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Trash or treasure? The allure of storage unit auctions

by GARY REAVES / WFAA-TV

wfaa.com

Posted on November 20, 2009 at 11:37 PM

Updated Saturday, Nov 21 at 2:46 PM

A pair of storage buildings in Dallas and in Denton seem unlikely places for a treasure hunt, but when auctioneer Jackie Sutton comes to call, any day could be someone's lucky day.

Sutton sells off whats left behind by people who could not pay their rent on their storage spaces. The law gives them 30 days; some companies give them 90.

What will potential buyers find?

"I've seen everything under the sun," Sutton said. "I've seen prosthetic legs; wheelchairs; I've seen cars, motorcycles."

It's a sad symbol of our sick economy, but for savvy shoppers like James and Julie Smith, its a chance to cash in on the misfortune of others.

"Someone that hits rough times could get one of these and furnish their home for a little of nothing," Julie Smith said.

Of course, there are catches. Buyers get just a minute to peek inside before the bidding begins. Veterans are sure to bring flashlights.

But even when they can see something good (like bicycles or stereo gear), it's still a gamble.

Richard Tisdale said he's had some luck "from time to time," but added: "There's also a lot of trash."

It's often the memory of a big payoff that keeps buyers coming back.

"I got $400 worth of gold and silver and a jewelry box," said Allen Fetner.

A sealed trunk went cheap — just $5. Larry Lovett was the winning bidder.

"Aw, it's just personal papers," he said as he pried the lid open.

But Lovett did better with his bid on the contents of another storage unit.

"Four wheels and a couch; that's a good deal," he said — all for just $80.

Oh, there is one more catch. Trash or treasure, winning bidders have to take it all, and leave the storage space clean for the next tenant.

E-mail greaves@wfaa.com

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