Contents of abandoned storage units are sold to bidders who typically can only view the contents from the entrance without physically entering the unit. These auctions have gained popularity through reality television shows and provide opportunities for treasure hunters, resellers, and bargain seekers to acquire potentially valuable items at competitive prices. Storage unit auctions occur when renters default on their payments for a specified period, after which storage facility operators are legally permitted to sell the contents to recoup losses. Bidders must rely on their visual assessment skills and intuition when making decisions, as they cannot thoroughly inspect items before purchasing. This element of mystery and potential for discovering valuable collectibles, antiques, or everyday household goods creates an exciting atmosphere at these events. Winners must typically clear out the entire unit within a designated timeframe, regardless of whether all items prove useful or valuable.
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Storage unit auctions are a fast-paced, high-turnover solution for facilities to recoup unpaid rent by liquidating the contents of abandoned or delinquent units. These auctions attract resellers, collectors, and treasure hunters eager to bid on full units—sight unseen beyond the doorway.
Our auctions are typically online and bid at the item with smartphone on item inspection day, allowing bidders to view the unit contents from the threshold while participating remotely via mobile bidding.
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1. Mystery = Excitement
Bidders love the thrill of the unknown—buying full units without knowing every item inside.
2. Easy to Run, High Turnover
Storage auctions are frequent, simple to photograph, and require minimal inventory management.
3. Proven Revenue Model for Facilities
A 12% buyer premium and 5% listing fee provide a strong return with no financial risk to the storage facility.
4. Recover More with Deal Working
Selling Lane’s deal working feature helps you negotiate unsold units post-auction, increasing overall clearance by 10%.