Storage Unit Auctions
In order to conduct a storage unit auction (like seen on TV), where people place bids on the contents of the unit based exclusively on what they can see from the doorway; the following 3 criteria must be met:
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The consignor must be the storage facility (it cannot be the owner of the unit contents)
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From the time the storage facility took possession of the unit, the owner was denied access to the unit contents.
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The storage facility must assure the unit has remained “untouched” since they took possession of the unit.
If these 3 criteria can not be met, the traditional inspection rules will apply to the auction, and the bidder must have easy access to see and touch the contents of each lot during the inspection.
IMPORTANT: Due to copyright issues, don’t include references to “Storage Wars,” “Storage Hunters,” “Auction Hunters,” etc. in your auction titles or descriptions. Just say something like “as seen on TV.”
Still can't find an answer? Contact debbie@equip-bid.com and we'll get back to you.