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RE: Flea Market/Auction Business - 228

in #money6 years ago

I helped out friends who owned an auction company - two days a month for three years. The best stuff i saw was from a family of hoarders. Five generations of them. They never threw away anything besides trash. They were clean but didnt throw stuff out. Ever. Once the house and barn was full/outdated, they built new ones on the property. A total of 3 houses, a cabin, 2 barns, and a few sheds full of stuff - like time capsules stuck in time when they locked the doors and moved next door. It took a team of seven a week to move stuff to the auction house, clean, catalog and price. The best items were an 1839 breakfront which sold for $90,000 and a kid's tin toy in the box from the 20s. I think it sold for about $6,000. The family cars and trucks were not put up for auction but there had to be at least a dozen - almost all British and sports cars, which I found odd for an old southern family in a tiny Georgia town.

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Amazing story. I wonder what the auction total came out to. I definitely do not want to turn into a hoarder! lol I am selling some of my stuff.
$90,000 for a bookcase? OMG
https://www.christies.com/lotfinder/Lot/a-regency-mahogany-breakfront-bookcase-by-wpriest-5648872-details.aspx
This one kind of looks like a China cabinet my grandma had.

That one is attractive - this one was tall and narrow, about 10 feet tall so you needed a special place.
The stuff went through two big auctions, and then the smalls and box lots were still being mixed in to the regular auctions for at least six months. The guy probably got around $350,000 after the sellers fees.

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