My legend dates back to the 12th Century you see. My legend is quite old. The 12th Century was a long time ago. It was summer and so cold from the snow because it was actually winter or maybe it was Monday. It could have been a Thursday or possibly a Saturday or was it Tuesday though it could have been Wednesday or a Monday.
Little would they know all there was behind those boxes would be about $400 of warehouse racks.
I'd never done any storage auctions until '09. At a "good" storage facility, a crowd might be as many as 30 bidders. If you were in a "bad" town or out in the boonies, there might be 5 bidders. Maybe 3-4 months after the shows started, I noticed consistently larger crowds and increasing bidding which drove up prices. I was going to standard live auctions too and "regulars" were bitching mightily about the influx of new people. Unemployment was going up and that likely drove up the crowds also. I don't go to storage auctions anymore.
I found them depressing and likely just broke even on what I got. The main issue for me was storing what you won and getting rid of the junk you don't want. Most storage places will not allow you to use their dumpsters, you have to pack it all out. Further, it needs to be gone ASAP. If you don't have a cube van, things get dicey. The bulk of what I saw was bags/boxes of clothing, Wal-Mart grade bikes, tube TV's, smelly couches, and questionable mattresses. None of which I really wanted to haul away or deal with. The only ones I would go after were ones with tools or obvious antiques. Tool lots always got bids but people tended to be skittish on antiques so I got a few of those lockers before things got nuts. Could there have been good things hidden in amongst the broken furniture and garbage bags full of old Tupperware? Sure. But I would bet most times not. If you had a locker and it had real valuables in it and, you knew you were going to stiff the rent, wouldn't you go back and get the high-value stuff before you walked?