Former Doc Electric Auction
Looks like industrial, what a mess.
http://www.lustauction.com/01-15-2009/01-15-2009.htm
Looks like industrial, what a mess.
http://www.lustauction.com/01-15-2009/01-15-2009.htm
Another One Bites The Dust
- Thread starter Sparky555
- Start date
- Status
Fulthrotl
~Autocorrect is My Worst Enema.~
- Occupation
- E
lotta money piled up there.... and you couldn't find something to save your
life....
well, if they did the books the same way they did the material, a lot is
explained.....
lot all the material in one lot.... i'll open at $1,500......
jrannis
Senior Member
- Location
- Fort Lauderdale/ Miami
Maybe he just got tired of putting personel money into the business and got out in time before he went totally broke
jrannis
Senior Member
- Location
- Fort Lauderdale/ Miami
I would say most of it looks like light commercial or residential with all of the lithonia and progress light fixture boxes laying around. Maybe in the middle of a tenant build out job that went broke on him.
ptonsparky
Tom
- Occupation
- EC - retired
Auction date is Jan 15, 2009 but ..."Everything must be removed by 3-PM Fri, 01/09/2009." and you only have from 9:15 to 10:30 AM on the 15th to look it over. The bank must not care if they get any money at all.
bjp_ne_elec
Senior Member
- Location
- Southern NH
Can you say "pack rat". Couldn't even keep the cords would up and neat.
ishium 80439
Senior Member
I have a general question about auctions such as this. I went to one (JJ Kane auctioneer) because I was looking to buy a vehicle and there were some other, smaller miscellaneous items I was interested in. When I heard what people were bidding on some of this stuff it pretty much told me there were no bargains to be had.
The one thing I remember in particular was a 12 year old F-350 that was BEAT, body damage, 212K miles, gas motor. I kind of needed a beater at the time and thought if I could pick it up for $800 it wouldn't be bad. It wound up going for about $2100.
Is this typical of most auctions? Do people generally just lose their minds when they are bidding on stuff and just get caught in the excitement of the fast talking guy?
The one thing I remember in particular was a 12 year old F-350 that was BEAT, body damage, 212K miles, gas motor. I kind of needed a beater at the time and thought if I could pick it up for $800 it wouldn't be bad. It wound up going for about $2100.
Is this typical of most auctions? Do people generally just lose their minds when they are bidding on stuff and just get caught in the excitement of the fast talking guy?
You got it!
Some people think anything sold at auction is a bargain no matter what the price is.
Years ago, I had a cousin pass away. His widow held an auction for all this stuff. I went there, and my uncle (his dad) told me, "See that Milwaukee drill and saw over there? Don't bid on them. I loaned them to Dan last year and now I'm going to buy them back."
Fine with me. Later that afternoon, I saw my uncle again and asked if he got his drill and saw back. "No," he said, "Someone bought them, so I just went down to the tool store and bought new ones for less than they bought my old ones for!"
I recall someone paying $54 for a string of Christmas lights. 25' of the old C-7 bulbs. And it didn't even work!
charlietuna
Senior Member
Sure is good to see someone with more "STUFF" than me! With the economy down i bet you could buy up some good deals here!
Gawd it hurts to see someone lose it all after working so hard and investing all they had time and money into a business...
Can't even imagine the despair. Saw it happen first hand to my old man when I was a kid though. We ended up in my grandma's basement. My old man recovered though, and he has made it all back with alot more to boot! It just took twenty years, that's all.
Can't even imagine the despair. Saw it happen first hand to my old man when I was a kid though. We ended up in my grandma's basement. My old man recovered though, and he has made it all back with alot more to boot! It just took twenty years, that's all.
jmsbrush
Senior Member
- Location
- Central Florida
I hate to see someone going out of business. Looks like he has many years of accumulated stuff in there.
imakeithot
Member
- Location
- near Houstion, Texas
I feel for the guys that where working for him and the owner
Fulthrotl
~Autocorrect is My Worst Enema.~
- Occupation
- E
the short anwer is... yep.
i was doing a lot of auctions in the early 1990's, mostly cnc machine
tools, and ended up at this one auction for a mobile home builder who
went bust....
and they were auctioning off finished mobile homes as well.....
and this guy, green as grass, was bidding on a mobile home against
3 other people, and they all folded, and the last $15,000 of bidding,
he was the only one bidding.... everyone just stood there kind of
stunned, as he kept his hand up.... it took about 45 seconds for
him to figure it out, and cost him $15,000 for the lesson.
pneumatic tools often bring out this dementia, and the "winner"
pays about new retail for tools that are totally thrashed.
i was looking at the tools, and they were full of metal shavings,
which tells me the 100 hp air compressor i was there to bid on
wasn't worth raising a paddle on. it was disconnected, so you
couldn't start it to hear it run... the guy who did buy it for $2,900
ended up selling it for scrap metal.... the roots compressor was
beyond repair. he bought a used motor and starter for $2,900.
auctions are fun, tho.... you get to watch all these people
posturing, and trying to psych each other out... great people
watching venue.
peter d
Senior Member
- Location
- New England
I went to an auction a few weeks ago and the stuff was pure trash. Rusty gang boxes, junk trucks, etc. The only good stuff was the stock - basic commercial stuff (EMT fittings and so forth) and that wasn't worth much. I can just imagine what people paid for that stuff.
- Status