here.

Setting Up Your Shop

Setting up an Etsy shop is easy. You will need to create a shop name and fill out some background information. You are not required to have a business license to list items on Etsy, but they do expect you to follow all applicable state and federal laws regarding commercial transactions.

The following is a list of other items you will need to set up your Etsy shop.

  • A banner and shop logo
  • Shop announcement – a brief welcome message to shoppers
  • About section – a place to upload videos or stories behind your products
  • Shop members – if you have other members on your team
  • Shop policies for shipping, returns, exchanges, downloads, and other guidelines
Marketing & Optimizing Your Shop

This part of the process is what will probably be most difficult for you. You have to promote your shop personally. Etsy does offer advertising space for an additional fee, but otherwise, you will need to rely on your network. You can link your social media accounts and use the location search to help people find you, but ultimately, it comes down to making your listing stand out and get recognized.

Just like eBay and Facebook, there are ways you can optimize your listing for Etsy search. Below, you will find optimization items to consider.

  • Tag and title relevancy
  • Item attribute relevancy
  • Listing quality
  • Customer experience

You can read more about Etsy’s recommendations for optimizing your shop here.

In 2019, Etsy reported over 45.7 million buyers worldwide and a sales volume of $4.97 billion.* It would be a shame to leave this market untapped when reselling your storage finds. If you need to hunt for more items to list in your Etsy shop, go to www.StorageTreasures.com now.

RELATED ARTICLE – If you are interested in being an eBay seller, check out our recent article, Storage Auction Winnings: Become an eBay Pro.

*Source: https://www.veeqo.com/us/blog/etsy-statistics

Winning an Auction: What Happens Next?

moving after online storage auction

Buying a unit at a storage auction is more complicated than it might seem. Television shows make it look so easy – find an auction, outbid the competition, discover epic treasure! However, storage auctions are just like any other business in the world; there are rules. Familiarize yourself with these rules to be successful.

Bidding is a fascinating part of the auction process, but winning is the ultimate goal. Once you’ve landed your first unit, everything moves very quickly. First thing, you will get your winning bidder email. You will only have 24 to 72 hours from the sale’s close to empty the unit. Plan early to get into the office to pay your winning bid amount. After you pay, remove the unit’s contents (without using the facility dumpster), and devise a plan to resell your winnings. It might be easy to overlook some essential steps. See below for tips to follow after you win an auction on StorageTreasures.

Contact the Facility

After you win a unit, the first thing you should do is contact the facility to confirm the unit is still available. A very frustrating, albeit legally required, part of online storage auctions is the delinquent tenant gets a little extra time to pay their bill. In an online auction, the tenant can pay up until you take possession of the unit. To take possession, you go to the facility, pay the bid amount, and place your lock on the unit. If you win a great unit and think there is a possibility the tenant might make a last-minute payment, you will want to get to the facility as quickly as possible.

Bring Items Needed to Claim the Unit

There are a few items you will need to be able to pick up your unit. Always bring a copy of your driver’s license or other identification. You can have other people pick up your units for you, but you will need to list them as an authorized pickup person on your account. If an authorized pickup person goes in your place to claim the unit, they will need to show their ID. See the image below for where to enter a person authorized for pickup.

StorageTreasures Authorized Pickup Person

 

You will also need to bring cash for the bid amount, possible sales tax, and a cleaning deposit. Some facilities allow credit card payments. Be sure to check the Additional Information section on the auction listing for all facility rules and online auction regulations. If you have a Sales and Use Tax Resale Certificate, have a copy on hand you can give to the facility to remove the sales tax. You will get your money back once you have cleaned the unit to a swept condition.

Remember to bring a lock to secure the unit. You do not legally take possession of the unit until you have placed your lock on the door. Storage facilities often have different types of locking systems. When you call to verify the unit is still available, ask the facility manager what kind of lock you need to bring.

Check out this previous post titled “4 Things to Bring to a Storage Auction” for more information about what you need for a successful auction.

Clean the Unit to a Swept Condition

Swept condition is precisely what it sounds like, swept clean. Swept clean means you have to remove all items from the unit and sweep up any remaining debris. There is a thing in storage auctions called “cherry-picking.” This is when the buyer takes what they want from the unit and leaves the rest behind.

