Lucky Auction Bidder Makes Classic Find at Self Storage Auction

Posted on Feb 7 2013 - 10:01pm by Kim Kilpatrick

People love to find the diamond in the rough. Being able to say they found the needle in a haystack is a rush. Pirate treasure may be a thing of the past, but there is still treasure to be found. You just have to know where to look—like your local self storage auction.

Now as anyone that frequents self storage auctions will tell you ‘treasures’ are the exception, not the rule when it comes to what you typically find inside a self storage unit at auction. That is what probably adds a thrilling element to them for many—the possibility however slim that the self storage unit they buy will be the one with half a million in gold inside, or a Burt Reynold’s canoe from Deliverance, or a collection of World War II antiques.

Pat Jones happens to be one of the lucky ones. He was in attendance at a recent lien auction at Pond Springs Storage in the Austin, Texas, area. The general perception was that there was nothing but a bunch of scrap metal underneath a tarp in one unit. He put in a bid, no one else did, and the unit was his. 

Upon a closer look he realized he had so much more than just some scrap metal. It was a ’59 Cadillac Coupe.

“It appears the previous owner was using the storage as a second garage and restoring the car in the storage unit. He had gotten so far as to have rechromed and restored over half the parts. It is quite a mystery how and why this car arrived here in pieces.”

For $51 he got a car worth $50,000.

Finds like his are rare, but they are what keep many people coming back. Fans of the reality television show Auction Hunters may remember an episode from 2011 featuring an auction from Dallas, Texas, that had over 800 units up for auction. One unit had a collection antiques including a number of guns among them a Winchester buffalo rifle.

 One of the best finds—and the kind that everyone that has ever been to an auction dreams of getting—occurred in April 2011. A lucky bidder at a San Fernand Valley self storage auction purchased a unit that happen to have a near-mint condition copy of Action Comics Number 1.

It ended up selling for $2.16 million.

Sources Used:

“Austin Self Storage Auction Winner Discovers 59 Cadillac Coupe In 500+ Separate Parts, says” PRWeb; 07 February 2013.

“The 5 Most Lucrative Storage Auction Finds of 2011.” PRWeb; 25 December 2011.