Picking with Reyne – Vol 11 – By Reyne HainesJuly 12th, 2010 by admin
Over the years I’ve heard about people buying unclaimed storage units. I often wondered why anyone would bid on something like that…until recently.
Had I really given it any thought, I would have figured it out. People rent storage facilities for things they have no place for, but have enough value to warrant you to keep them.
It also dawned on me, that depending on the size of the storage facility, the difference in how much they were paying each month. So, you’d at least have an idea of the value of the items in the unit by how long they had it, and how much they had paid. For example, I lived in New York for 4 yrs. I didn’t want to move all of my furniture to New York from Houston at the time, along with boxes of my great grandmothers fine china, some older stuffed animals, records, etc. If you think about how much I paid in monthly rent for 4.5 years…well…you see where I am going with this.
Now before you rush out and start bidding on this week’s storage lots, keep in mind its not all fine antiques and vintage cars kept in those places.
Last week, a picker friend of mine bought a box of Ferragamo shoes, a pair of authentic Louis Vuitton trunks, and an array of Chanel, Hermes, and Missoni clothing (thanks so much for the great buys!)
A friend of his found a pair of “Blue Dog” paintings (yes, I still want them when he makes up his mind on price).
Another buyer wound up with a car, and a dead body. I kidd you not. Fortunately he had not paid for the unit when the body was discovered. Yes, he would have forfeited his money had he.
I think you should keep in mind the location of the units (what part of town), how long have they been renting, and some even let you peer in (not dig through) the units before bidding.
I’d love to hear your storage unit stories…post them here if you would!