I have heard some buyers say, “it was worth it to lose the cleaning deposit not to clean it out.” Unfortunately, it is not that simple. Failing to empty the unit can result in you being banned from bidding on auctions on StorageTreasures.com. Our rules (and most all storage auction rules) state you must remove the unit’s entire contents from the premises.

You also cannot use the facility dumpster. This rule isn’t because the facility manager doesn’t like you. It is because storage facilities have small dumpsters that can’t handle the entire contents of storage units. Seasoned auction buyers get passes to the local dump to dispose of the unwanted items from online storage auctions. It is wise to keep the clean-out process in mind when buying multiple units.

Recover Your Cleaning Deposit

Once the unit is empty, you will need to have it inspected by the facility manager to get your cleaning deposit back. Keep in mind; the manager will only be available to return your cleaning deposit during office hours. If you are traveling from a far distance to claim the unit, you should plan ahead to secure your cleaning deposit return.

Some storage companies require you to put your cleaning deposit on a credit card. If that is the case, you likely won’t get your deposit back for 3-5 business days due to the nature of credit card processing. Be sure to read the Additional Information section of the auction listing for any rules concerning the cleaning deposit.

If you want to find out more about storage auctions and prepare for your first auction, here is an excellent article from Side Hustle Nation that gives you a more in-depth perspective from an experienced auction buyer.

Now that you know what to do after you win a unit, head over to www.StorageTreasures.com to find your next big win! If you have any questions about how an auction works, reach out to us on Facebook or contact our Customer Support Team. You can reach them at (480) 397-6503 or support@storagetreasures.com.

Best Selling Storage Auctions of 2020

best selling storage auctions

2020 was a strange year for most people, and the same was valid for online storage auctions. Unless you were born IN the year 2020, you heard all about COVID 19 and the “new normal” we all needed to navigate. For the first time, storage auctions were either banned or suspended due to state mandates and a massive unemployment crisis. There were little to no storage units sold from March through June of 2020. Storage operators, auctioneers, online websites, and bidders all felt the impact of the virus.

Thankfully, bidders and operators were able to rally during the second half of the year, when we saw record-breaking unit prices. Below, you will see the top-selling units on StorageTreasures last year and one honorable mention unit for reaching new heights in the first half of 2020 during a global pandemic.

 

10. Water Filtration Systems in Newark, NJ – Sale Price $17,120

: Storage unit auction containing unopened water filtration systemsA 10×10 unit was full of unopened boxes of water filtration systems. The boxes were labeled Brondell, H20+ for better water. A quick search of these items shows they sometimes sell for up to $400. The unit was full of unopened, wrapped boxes. The facility description also listed household furniture, mattresses & bedding, and personal effects. Those additional items were icing on the cake for this unit.

 

 

9. Disney Collectibles in Franklin Park, IL – Sale Price $17,810

10x20 online storage auction unit with Disney collectibles and household itemsWhen first looking at this unit, a large stack of beautiful teal boxes stands out. Once zoomed in, you can see the boxes are labeled “Classics Walt Disney Collection.” Classic and Disney is always a winning combination. In addition to the potentially hundreds of Disney collectibles boxes, this large 10×20 also contained household items and other décor. All of the belongings in the unit appeared to be in excellent condition. Items in the front of the unit were covered in dust, indicating nobody had entered the unit in quite some time. Units with dust are always a bidder favorite.

 

8. Funko Toys in Broadview, IL – Sale Price $18,020

Online storage auction unit filled with Funko ToysFunko Pop Toy Chester CheetahI had to do a quick internet search of “Funko Toys.” I recognized them immediately as the small, plastic figurines representing pop culture characters. Funko toys represent popular characters from hockey players to characters from the TV show, The Office. Amazingly, these little toys are incredibly valuable. The company that makes the toys claimed $686 million in sales in 2018. The most valuable Funko Pop toys sell for thousands of dollars. This 10×30 unit was filled with pallets of neatly wrapped Funko Toy boxes. It probably took a while to resell all of these toys, but it surely brought a nice, tidy profit.

 

7. Golf Equipment and Apparel in Buffalo Grove, IL – Sale Price $18,110

20x10 storage unit full of golf equipment, accessories and apparelThis unit was one of those units in which experienced buyers of storage auctions could see something I could not.  There are some visible boxes and a golf bag; nothing that grabbed my eye. Several bidders felt the items inside were worth almost $20,0000 as 127 unique bidders bid on this unit. There were some hats and golf shoes visible, and they all seemed to be great brands of good quality. The boxes were numbered as if they might have been inventory to be sold. Hopefully, the right buyer got top dollar for the items in this unit.

