Biz Minute Video: You Can Get Deals and Steals at Auctions!

Written by John Comments
Last Updated November 14, 2008

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Today, I was driving down the street and saw a “going out of business” auction sign. I just had to do a u-turn and see what all the fuss was about. You may see many more of this type of business auctions going on this year and next year as things slow down.

Now, I know how unfortunate it is for business owners to fall victim to this hard economy and unless you make SUV gas guzzling oversize family tanks in Detroit, they may not get a government bailout

But you can help them out by attending the auctions and help your self as well! Check the local papers for announcements and plan on attending one or two, you may be shocked by what you can acquire!

del.icio.us Tags: ebay,auction,local,deals,cheap,discount,newspapers

crystal wells

I loved your video. As a long time auction attendee, its great to see the excitement as someone talks about their first auction. My Scores in the past for business..
200 feet of wooden shelving units for $5.00 - 100 bags of peanuts for $10.00 - Plastic bags that I've been using now for 10 years $3.00 and one time I got a library (at least 10,000 books) for $10.00

Want to refurnish your entire house? Try a storage locker auction. They auction off entire contents.

And if you are not buying for resale, or your business, I can tell you that it virtually almost always cheaper to buy antique furniture that is quality (not press board) at an auction vs. buying it new. You get a great piece of furniture, at a fraction of the cost of new, AND its 10 times the quality. My bedroom set has solid drawers (when is the last time you saw that in a new piece of furniture?)

Have fun, John, it sounds like you've been bitten :)

Vendio_Crystal