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PostPosted: Fri Jan 01, 2021 10:31 am 

Joined: Mon Sep 02, 2019 12:00 am
Posts: 104
That strange twitch struck the hand of Auctionman again this week. At first, the eye, brain, hand connections performed fairly well, with the brain often blocking eye input from translating to hand twitch output, or at least limiting the financial damage possible by overbidding. In the early bids, three lots, totaling approximately 400 pounds of bare bright copper cable were available. Now a quick calculation showed that based on local prices, and no time consuming preparation required, the possibility of a quick profit could be had.
That illusion of prosperity soon ended. My hand fell slack when the bid reached 3/4 the estimated scrap value, for three reasons: 1st, the material cannot be picked up and delivered to market until next week, and the currently high scrap price conceivably could fall drastically over the holiday weekend; with the addition of a buyers premium of 15% plus a 3% fee for use of a card payment, that added about $150 to the price, leaving only about $100-150 to cover expenses and profit, if the price remained stable; 3rd, in my state there is a five business day hold on payment for copper sales. Had one been able to pick up the material and deliver it straight to the scrap yard immediately, perhaps the risk profit ratio would have been acceptable to me.
But not all losers are never winners. I managed to snag three pallet lots of electronic scrap at give away prices (basically translate as at across the scale scrap steel prices) I usually manage to get an in-person preview of these lots rather than relying on the posted pictures. https://media.sandhills.com/img.axd?id= ... ApFzm6u8vc

https://media.sandhills.com/img.axd?id= ... WtWDmwEKlR

https://media.sandhills.com/img.axd?id= ... yccNhU5EAN


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PostPosted: Fri Jan 01, 2021 1:57 pm 
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Joined: Tue Feb 03, 2015 6:57 pm
Posts: 8562
Location: Low DOS
Ohh! Second photo that’s either security or production.
Top recorder style has good resale values.

That whole pallet looks like some repair options.

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PostPosted: Fri Jan 01, 2021 8:32 pm 

Joined: Mon Sep 02, 2019 12:00 am
Posts: 104
That photo got cropped. Here is a better shot of the lot.
https://media.sandhills.com/img.axd?id= ... fVW2tcsW21


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PostPosted: Fri Jan 01, 2021 8:45 pm 

Joined: Mon Sep 02, 2019 12:00 am
Posts: 104
Had to leave early in the online auction, so submitted a much larger bid than my usual cutoff point on this lot: lost out by $2.50 over my max prebid.
https://media.sandhills.com/img.axd?id= ... 1VmK7a1ZYT

another view of one of the won lots
https://media.sandhills.com/img.axd?id= ... OoWdbht9HJ


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