 

6. Unique Home Décor in Sarasota, FL – Sale Price $20,010

Large 20x10 storage auction unit filled with unique home décor itemsAfter seeing three Illinois units, we finally move south to the Sunshine State, and wow, this unit did not disappoint. The sixth highest-selling storage unit of 2020 was filled with large, colorful home décor and art pieces. The furniture in the unit appeared to be of very high quality. All of the items were carefully stored, with some items still inside moving crates. If you are the lucky winning bidder of this unit, we would love to know how well you did after the sale.

 

 

5. Paintings and Murals in Hicksville, NY – Sale Price $23,150

Storage unit filled with stacks of artwork and muralsThis unit was one that required the heart of a gambler to win. There are stacks of framed artwork, but they could all be Bart Simpson from what I can see. There are some beautiful pieces standing alone that you can see with exquisite, professional frames. The storage unit itself is well lit and looks more like an office. It is almost sure the monthly rent was higher than a typical storage unit. It’s likely the overall quantity of artwork is what drove the price of this unit to over $20,000.

 

 

4. Food Truck in Austin, Texas – Sale Price – $23,550

Food truck sold at an online storage auctionThe description of this truck is listed as a Freightliner Van. In theory, it could be used as something other than a food truck, but inside it has an area for preparing food, cooking stations, coolers, and an ice machine. The food truck was previously used to prepare Korean-Mexican fusion food. It was also used as an advertising medium, as evidenced by the AT&T logos appearing on the side.  The listing also says it was “truck 2 of 2,” meaning this tenant also had another truck for sale. The second truck did not make our top ten list, but this was likely a massive score for the winning bidder when he or she found a buyer.

 

3. Floral Supplies, Craft Room, Craft Reseller in Oakland, CA – Sale Price $25,110

10x20 storage unit with a home crafting businessI had to look at this unit for a while to figure out what the draw was, and then it hit me. This unit looks like my mother’s craft room. She loves to collect and make things and sell them on eBay or Facebook Marketplace. All of the contents appear to be household items. They don’t look like a store inventory. There are nicely packaged boxes for mirrors or paintings. Totes labeled floral or craft supplies, Legos, and figurines. There are also American Girl Doll boxes, which sealed my opinion of this unit. Those dolls sell like hot cakes on the reseller market. The variety of different resalable items in this unit made it worth the $25,000.

 

2. Comic Books in Lake Worth, FL – Sale Price $25,210

Storage unit auction full of comic books and collectiblesEvery year when I write this article about the best-selling units, there is always one unit containing comic books and collectibles. This particular unit was 10×12 and full. The first thing that catches the eye is the standard white rectangular boxes typical for storing comic books. Also, there are several excellent, sturdy, high-quality totes and boxes neatly stacked. There are also some sports memorabilia and pop culture artifacts. This unit was a collector’s dream.

 

 

1. Art in Brooklyn, NY – Sale Price $35,030

Storage auction containing collectibles and model carsThis 10×20 didn’t look like it had much in it at first glance. There are nice crates and some wrapped items. There are some freestanding art pieces and what looks like a fancy car engine. Upon further investigation, the name David Datuna appears on the side of one of the crates. David Datuna is an NYC based artist from Georgia (the country, not the state). He once sold a portrait of Vladimir Putin for $269,000. There is also a box labeled “art Miami” which could have included pieces from his Viewpoint of Billions series that was showcased at Art Basel in Miami. If only one of the crates in this unit contained an original work by Datuna, this unit could have been worth hundreds of thousands of dollars.

 

Honorable Mention – Antiques, Memorabilia, and Collectibles in Anaheim, CA

Storage auction containing collectibles and model carsDuring the pandemic and the following eviction moratoriums, many storage operators did whatever they could to make deals with their tenants so they could keep their things. One of those deals included having the tenant sign an abandonment form and turning the unit over to the facility to sell the items. When a unit is sold with an abandonment agreement, proceeds do not apply to the tenant’s past-due account, so the unit will be sold as a “non-lien” unit. This non-lien unit sold for almost $15,000 because it contained model cars and boxes of collectibles. The unit, a 10×30, was packed full and neatly stacked. The winning bidder on this unit had a lot of fun finding out what was stored behind that first layer of boxes.

