Each facility is different. Legally the facility owns the unit once it gets to that point and can do whatever it wants with the unit. Some of the mom and pops facilities keep the units for themselves and sell the stuff piece by piece. Most of the bigger companies auction them. My area manager comes down and we cut the lock on the unit, take pictures and then run what the contents are in the local newspaper. About 6 weeks after that if no payment has been made we sell the unit. Some places cut the lock right there at the auction. We don't go through the stuff though, almost all of it is crap to be honest.

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Posted by Palm Beach Tiger

Orlando, Florida

Member since Jan 2007

30102 posts

Posted on 3/1/12 at 7:59 pm to iwyLSUiwy

quote:
What I absolutely hate about the show is how they value stuff and the money it shows them making of the unit goes up and up and up.

"O here's a brand new never used VCR. That's $50 bucks right there."

"Here's some womens clothing, that's an easy $300 right there."

Really? Every single show I'm like o give me a freaking break there's no way anybody would pay that for what you just claimed.

Jarrod and Brandy paid like $10,000 for a unit with three four wheelers. I buy and sell four wheelers for a living while I'm in college. Bought and sold 12 in the past year just doin it part time. They take these quads to a "four wheeler expert." I know exactly what they bought. Two 2005 Yamaha Warriors 350's and one 06 Yamaha Blaster 200. They don't make any of those bikes anymore. The guys like "Well on these two, your looking at about 4 grand a piece. And on this blaster right here you're looking at an easy 5-6 grand." Really dude? They would be lucky to get two grand for any of them. On the high side. They easily lost $6,000 on that purchase but according to the show they came off with a $5000 profit.

All of them overpay for every unit.

Yeah, I deal with these thrift shop people quite often, not to mention I know a bit about it myself. The prices they quote this stuff is worth is the most ridiculous part of the show.

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Posted by Fewer Kilometers

Baton Rouge

Member since Dec 2007

38425 posts

Posted on 3/1/12 at 8:39 pm to iwyLSUiwy

quote:
quote:
Met someone local that bought a unit that had a comic book shop's inventory stored in it. She got bummed out when I explained to her that she'd have to put it up on eBay piece by piece to get the full value.

How much did she pay for them?

She wouldn't tell me. Wouldn't tell me where they were from either. She was paranoid as hell. She thought that the owner of the unit was trying to find her.

She also told me she was building a shed in her yard to store the comics. When I told her the shed would have to be semi-climate controlled or the comics would rot, she laughed at me.

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