Building Supply Auctions: Are These People Nuts?

[Guy Johnson]

I guess auction fever took over because the buyers where bidding at or above retail for material, before tacking on a 10% buyers fee. I know people associate auctions with "great deal" but at the prices people were paying it seemed as if they've never priced out sinks, toliets, tile, flooring, even tools. And the kicker was none of the stuff was all that good. It would be perfect for rentals, but not at the prices these boobs were paying. Perhaps they don't have a discount building supply store near them, as that is the ONLY reason I could see for being so clueless.

Anyways, has anybody ever had any luck with going to something like this. It was my first one and probably my last one, as I wasted five hours of a perfectly good Saturday. And I left early. I just couldn't believe the prices, so I figured when they get to the popular stuff (naturally left to the end) it would be bid up to crazy levels anyway.