 

 

Do you want to see the Best Selling Units of 2019 too? Click HERE. Will you be one of the lucky winners to snag a unit on next year’s list? Start bidding today on www.StorageTreasures.com. Are you new to storage auctions and curious about how it works? Check out our Help Center for more information.

Storage Auction Winnings: Become an eBay Pro

Sell storage auction items on eBay

You finally won a storage auction. What do you do with the items now? Re-sell that inventory, of course. There are many different options available for reselling, eBay is one of the most popular places for storage auction buyers to resell their inventory. However, successfully selling on eBay is a little more involved than posting a picture and waiting for the bid to go up. eBay makes several recommendations for successful listings. You can read more about them at this LINK.

Even with all the tips from eBay about selling, it seems like some people are still better at selling on eBay than others. Have you tried all the eBay tips and still not had great results? Have you wracked your brain trying to figure out what other people know that you don’t know? You are in luck; some successful eBay sellers are willing to share their secrets to make you a better reseller.

eBay

In addition to the best practices listed above, eBay also offers the eBay Seller Center, the eBay Community, and eBay Upfront to help you resell items purchased at storage auctions. The eBay Seller Center resources like the eBay for Business Podcast and shipping tips. The eBay Community includes discussion groups and a weekly chat with eBay staff. The eBay Upfront is a traveling conference in which eBay sellers and groups come to you!

eBay Radio by Voicemarketing, Inc.

eBay Radio is an internet radio program produced by Voicemarketing, Inc. They host live shows with eBay’s top sellers, eBay news, and general e-commerce. One of the hosts of eBay Radio is a long time eBay employee and the Dean of eBay Education. Their website also features an extensive archive of past shows you can watch anytime.

Udemy

Udemy is a website where professionals can host all sorts of classes to share with those looking to learn. A search of “eBay” returned 997 results for classes, of which 113 were free. The paid classes range from The Complete eBay Course – eBay from Beginner to Advanced to eBay Hacks: Optimize eBay Seller Listings. The average price of a lesson on Udemy ranges between $10 and $15.

Skillshare

Skillshare is an online community with a focus on creativity. There is no charge for the classes listed on Skillshare, but there is a membership fee of $8.25 per month. They do offer a two-month free trial. Skillshare offers a course titled eBay Mini Newbies Boot Camp. The class has 14 lessons, and you can watch the first lesson for free to see if the content is right for you. The website boasts an attendance of 756 students so far to the Boot Camp.

Ed2Go

Ed2Go is a virtual continuing education platform. They offer classes and certifications to help people educate themselves and advance in their careers. They offer a 6-week course called Learn to Buy and Sell on eBay for $149. That price might seem a little steep, but the class has twelve sections, including one on The World of Digital Photography. It is also taught online by a real professional, rather than a series of videos you watch independently. The class is recurring, with different start dates available.

Facebook Groups

There are hundreds, if not thousands, of eBay Groups on Facebook full of people willing to share their knowledge. Some examples are: eBay Selling Basics Nothing but eBay Basics, EBAY SELLERS, Stay at Home Moms Selling on eBay, eBay Warriors, and eBay Sellers Helping Each Other. You can also join Facebook groups dedicated to storage auctions to learn more.

YouTube Videos

YouTube has long been the go-to source for how-to videos for those who prefer to learn by watching. That includes all things Storage Auctions, such as selling your winnings.  Searching “Selling on eBay” returned several titles. There are also videos for how to sell specific items on eBay, such as books. Some of the videos include tutorials for using the website, and others explore how to spot things you can resell on eBay.

To win another storage auction to help hone your eBay skills, check out all of our units on StorageTreasures. If you want to learn more about being a bidder on StorageTreasures, check out our Help Center articles here.

Header Image Source: Daniel Krasoń – stock.adobe.com

 

StorageTreasures Communication to Bidders About COVID-19 Virus

COVID 19 scaled

StorageTreasures Logo

Valued Bidder Community,

As you’re undoubtedly aware, the growing Coronavirus pandemic (COVID-19) has brought unprecedented changes to our personal and professional lives on a national level. Rapid changes in government mandates and recommended safety precautions have forced many businesses to pivot standard practices to maintain daily operations and protect the well-being of their staff and customers.

 

StorageTreasures is currently experiencing low auction volume as a result of these changes. Most self storage operators have temporarily suspended auction activities – either in compliance with a government mandate, or to provide relief for tenants as many individuals face lost wages and unemployment.

