If you are a fan of the reality TV show “Storage Wars,” you know that when people fail to pay their storage fees, the contents of the storage units get auctioned off. It may seem like something out of a movie, but auctions like these actually happen in real life. Keep reading this article to find out how and why these auctions occur!
How Do Storage Auctions Work?
When someone fails to pay their storage fees for a unit, the property is auctioned off to the highest bidder. The bidding starts at $25, and if there are no bids above that amount, then whoever puts in the minimum bid gets it for the lowest price. At Yellowhead Storage, our auctions are open to anyone who would like to participate. Reach out to us to find out about upcoming online auctions so that you can plan accordingly.
What Is Inside Storage Units?
The main draw for many viewers of Storage Wars is discovering what could possibly be inside abandoned storage units. Many times people forget or don’t realize what they have stored away until they come across it again by accident. Also, due to unfortunate circumstances such as death or bankruptcy, some people need to quickly vacate their properties without taking everything with them, leaving behind some valuable items in storage units such as jewelry, antiques, artwork, or electronics.
Why Would Someone Abandon Valuable Property?
It is hard for some people to comprehend why someone would abandon valuable property, but there can be several reasons why someone does not take their possessions with them when leaving a property or unit behind. People might be unaware of what exactly is inside a unit since sometimes it can take years before an auction occurs, and during that time, they might not remember what they stored away in a unit or simply cannot afford to collect it due to financial difficulties.
Storage auctions are an exciting way to discover hidden treasures and potentially even get those items at a discounted price! We host regular storage unit auctions online so you can participate. Whether you are looking for something specific or just browsing around for fun – our storage auctions provide a unique opportunity for anyone who wants to join in on this experience! So don’t wait any longer, and ask us about our upcoming events today!