Attendance at auctions of items in storage units whose owners have failed to pay their bills has soared thanks to the popularity of “Storage Wars,” “Auction Hunters” and shows like them, as have prices for the goods inside them. SquareFoot.com, which tracks the industry, reports that one of its clients has seen units that once fetched $75 to $125 command prices of as much as $500. The size of some crowds at sales has quintupled.
Not everyone associated with storage auctions is happy with how popular the auctions have become.
So true…however some people welcome the larger crowds, like this auctioneer who reported making $6,000-$30,000 a week thanks to larger crowds and higher unit prices:
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