As some of my followers know, I haven’t had much extra time this year and as a result I’ve only been getting out to a couple storage auctions each month. Unfortunately I’ve been hearing about some great units I’ve missed as a result. Last month, a regular who I’m friendly with pulled me aside and asked if I had heard about this unit going for $27,000. My response was a rather shocked “No…go on!”. Apparently several deep pockets were in attendance for an auction in February that included two 10×20 units being sold together.
My friend told me when the doors went up, you could smell the 1800’s and all you could see was wall-to-wall antiques, art, memorobilia, old clocks, books and similar treasures. These units were absolutely packed; everything visible appeared to be high-quality, high-value items. Like many auctions where two or more units are owned by the same person, each locker was auctioned separately at first, for a combined total of $9,000. Then the auctioneer gave bidders a chance to purchase both units at a higher price, with bidding starting at the $9,000 mark. My friend jumped in at this point with a $10,000 bid, however, he quickly stepped aside as the frenzied action went straight to $20,000. It then slowed down some as two bidders dueled for the unit. A guy I know, a real regular at these auctions (having been at them for well over a decade) won the units for $27,000!
I saw this gentleman a few weeks later at another auction and told him how he was now a storage auction legend, instilling fear in other bidders who had heard the story or were there that day. He laughed, and, being the friendly type that he is, was quite open about what he had found so far. Items included lots of antiques, papers and items from the civil war, a variety of documents signed by a total of seven former Presidents and a cane belonging to Harry Truman. He went on to tell me that the contents of the unit had been untouched for over a decade and were previously owned by a World War II General who was well-connected and enjoyed collecting valuables of historic interest.
Strangely, I have won several lockers bidding against this same person in the past and never knew he had the financial resources to pull down high-dollar units like these. I wish I had been there to witness the action…
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