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Post Info TOPIC: Hardware store going out of business auction May 6, 2017 in PA


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Hardware store going out of business auction May 6, 2017 in PA


Altemose True Value hardware store is auctioning everything off this Saturday. Located in Brodheadsville, PA, the store has been there since 1902. Might be some antique "new old stock" goodies! Here is a link:

 

https://www.estatesale.com/sales/view/119968.html?u=590b35d7f0f07



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Well, I went to the hardware store auction. I wasn't sure how they were going to sell everything, but they sold all the stuff in LARGE lots. And I wasn't thrilled about the 10% buyers premium when paying cash and 13% if using credit on top of 6% sales tax. I soon realized that I had no use for 36 gallons of paint or 300 pounds of nails, so I left after 20 minutes. Paint was going for about $1.50 to $2 a gallon in lots of 10 to 40 gallons in quart and one gallon cans. A great deal for a professional painter. It was cold, my knees hurt and it wasn't gonna be a good day for me physically. I shoulda brought a folding chair. Oh well, didn't cost me anything but a little gas to drive there and less than an hour of time, and I got out of the house for a little bit.

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That selling in large lots seems to be a trend in disposal sales, Joe. Less overhead cost for the seller that way. The thing I have noticed, though, is people who are into that kind of thing are buying large lots, and turning right around and trying to sell the same lots in place without even doing an inventory, or just doing a breakdown of the lot into "kind" lots. Around here, a lot of folks are doing that; they buy storage units in foreclosure, break the contents into lots of similar items, and re-sell, often on the spot. And, there are re-sellers popping up all over this town; they will rent a unit in an industrial or commercial property, and turn it into a second hand store, selling stuff they got at "lots" sales. If they can't sell it off in a reasonable time, they either let it go to foreclosure on the unit, or advertise it as a "lot" to try to get out from under it, and some other joker will pick it up and do the same thing all over again. In the last several years, I have seen the exact same group of low end, flimsy tool boxes for sale in three or four different locations; they are identifiable by the damage on them, same boxes different place.

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