Auctioning Celebrity Property
In May of 2010 TMZ, reported that, "A pile of Madonna memorabilia just went up for sale on EBay. The real shocker is that the guy behind the sale acquired all of the items for a total of $150 at a storage unit auction."
In another report, also by TMZ, football star Michael Vick, while serving his prison sentence on the dog fighting ring conviction, lost his storage unit to auction after failing to pay his monthly dues. Either Vick or his representatives did not pay attention to the storage rent while he was in prison. The TMZ report went on to say that only five people showed up for the auction. It may be hard to believe, but the unit sold for just $10 in September of 2008. The bidders did not know what they were bidding on.
Singing star Whitney Houston lost some 400 items that went online for sale after she lost her storage unit due to non payment of storage fees. Included in the sale were a custom made grand piano valued at between $300,000 and $400,000, designer clothing and some 16 wardrobe cases from many of Houston's touring performances. The winning bidder of this auction made a "once in a lifetime" profit.
If it is known that a storage unit going for auction contains the property of a well-known celebrity, the chances are that the bidding will reach a much higher level than it would for an unknown storage owner. However, celebrity units are not always revealed to the bidding public. Often they are held in names other than the celebrity owner; it could be a business manager, a friend, a family member, or simply a fictitious name that would not give an indication of celebrity cache to the potential buyer. For this reason, amazing stories including the three listed in this segment can and do occur. It is all part of the luck of the draw in the Storage Treasures hunt. One thing is certain. If you become a professional storage auction buyer, the more experience you have, the more likely you are to eventually become one of the folks sharing an amazing Storage Treasures discovery.