What Is a Self Storage Auction?

What is a self storage auction? Defining a self storage auction is actually pretty easy; it is the act of auctioning off contents that are contained inside of a self storage unit. It is the process of the auction itself that is a lot different than what is thought of by most people when they think of auctioneers and bidders. In a general auction, bidders usually have access to the items, can see each item and sometimes bidders can even preview the items so that they can try to determine the value before bidding.

Self storage auctions work a lot differently in several ways. First, the items within the self storage unit are not auctioned off individually; the contents are auctioned off as a whole. This is done so that the storage facility does not end up with any items left over from the sale.

Second, there is no preview of the items before the auction starts. Bidders are not allowed to touch, see or try to assess the value of the items that are located in the unit. Due to this, it can be a difficult task trying to determine how much the items contained within the unit are worth.

Also, once the bidding begins, those who are interested are not even allowed to step inside of the unit to look at the items. The bidders must stay right outside of the unit and they are only allowed to look in. Depending on how the items were placed in the unit, this means that some of the stuff might be buried under other stuff and the bidders would not even be able to know what is under all of the stuff on top.

At first, one might wonder what all of the excitement is regarding self storage auctions then, especially if the items cannot be viewed, researched or assessed prior to or during the bidding process. However, the mystery of what’s inside is part of the appeal for those who attend these types of auctions. Antique type businesses and those who resell items attend these auctions to try to find items worth of value. Even though sometimes they walk away with items that are not worth much, it is still a competitive and fun event to be a part of.

Factors to Consider When Using Online Auto Auctions to Buy a Car

Are you looking to buy a car? Whether you are a single car buyer who only needs one vehicle or a car dealer who just opened for business, you may consider using online auto auctions to get a great deal. If this is your first time going this route, please keep these important points in mind.

There are hundreds of auto auction websites out there. On these websites, you will find a variance among the type of auctions hosted. While they do follow the general auction-style format, you will notice a difference. For example, eBay.com is an online auction website. Users can list vehicles for sale on eBay Motors. These vehicles are listed by a wide range of people; some dealers, some avid eBay users, and other are first-time sellers looking to tap into the growing popularity of eBay.

On eBay, you are more likely to find inaccurate and incomplete information as it is the individual seller who is likely placing the listing. On the other hand, an experienced auto auction house is likely to include more information, detailed information, as they know what buyers expect. This does not mean that you should avoid user generated listings, like those found on eBay.com. What this does mean is that you should be prepared to ask questions; lots of them.

At physical car auctions, you’ll find that some auctions are open only to licensed or certified dealers. You may come across similar auctions online. Don’t be discouraged if this is all your internet search pulls up at first. Dig a little deeper and you will find car auctions online that are open to the general public.

As with physical car auctions, you will typically find a numbers of fees tacked onto your buying price. It is important to keep this in mind when placing your bid or while in the mist of a virtual bidding war. Read the auctions full terms and restrictions head of time; will you be charged a 10% auction fee or buyer’s fee? If so, keep these fees in mind when calculating the overall purchase price.

You will find hundreds of legitimate online auto auctions; however, you will also run into a few scams as well. For example, eBay.com is a well-known target of scammers, as most items are shipped through the mail. Vehicles can be shipped via a transport service; therefore, risks do apply. It is always within your best interest to use your best judgment. Moreover, eBay sellers and many well-known auction houses will enable you to come and quickly inspect the vehicle before bidding, but you need to ask first.

As previously stated, there are a wide range of auctions for cars online. eBay.com is home to mostly new or used cars that are in great, drivable shape. When researching online, you will also find some auctions where the overall shape of the vehicle isn’t clear; you are agreeing to buy as-is. In this case, the vehicle’s VIN number is important to determining if the vehicle has a clear title. It is easier to attend virtual auctions, but the same level of organization and research should be performed ahead of time.

How to Buy Antiquarian Books at Live Online Auctions

Bidding on antiquarian books at live online auctions is sometimes a bit difficult. That’s because unlike many other objects that you might want to bid on, you are relying on the seller’s description rather than actually seeing the books for yourself. So how can you tell for certain that what you are getting is the real thing and not a clever (or not so clever) fake? Well, just as with a traditional auction, there are a number of techniques that you can use and they all involve being a careful observer. Here’s what you need to know in order to make an informed decision about purchasing such books online.

Look at the Auctioneer’s Reputation

While it’s always important to check on any auction you are working with to make sure that they are reliable and that they don’t have reports of complaints against them with the Better Business Bureau, here we are talking about something else. Antiquarian books are a fairly unique thing to be involved in the selling of. While you will often find 19th and early 20th century books for sale from generalized auction houses, older antiquarian books can be quite rare and are not likely to be offered by your friendly auctioneer who was last week offering up wax figurines of angels from some sweet old lady’s house.

Now, we’re not saying it can’t happen. Maybe the sweet old lady happened to have a family Bible that was handed down for the past 300 years. However, typically when something like this is offered for sale, it’s sold by a specialized auction house that knows the market and knows what these things are worth. This is to the benefit of both the seller and the purchaser since you don’t want to get ripped off by a fake and the seller doesn’t want to get stuck selling for much less than an object is worth. Therefore, it’s worthwhile to check the reputation of the auction house holding live online auctions to make sure that they deal in such objects regularly.

Look for Telltale Details

While it’s always harder to find details when looking at photos as opposed to the actual object, most people selling antiquarian books understand that condition is everything and they will take lots and lots of pictures. If the book is a 19th century volume, look for the inevitable yellowing and damage to the spine that will have occurred. It was during the 19th century that acid paper, which is cheaper to make, started to take off, and is known to not last long. That’s why books from the 17th century can appear almost brand new (acid free paper) while books from a little over 100 years ago look like they’re falling apart.

Learn About Markings

In addition to these, it pays to educate yourself about marks that should appear in various books. For example, if you were looking at Jewish books from Eastern Europe from the 19th century, they would likely have a mark from the Czar’s censor saying that the book was approved. Without the mark, the book may have been published underground. However, more than likely you should look for other live online auctions selling similar objects since it’s probably a fake.