I finally managed to hit a few recent auctions after having been away for months. This past summer I was married, bought a house and moved, then had my first child, all within a two-month period. Needless to say I haven’t had time for much else, including storage auctions.
I’d been eyeballing the calendar this entire time and trying to plot a good day to get away. I found a set I liked and managed to create some free time last week. I went to four auctions that day and found things to be pretty much the way I left them. Still large crowds (the smallest auctions that day had approximately 80 people) and inflated pricing. Saw a lot of junk units but also one great-looking locker that had at least five or six antique pieces in it. All appeared to be in great shape. It went for $1700…ouch. Just over a year ago there would’ve been thirty people at this auction, if it were a busy day, and I would’ve snagged that unit for $700 at most.
Although the antiques market is a little depressed, I’m sure the buyer will still do well with that unit. Profit margins aren’t what they used to be in this “business”, unless you get creative and manage to find those auctions that don’t get much publicity and still attract a couple dozen attendees at most.
I’ve got that itch again…I’m sure I’ll be picking up a few units before the year is out.
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