smoothgrh
smoothgrh
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July 9th, 2018 at 3:42:19 PM permalink
I'm thinking that on my next visit to Las Vegas, attending an auction would be part of the entertainment.

Ideally, the auction would have interesting items like from a casino liquidation or with vintage gambling devices. Those I'd probably just watch to see what stuff sells for.

I've also seen some of the auction sites that have estate sales or retail returns. Bidding on something like a box of old vinyl LPs sounds like fun.

Has anyone attended these two types of auctions? What's the scene? It seems like there are vast amounts of items constantly being sold. Are they long and tiring? Any good deals? I used to attend arcade game auctions and have gotten a couple great deals.
FleaStiff
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July 9th, 2018 at 4:13:32 PM permalink
Don't know.
Gambling equipment is probably rare at an auction.
Transportation across state lines can be difficult.

Those tv auction shows are not reality. No reality show is reality. Hot sun, long waits, little chance to view the contents of a storage locker, no change to enter it. Must have your own lock and must pay on the spot, can't even cross the street to go to an ATM.

I do know that if its a bankruptcy court ordered auction its on the website and also likely to be on the auctioneer's website as well.

Good luck.
billryan
billryan
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July 9th, 2018 at 4:24:17 PM permalink
I attend one or two a week.
A typical auction lasts about five hours, but generally the type of merchandise in the first half differs so few people stay all five hours.
McManus Auctions is every Sunday. A typical auction has a few hundred lots. Maybe ten to twenty of the lots will be casino related.
They occasionally have old video poker or slot machines. More often they have the signage from slots as they are mostly interchangeable.
There are several others but this is the best weekly one. They are off of Russel and Pecos, about five miles from the strip.
There are usually a number of tourist and many smaller items you can have them ship if needed.
Nellis Auctions is much further away and while maybe bigger, it's much less newcomer friendly and has a reputation that isn't sterling. The lots tend to be bigger. Last purchase I made from them was 1850 new small soap dishes.
I paid $10 for them , sold 500 to a discount store for $50, consigned another $500 to McManus where I cleared
about $20. I have a box or three of New Kids stickers. I'm think if I put one on a soap dish, I can sell a few dozen for target practice.
But I digress....
If you are an early riser, get there at 9 to register and preview. Auction starts at 10. Most stuff after 1 is office or home furnishings, or discarded casino tv's,and the like.
Last edited by: billryan on Jul 9, 2018
smoothgrh
smoothgrh
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July 9th, 2018 at 4:27:50 PM permalink
Quote: FleaStiff



Those tv auction shows are not reality. No reality show is reality. Hot sun, long waits, little chance to view the contents of a storage locker, no change to enter it. Must have your own lock and must pay on the spot, can't even cross the street to go to an ATM.

… 

Good luck.



Oh yeah, I forgot about the storage auctions. I wouldn't even think of going to one of those in Vegas, except maybe in the winter. I looked at the terms and conditions for ones in my area, and it's quite extensive: all cash, must wait until entire auction is over before looking at locker, must clear out everything or forfeit a cleaning deposit…

The ones I've seen online appear to take place in a warehouse or somewhere more hospitable. Here's one auction with a dream item.
smoothgrh
smoothgrh
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July 9th, 2018 at 4:29:55 PM permalink
Quote: billryan

I attend one or two a week.
Maybe ten to twenty of the lots will be casino related.
They occasionally have old video poker or slot machines.



Now THAT'S the kind of thing that I'm looking for. Thanks for the info!
Venthus
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July 9th, 2018 at 10:16:15 PM permalink
Quote: billryan

Nellis Auctions is much further away and while maybe bigger, it's much less newcomer friendly and has a reputation that isn't sterling. The lots tend to be bigger. Last purchase I made from them was 1850 new small soap dishes.
I paid $10 for them , sold 500 to a discount store for $50, consigned another $500 to McManus where I cleared
about $20. I have a box or three of New Kids stickers. I'm think if I put one on a soap dish, I can sell a few dozen for target practice.
But I digress....



Were they more fashionable than these?
https://mcmanusauctions.hibid.com/lot/42145765/pallet-lot-1-888-clear-glass-soap-dishes/

Edit: There's TWO sets of soap dishes from yesterday (09072018): https://mcmanusauctions.hibid.com/lot/42145818/1880-blacck-resin-soap-dishes
What's with both of them having just under 1900 units?
billryan
billryan
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July 9th, 2018 at 11:42:34 PM permalink
This is an example of how less brings more. The pallets are heavy as hell and take up a lot of space. I don't know where they are coming from but someone has flooded the Vegas soap dish market. That's why I'm trying to rebrand them for the target shooting crowd.
DRich
DRich
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July 10th, 2018 at 9:17:59 AM permalink
Quote: billryan

This is an example of how less brings more. The pallets are heavy as hell and take up a lot of space. I don't know where they are coming from but someone has flooded the Vegas soap dish market. That's why I'm trying to rebrand them for the target shooting crowd.



Bill, put a Trump sticker on them and you could sell to lots of different markets. Political collectibles, novelty, target practice, etc. I bet you could get $10 in the collectibles market, and a few dollars a piece in the gun community.
Order from chaos
beachbumbabs
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beachbumbabs
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July 10th, 2018 at 10:25:22 AM permalink
That McManus site has awakened my inner crow.

That's not a good thing. Saw some stuff go insanely cheap. Not sure I can resist.

Bill, are you "crafty" at all? There are a lot of interesting things can be done with either the glass or the black dishes, then sold via ebay or etsy for a big markup. Especially with the amount of glitzy stuff going cheap in lots.
If the House lost every hand, they wouldn't deal the game.
FleaStiff
FleaStiff
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July 10th, 2018 at 11:08:55 AM permalink
Etsy would probably be the best market but you could also turn them into premiums. A local motel's logo and the soap dishes become cheap advertising. The price is so low that once you've hauled them somewhere just about anything will put you in the 'plus column'.

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