ken gholar wrote:
Good, atleast you dont treat me like a novice on the NAA board. Because they make it seem like there is no such thing as an auctioneer under the age of 50!
First and foremost, It'll be good if storage sales, (not storage auctions) started on time as advertised. Real auctions are what I like, no reserve and no set price. --when I sell on eBay 99% of items I start at 99cents with no reserve.
If you check the laws, a RESERVE auction IS a REAL AUCTION. In fact, the law states that ALL AUCTIONS ARE CONSIDERED TO BE "WITH RESERVE"
, unless OTHERWISE advertised as Absolute. (YES, this also applies to storage lien auctions, as well.)
On Ebay, if you start your item at 99 cents, then THAT IS your reserve
This is one of those misunderstandings about auctions, as well... I'll often see someone start a "high end" item at $99 or $299, etc. and then indicate in their heading and/or description that it's a "NO RESERVE" auction! It doesn't matter if you start it at 99 cents or $99, that is the minimum starting price, i.e. "reserve". The only way you could have a "no reserve" auction on Ebay, would be to start the bidding at 1 cent.
I don't understand your comments about "no such thing as an auctioneer under the age of 50" or "novice on the NAA board". Please explain.
I must note that you aren't any more aware of the laws that cover Storage Lien sales, anymore than you demonstrated you minimal knowledge of general auction laws, in your previous posts. It appears that you are only trying to find fault with anything in the auction industry that doesn't meet your own limited views. You views doesn't mean you're right, if you don't understand he intent of the laws.
From your posts, it seems that you think almost everyone is dishonest... everyone is out to screw you over.
While there are a FEW storage managers that may be dishonest, and may go through the units and take items (which is stealing), the majority of them comply with the laws. They are not "getting over" on anyone, either. They are only trying to get their money due them, and get the unit cleared out, so they can't rent it again. Of course, if the sells for more than is owed, they have to send the difference to the OWNER of the goods. Of course, if YOU were the owner, and found yourself out of a job, lost your house, put everything you had in storage... in the hopes of getting back on your feet and into a new home, BUT your luck didn't get any better... NOW, ALL OF YOUR STUFF is being sold under storage lien laws... YOU would probably be crying about how dishonest those people were, "stealing your stuff".
I've bought many of these units over the years. And while I'm in business to make money, it still causes me to think about the poor folks who just lost their life's possessions, usually due to some unfortunate circumstances in their life.
So, if the storage manager puts a reserve on a particular unit, it may be due to a variety of reasons... whether they are hoping to get a minimum of what they are owed, or whether they may have got a call with a promise to pay and if it doesn't meet the minimum, then give the owner another chance to claim their property or any number of other reasons... they are within their rights to do so.
By the same token, there are no requirements for a storage manager to sell the unit. They can wait forever, if they wish, for the owner to pay their debt. The law is only there to give the storage manager the "OPTION", and there are specific laws they have to comply with prior to selling the contents of the units. From my experience, 99% of them are quite honest and comply with ALL of the laws.
Ken... you need to "get over" your "victim" mentality and quit finding fault and blaming everyone for what you think it wrong. It may be that it's YOU that is WRONG.
Professional Auctioneer & Auction Marketing in the 21st Century