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Saturday's Auction
Spent $385
Made $850
Gas $50
You do the math and tell me auctions are not profitable
Bought Saturday Hauled Sunday and Monday
I posted this because I remember somebody said it wasnt worth the time and effort
To me it's the easiest way to flip alot of scrap and make some decent money
What all did you buy?
500lb server cabinets, old filing cabinets and metal office furniture, water fountains etc....
Good score!
Nice. Is there a buyers premium and did you include it in your price?
No premium at govt auctions
So you netted $415? How much time was spent?
Their ignorance is our bliss.Quote:
Originally Posted by mikeinreco
I love auctions but it is easy to lose money bidding on boxes the are sealed.
Lost $850 at an auction a locker full of boxes from sony and LG. Thought I hit the motherload, turned out to be boxes of new arts and craft supplies. Darn it.
So we figured the girls at the local woman's shelter would like it. We brought the truck load to them and they loved it. Was just before Xmas and they made Xmas baskets and sold them to fund there Xmas party for the kids.
That good karma came back to us ten fold.
Some gov't auctions do have a premiums and could be as much as 15%. what gov. auction was it? Some auctions can be gold mines. I would never bid on something without seeing it first.Here in florida summer time is the best time to buy at auctions, all the snow birds go back home. Anyway great score.