Due to a very hectic schedule I have unfortunately not had a chance to attend many auctions so far in 2011. As a result, I’ve only acquired two units so far this year.
The first was a very-small 5×5 with mostly visible contents. Everyone could see a Bowflex Treadclimber that appeared to be in excellent condition, some bubble-wrapped artwork and many neatly stacked boxes. I liked this unit because it was small and would be a quick and easy load for the ride home. The carefully secured artwork intrigued me somewhat as well. I ended up taking it for $220 and would have had it for much less if one of the other regulars had not needlessly run up the bid. You can usually tell when an uninterested party is bidding simply to make you pay more. If, after a period of bidding, you act as though you are not sure if you want it at the current pricing, and hesitate but then enter another bid, the person who had been running it up will usually drop out immediately.
Strangely, the person running it up was one of the regulars, and it surprised me that he was not also interested in the artwork of the nice Bowflex sitting out for all to see. I sold the Bowflex on Craig’s List for $600. The artwork turned out to be 3 framed Italian antique mirrors, each with a pure silver relief sculpture in the center. Although these were probably worth close to $1000 as a set, I let them go for $500 via another Craig’s List ad; they were rather “unique” looking and I didn’t think they would sell quickly unless priced right.
Other items acquired through this unit totaled around $500 in sales; not bad for what amounts to an afternoon worth of work.
The only other unit I’ve snagged this year was 10×10 won for $700 in February. At first glance, I thought this unit had potential; the only items visible were many boxes and plastic tubs. I spied some new-in-box power tools in the back of the unit that resulted in my decision to win the bid. After processing the unit at my house, I found mostly arts and crafts supplies, Christmas decorations and a few tubs full of dollar-store items. That unit was a gamble and I lost the bet. It will result in a nice tax wrote-off though, and there’s a local elementary school that is now rather well-equiped with art supplies.
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