 

We know that for many of you, auctions on StorageTreasures supply your primary or secondary source of income – and understand that you may equally feel the impact of these decisions. While we cannot offer clarity regarding when these auctions will resume, we will continue to provide full customer support for all auctions still available for purchase.

 

StorageTreasures will use this time to continue to upgrade and enhance our platform to ensure the best possible bidder experience when auction numbers normalize. We encourage you to engage with us on Facebook, or subscribe to our blog, to stay up-to-date on this developing situation and gain access to exclusive content,
contests and community-building activities.

 

We are grateful for your unfailing loyalty and look forward to the day when business is booming once again. Stay safe. Stay healthy. And be sure to check back often for new updates, activities, and auctions.

Warmest regards,

The StorageTreasures Team

P.S. Have questions? Please email info@storagetreasures.com, or call (480) 397-6503, to speak with a member of our dedicated support department. They are available to assist you Monday – Friday; 6AM – 7PM MST.

 

How to Find Storage Auctions

Find Storage Units Online scaled

At StorageTreasures, we get a lot of questions about how to find storage auctions. We get a request through our “Help Center” on our website, from our social media accounts, and also right here on our blog. We wanted to give you a comprehensive list of great places to find storage auctions and to find StorageTreasures auctions.

1.  www.AuctionZip.com

This website drives a ton of traffic to our website every day, so we know people look here for their auctions. The website is very user-friendly, as well. You go to their website and type in your Zip Code (or Postal Code), hence the name AuctionZIP. You can put in a mile radius of how far you are willing to travel, select from a long list of categories of auctions, or use keywords for the type of items you like to buy. The easiest way to find StorageTreasures auctions is to select the Storage Auctions category. The best news is; it is free to search for auctions on AuctionZip.com.

2. GlobalAuctionGuide.com

Global Auction Guide has been listing auctions for about five years now. It is also free to search their website for auctions. You can find online storage auctions or live storage auctions. You can search by location, date, or use a keyword, but the best part of Global Auction Guide is you can search by Company name, making StorageTreasures auctions easy to find.

3. LocateAuctions.com

Locate Auctions is the new kid on the block, but they have a lot of great auction listings. You can search by keyword, categories, auction type, or state. You can also browse their list of registered auctioneers or auction companies. Locate Auctions also has a great blog with all sorts of tips and information for bidders.

4. Your Local Newspaper

In most states, storage laws still require operators to advertise all lien sales in a Newspaper of General Circulation. You can try to find the legal ads on their digital version, or you can subscribe to the major newspapers in your county.

5. StorageTreasures.com

This suggestion might seem obvious or silly, but we have a lot of users who come to our site, and they don’t know how to find storage auctions near them. If you don’t already have an account, you can create one using the button in the upper right-hand corner.

StorageTreasures Account Setup

Once you have registered for your account, you can search for auctions from our homepage.

Find Storage Auctions on StorageTreasures

Man Finds Safe Containing $7.5 Million In Cash

deadman ranch 223778 1280

A man who purchased the contents of a self-storage unit for $500 discovered a safe inside containing $7.5 million in cash, according to Dan and Laura Dotson, owners of American Auctioneers, the company that presided over the sale. The couple, who star on the A&E reality television series “Storage Wars,” learned of the discovery through a third party earlier this month and shared the story via Facebook video. They didn’t reveal the man’s identity or where the auction took place.

Dan Dotson was attending the Cars, Stars, Rock ‘N’ Roll & BBQ Festival in Indio, Calif., Nov. 2-4, when a woman whose husband works for the lucky auction winner approached Dan and shared the tale. According to the video, the man sought the services of two locksmiths before finding one who could or would open the safe.\

After the discovery, the man was approached by an attorney representing the safe owner, who offered him $600,000 to return the money. He declined the original offer but settled on $1.2 million, refunding the remainder of the cash. It’s unclear how the attorney learned of the auction or tracked down the winner.

What they would do in this situation?
Would you give the money back? Would you ask for a finders fee?

You would be surprised, at what you can find in a self-storage auction. Sometimes it might be more than just furniture and photo albums.

Source:
Daily Mail, Buyer Finds a Safe Containing $7.5M Inside Unit He Bought From Storage Wars Host.

