Tuesday, December 28, 2010

Storage Wars TV Show


Storage Wars Fascination Continues

Storage Wars is the new hit series on the A&E network, and it's a show can unveil hidden treasures. That's the fun and mystery of this series. The program follows several regular buyers, men and women who participate in auctions for storage lockers that have not been paid for in at least three months and therefore have their contents put up for auction.

A big part of the fascination is seeing who these storage treasure hunters are. Some are thrift shop owners that look at it as strictly business, while others are everyday collectors viewing it as a hobby. For some, it's the future of their family, and they take it very seriously.

Anytime a locker is up for bit, it's a bit of a guessing game because the bidders do not get a chance to examine the contents. All they get is a look from the entrance of the locker. What they see may be all they get, or maybe there's more inside than they realize.

One episode took place in Cerritos. On the surface, it had a lot of camping gear visible. Another had electronic equipment that was easily seen. Not so visible was a safe, but would the contents be valuable or might it be empty? That's the gamble that is involved with this business/hobby.

There were some winning storage lockers. One was full of brand new electronics, like a stereo system. Another was full of a coin collection that brought a huge return on the price paid. As the auction winner said, this was 'the wow' factor.

We see in this episode that there is method to the bidding, as well as a lot of competition. Sometimes people will bid just to drive the price up for the person who really wants the locker. The lesson learned? There are few friends in storage wars.

In the fourth episode of the show, the action took place in Huntington Beach, California where it was expected that the lockers would be a home to high end goods, so the bidding was fast and furious. Some went remarkably low, like $275, while others went for almost $4,000.

Was it worth it? For one, it was as he discovered in a questionable purchase a sports collection with mint cards and balls. His gamble paid off big time. Even better, the man who paid $275? He found a mini-baby grand worth $12,000.
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