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It is human nature to get excited over finding a treasure or a diamond in the rough when little effort is involved. The Antiques Road Show started a trend: individuals who bring in a piece of pottery or a painting purchased at a garage sale for a quarter might discover that they own a rare antique or a Mona Lisa.
The economic downturn has brought about a new genre of TV shows incorporating the old adage, “one man’s trash is another man’s treasure.” The latest show debuting December 1st on A&E is Storage Wars. According to the A&E website, the show features four professional buyers and their teams as they bid, buy, and scour repossessed storage units in search of treasures.
Storage companies have been using auctions to recoup a portion of their losses for years, but will the TV shows increase the number of bidders? According to the forums on the A&E website, the answer is a definite yes. Auctions are attracting more bidders hoping to see an unlocked unit full of Picassos.
Are you seeing an increase in bidders for your auctions? Are the higher prices of the unit bids offsetting your losses? Do these types of TV shows glamorize storage auctions? Tell us about it.
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