This Car Was Hidden Away For 30 Years

This Car Was Hidden Away For 30 Years

The Shelby Cobra Daytona Coupe prototype sits in its rightful place, a museum founded by its current owner. The first of only six ever built, it was the first American manufactured car to defeat the Ferrari on its own turf, was engulfed by flames in Daytona, was driven through Los Angeles by a popular musician and then restricted to a storage unit for over 30 years. Many had believed the vehicle had been lost. Today though, over 50 years after being built it was found.

Created by American automotive entrepreneur, Carroll Shelby, who wanted to beat Italian designer Enzo Ferrari. He had previously done so as a driver with the Aston Martin, winning the FIA World Sportscar Championship in 1959. By 1963 Shelby had hung up his racing gear but wished to win as a constructor, and with an American Car that he created. With designer Pete Brock, hired to shape the car for maximum speed the Shelby Cobra Daytona Coupe was born. Two years later in 1965 Shelby took first place at the FIA – the first American to do so.

After years of events surrounding the car such as surviving a fire while refueling in Daytona 1964 and setting 23 national and international speed records it ended up in the hands of music producer Phil Spector. Spector chose to use the vehicle as a cruiser but wound up getting an extraordinary amount of speeding tickets, eventually being suggested by his lawyer to get rid of it. In light of this Spector decided to sell the prototype to his bodyguard, George Band, for $1000. Brand then gave the car to his daughter, Donna O’Hara, who then decided to hide it away in a California storage unit, where it remained for over 30 years.

Interest over time mounted around the car and O’Hara received multiple offers for it, but she always refused. With the help of a lawyer, Martin Eyears, car collector and retired neurosurgeon Frederick Simeone managed to convince O’Hara to sell him the car, for an unknown amount, but believed to be up around $4 million. In 2008, he founded the Simeone Automotive Museum in Philadelphia, where the car now sits amount 65 other classic racers. It is unfortunate that a happy story also included a strong downer. After the sale of the car O’Hara willed the proceeds of the sale to her mother and then set herself on fire. This was after the deal had been done.

After the owner’s surprising demise a legal battle ensued around the car that lasted for months. When information that the car was discovered and was being sold to a private party, many buyers desperately pleaded to the judge to put it up for public sale. Even Phil Spector tried to reclaim ownership over the car stating he never truly sold the car to his bodyguard but simply loaned it to him for safekeeping. In the end the judge concluded that the Daytona Coupe prototype had already been sold legitimately to Simeone.

It’s hard to put a price on the car today, almost 15 years after the sale. The other five Daytonas – produced in Italy – are already in the hands of private collectors with one sold in 2009 for $7.5 million. It is safe to assume that Shelby’s first prototype would get significantly more due to it being the originator, the last to be in competition, and still in its original state with no replaced parts or repainting. Not too bad for a car sitting inside a storage unit for over 30 years.

Ranking The Top 25 Crazy Finds In Storage Lockers On Storage Wars

Ranking The Top 25 Crazy Finds In Storage Lockers On Storage Wars

Storage Wars the hit A&E Network reality show about a group of professional buyers and bidders going to storage facilities to buy units that have been left by their owners. The laws differ from state to state, in California the filming location for the TV series, the law states that storage units can be auctioned off for bidders if the owner has not paid after three months.

There have been times over the years where the legitimacy of Storage Wars finds have been called into question such as when one of the main bidders, Dave Hester, was caught in a lawsuit claiming he had planted items within the lockers to increase the excitement of the show.

Regardless of the validity of the finds, they do make for great television, certainly with the assortment of crazy things they have come across over 12 seasons. Ranging from the bizarre and fantastic to the outlandish and peculiar, screenrant ranks their top 25 items found on Storage Wars. Below we pick out a few of our favorites.

 

