The highest I’ve ever paid was about $1500 on a 20’x20’ locker. Full of very promising looking items, which turned into a total bust. The gaming machine was water damaged and broken, the Coke fridge had a huge dent in the side we couldn’t see, what looked like a cutting torch hose turned out to be a heavy duty electrical wire painted red, what looked like a portable dishwasher turned out to be an old white metal cabinet with a wooden top, the expensive looking gumball machines turned out to be cheap plastic ones, the vending machine was rusted shut, etc. Usually this type of unit would have been great, but evidently it was someone who liked to grab interesting stuff from the dump.
It was worth the gamble because of the size of the unit and all the items that we could see, but it just one of those units that trick you when you bid online from just looking at photos. It’s going to happen from time to time…
I keep track of users and how much they pay for units, and I have seen a lot of people pay over $1000 for box units just because the boxes say something interesting on them. I can tell you this -the people that do that, usually never bid again.
I saw a user bid $1500 on a 5x5 unit that had a gun cabinet and a safe in it… Poof! never saw their name again. It happens all the time.
Unfortunately, there is always a new user that takes their place. My advice: Bid only on what you can see, and know how much you can actually sell stuff for in your area. Also, learn how to read a unit. What you see up front, is usually what is buried in the back. If they stored it like garbage, it usually is garbage. Safes, gun cabinets, and Tv boxes are always empty. Flat screen Tv’s are always broken -that’s why they are in there. Appliances like refrigerators and washer/dryers are usually on their last leg. Boxes are usually full of office supplies, knick knacks, or kitchenware.
The best units are full of seasonal items like lawn mowers or hunting/fishing gear. Also, guy units are good. The ones with tools, generators, and gas cans. Business units are good. Collector units are good. Nice looking furniture units can be good sometimes.
Stay away from young mom units full of baby stuff and toys. Nobody wants to put their newborn in something that mice have been crawling all over. Grandma units are also bad, everything is outdated and cheap. I run away from units with crutches and walkers.
I have a partner that I work with, and when we buy units we figure out our high bid, bid once near the end of an auction and leave it at that. People that bid to win, or bid on stuff they can’t see, don’t last long in this business. We just had our first yardsale of the year and raked in over $7000 profit from our winter units. We made about $18,000 last year with our 3 yardsales. Thanks Bid-13!