why I hate auctions

[scrapping4ever]

So I'm at this school auction today and there are these"bigshots" with a crew of guys buying everything for a ridiculious price 10$ for file cabinents and like 60$ for room full of desks like 60$. Then I got thinking he probably gets dealer price-a raised rate at the scrap yard. but still after time and labor his profits would pretty low-what do you think?

[KzScrapper]

Yes, they are getting better then street price and sometimes it can be substantial. They may also have the space to store them till the market comes up...buy low sell high.

[cobre collector]

Not everyone at an auction is buying stuff to scrap. There is a huge amount of profit left over on a room full of desks at $60, if you don't scrap them that is.

[bigdog72]

auctions- you win some you lose some

[Mechanic688]

I would say that "bigshot" was turning stuff, you know, reselling.

[Libertytow]

i buy stuff like that all the time there is more profit there than you think

[happyscraper]

Be the bidder,be the buyer

[VERYOLDGUY]

You did the right thing though. If you do not have the resources yet to turn the profit. Don't bid.
First rule - If you have any left at the end of the day. You bought too much.
Second rule - If you are out of stock at the end of the day. You did not buy enough.