Auctioneers? Really? Yes. In a strong economy there will be estate sales or people looking to maximize the return on their assets. If you own a nice piece of art, or a classic car, the best way to get the real market value for it, without haggling, is at an auction. In a weak economy, there will be the unfortunate people who aren't able to pay their bills and lose ownership of their assets. Once the bank or property owner takes possession, they don't necessarily want the asset, but the money that they're owed. What's the best way to convert an asset to cash? You guessed it, an auction.
Storage auctions are an unfortunate part of the self storage industry, because it means that someone was unable to pay their bills and was forced to forfeit the items which they had stored in their unit. Occasionally, the items in the locker are usless cast offs that are generally meaningless. However, in many cases if someone was willing to pay to store it, they intended to keep possession of it. For the storage container owner, they've provided the service and need to reclaim their cash when a tenant can’t pay their bill, so the container is forced into auction.
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