Famous Storage Auction

Storage Wars (stylized as STORAGE WAR$) is an American reality television series on the A&E Network that premiered on December 1, 2010.

When rent is not paid on a storage locker for three months in California, the contents can be sold by an auctioneer as a single lot of items in the form of a cash-only auction. The show follows professional buyers who visit storage facilities throughout the state and bid on these lockers. Before each locker is auctioned, the buyers are given five minutes to inspect the contents from the doorway, but may not enter the locker or touch any of the items.

After the day’s auctions are completed, the winning bidders sort through the lockers, estimating the prices they will set on the contents and/or consulting with experts for an appraisal of unusual items. Running totals on-screen display the cost versus estimated total value, and a final tally at the end of the episode summarizes the buyers’ net profit or loss.

Credit: Wikipedia