Cutting the Padlock

News & Strategies for Storage Auctions Success

Posted on by Casey Hildreth


There are few things as satisfying as winning a valuable storage locker, and turning a profit on it. But it's not always about making a buck. Auctions can be very exciting  for a multitude of reasons. Sometimes it's the fierce competition between bidders; the breakneck cadence of the auctioneer's voice; the thrill of winning an item;  the resounding thwack of the auctioneer's gavel as it declares a victor. Those reasons, and more are what keep us coming back time, and time again. With all the excitement that takes place at auctions, it's no wonder that some items are auctioned off at extraordinarily high prices. For example, a Picasso painting was auctioned at a record breaking auction price of 106.5 million dollars in 2010. The painting, Nude, Green Leaves and Bust, was created in a single day in 1932. Another Picasso piece had set a previous record high price at 104.1 million in 2004. Wouldn't you like to find a Picasso in your next storage locker? I know I would!

picasso

Stan Honda / AFP / Getty

While it's unlikely that anyone will be digging Picasso paintings out of a self-storage unit, that does not mean that the average auction bidder can't get their hands on one for a price that doesn't make their head spin. Picasso's 1914 piece, Man in the Opera Hat, was sold in 2013 at a Paris auction for an astonishingly low price of $138! Jeffrey Gonano, a 25 year-old man from Pennsylvania was the lucky winner of the painting, valued at 1 million dollars. Now that's how you do it, Jeff!

picasso painting

What are some hidden gems you or your friends have found at auctions before? We want to hear your stories!

 

Sources:

-The 12 Weirdest and Rarest Items on the Auction Block Last Year
-Huffington Post
-http://www.huffingtonpost.com/2014/01/01/weird-auction_n_4519976.html

-Top 10 Most Expensive Auction Items
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Time
-http://content.time.com/time/specials/packages/article/0,28804,1917097_1917096_1917100,00.html

 

 

Posted on by Casey Hildreth | Posted in Item History, Just For Fun, Updates | Tagged , , , , , ,


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About Casey Hildreth

Casey Hildreth is the Media Coordinator and IT Project Manager at Storage Unit Auction List. You can find him on