  1. The Elvis Collection
    Newspaper clippings long ago had a lot of value, but today most get their news and information online the value of these clippings have fallen greatly. However, specific newspapers that cover various moments in history can still be quite valuable. Dave Hester wound up bidding on a unit that unknowing to him, included tons of newspaper clippings from the day Elvis Presley died. With the clippings and assortment of Elvis memorabilia and collectibles, the unit was valued to be worth around $90,000. One of the largest finds on the show to date.
  2. World War II Minesweeper
    After a long bidding war between Dave and Ivy in the boiling heat of Southern California, Dave walked away with a fully packed unit using a high bid of $1500. What at first, felt like a bit of a loss bidding so much for a unit ended up being a huge victory when an old army container and the helmet was found in the unit. Upon further inspection of the items, it was determined they had uncovered an old World War II Minesweeper valued at almost $4,400.
  3. Human Skeleton
    On the spookier side of things, Dave Hester as going through a locker uncovered a collection of human bones, skull included. Given the circumstances and for his sake, he brought in an expert to determine whether or not the skeleton was real or not. They were determined to be real but not in a malicious way. The human skeleton was used for medical schools for students to study. The expert was able to determine this by the professional cleaning and nylon strings used to hold the bones together. All in all the skeleton was found to be worth over $1500.
  4. Whale In A Jar
    For a time on the show, Darrell decided with his son Brandon to go off on their own so he could teach his son the ropes of playing the storage hunting game. Unfortunately, Brandon still walked away with many dud units. One find though was quite significant and oddly strange. When picking through a unit he came upon a jar that he could only claim as “whale stuff”. Even experts after the find became baffled by how such an item would end up in a storage unit.
  5. Frank Gutierrez Artwork Collection
    Artwork is not a surprise to find when it comes to storage units. In fact, it is one of the most common items found in abandoned units, but one unit full of it ended up being one of the greatest finds in the show. Valued at over $300,000, it was as if the unit itself had been abandoned by Frank Gutierrez. Containing several pieces from the artist, we are left with many questions. How did the owner attain this artwork and why would they let it go?

Storage Unit Auctioned Off, Terrell Owens’ Loses NFL Keepsakes

storage unit auction football

Someone in Georgia just made off with a bunch of Terrell Owens’ awesome NFL memorabilia … snatching up the Hall of Famer’s storage unit at an auction … and now TO is scrambling to get it back. TMZ Sports had learned Items in Owens’ old storage unit in Atlanta were auctioned off after he stopped making payments to the company.

There was some really cool stuff, from a custom bust of TO, old playbooks, autographed helmets, cleats, and even a copy of an NDA that we’re assuming the NFLer gave to people at parties.

You never really know when you will strike gold with a self-storage auction.

Consider, for instance, Marc Smith, president of Florida-based Personal Mini Storage. Several years ago, one of his facilities was auctioning off a handful of units, and one of the bidders struck gold with a decidedly unusual find.

“The unit’s tenant just fell off the face of the earth and stopped paying. And when the winning bidder looked inside, there were dozens of boxes labeled ‘Latex Examination Gloves,’” Smith said. “The guy who bought that unit paid like $100 for it. But then he wound up selling the gloves to various places like hospitals and fire departments for almost $20,000.”

Hunting for treasure in a self-storage auction can be a rewarding adventure if you are patient and know what to look for.

Warp Speed, Mr. Sulu! Star Trek Props in Storage Units

star trek 1

If you’ve ever wanted to boldly go where no one has gone before, you might want to take a second look at furniture finds from storage units. Star Trek: The Original Series possesses a campy charm when we watch it over 50 years later. These were the old days of TV production when custom props were no more than slightly altered everyday objects. Because of this, the future doesn’t always look particularly futuristic; a fact that Dax nods to during the classic DS9 episode “Trials and Tribble-ations.

Take Kirk’s chair, for example. It’s a receptionist chair manufactured by Madison Furniture Industries. The original captain’s chair used on the Star Trek set sold for over $300K at auction in 2002, but if you’re handy, you can make your own using the ubiquitous office chair as a base.

The Enterprise briefing room was furnished less elaborately than the bridge. It’s easy to give any place a 23rd-century feel with Burke chairs, models 115 and 116. Dress up the chairs with a few triangles, and you’re ready to explore the galaxy.

Even if you’re not a Trekkie, you can take advantage of this Hollywood intel to market old office furniture to those who might want to reconstruct old set pieces for themselves. Finding these chairs in a storage unit won’t be quite as profitable as finding original props, but you might be able to put some gold-pressed latinum in your pocket nevertheless.

As a lasting pop-culture staple, Star Trek memorabilia is still selling strong. How can you tell if something is an original prop or a replica? You could look for manufacturer labels. Or, you could look for Tootsie Pop residue courtesy of Mr. Spock. According to props master John Dywer, Leonard Nimoy found it perfectly logical to stash lollipops in the tricorders used on set.

Live long and prosper on your next auction journey.

Read More: Getting Started Reselling Toys from Storage Units