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I searched high and low for auctions near to me in Wyoming. I ended up finding one. However it was an industrial auction. A lot of busniess in Wyoming are based on the oil field and many of them are going under. I ended up buying 3 5 HP gas motors for 3 bucks each. When I got home they were not working so I watch some youtube vids and eventually got all three running. I had an offer for 40 for each one. Next at the auction i bought a huge industrial pump for 5 bucks. I later found out that they are $800 new. No idea how I am going to sell it yet. There was a hidden gem in the auction. Who ever was selling this stuff was also a big game hunter so there were a bunch of animal skulls that came up for auction. I knew skulls can be expensive so I ened up winning all of them. The grizzly bear skull alone is worth $300 to $350 (I paid 100). I got black bear, wolf, bobcat, mountain lion,beaver and… a baboon skull! Well it turns out that ebay does not all anything related to bears to be sold. When I looked it up on ebay they are all replica bear skulls. I also have to go to game and fish and get a special tag in order to sell the bear skull locally. Hopefully I can pull this off, otherwise it will be an expensive mistake!
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Congratulations! I don’t see any mistakes, just some creative issues. Once they are overcome, you are golden.
I recently bought a lot of 24 items that I have no idea what they are. They are techie power distribution units for large scale computer racks. Our buy in per unit was just under $58 each. They were all new in box and retail between 2k and 2.5k. They are about 30 pounds each and about 8 feet long. When we bid, all I knew was that I wouldn’t go over $80 each and that they would cost about a benjamin a unit to ship UPS.
I have no idea what they are truly worth or how/where I would sell them, but I saw value.
Finger’s crossed for you my friend! The challenge, and recognizing value is what it is all about.
David
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Great example. We always know how much “fun money”: we have to spend at any auction. This allows us to make educated guesses on lots of items. We’ve never lost money. And as you point out, sometimes we hit it big.
Your experiment sounds like it could really pay off. How will you figure out what these items are?
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We’ve pulled the specs sheets and the description from the manufacturer catalog. We’ve popped a listing up on eBay, but my guess is that we will have to get a bit more “industry specific” in our sales attempts? That is where we are at right now. It’s different. It’s a new challenge. And it should pay off.
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Not an auction story, but I just went to the second day of an estate sale with a group that will let me start loading up before 1/2 off Saturday.
We’ve wanted to start learning about old records and have eagerly been reading everything here on SL about buying and selling records. I have kept my eye out for rock and metal records as that is what I know but really wanted to start learning about old vinyl in general.
Anyway, back at the ranch….
I walk in and the deceased guy was a true artist and world traveler who had very eclectic tastes. The estate sale folks were discussing how they were going to have to remove the large record collection tomorrow and what a pain it would be. I volunteered to remove them all with the understanding I may donate them all just as they were going to.
THe records are an incredible assortment of jazz, blues, show tunes, and some early radio shows.
I loaded over 500 records that I know nothing about and paid nothing.
Now the education begins.
I may donate every single one of them when I am done. But my effort will be my education and I have no doubt I will own a confidence about records in the future.
So when you sell the skulls you will be educated and own it. It’s a beautiful thing.
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You can try researching highest sold vinyl records by category I think such as Jazz, blues, rock, etc. That should give you an general idea of what to look for.
I do know that some Jazz records that were originally recorded in “mono” can be valuable. If the record(s) were recorded in “mono” that word should be imprinted on the vinyl record decal and/or the outside of the record. Some of these records were later re-recorded in “stereo”
One name I know to look out for is Stan Getz.
Also, if you find any records, regardless of who the artists are, “sealed” never opened that can increase value significantly.
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Jawa,
I am glad you found something. I have been to Wyoming several times and figured there had to be some good outdoorsy stuff around somewhere. Keep looking for camping gear, equestrian equipment, ski’s and boots ect..
Did you ever check your local government for auction, schools, water authority etc? We have had some great finds buying surplus government material.
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