TruTV’s newest auction show, Container Wars, offers a fresh new look at the auction and resale industry.
Rather than focusing on the now well-known business of storage unit auctions, Container Wars focuses on the relatively unheard of industry of shipping containers.
This cargo containers auction show follows several buyers as they examine and purchase the contents of unclaimed commercial shipping containers at an international port.
Watching the show makes it clear that the primary purpose of the program is entertainment. As the shipping containers tend to have high quantities of commercial goods, they are worth more than a standard storage unit.
This raises the stakes and makes every auction more exciting as high quantities of cash start to exchange hands.
Although the concept may seem far-fetched, cargo container auctions really do occur outside of television. Shipping containers are used to import goods from overseas.
They’re most commonly used by businesses that must bring in merchandise or materials from other countries. Some individuals may also use shipping containers in order to facilitate an overseas move.
Either way, the goods are loaded into massive cargo containers and placed on ships, which then sail to their destination and unload their cargoes into ports.
Once at the port, the cargo containers must be picked up. At this point, the buyer is responsible for paying any taxes or other fees associated with importing goods.
If you’ve ever shipped an item internationally, you know how pricy the duties and taxes can be. This leads to some buyers leaving their cargo in the port rather than picking it up.
These abandoned shipping containers are then moved into storage for a few months to ensure that no one is coming for them; then they are sold at auction to recover the shipping and storage costs.
Unlike storage units, which are usually filled with regular household items, shipping containers can hold nearly anything and everything you can imagine.
This makes the chance of a tidy profit much more likely, but it also makes these auctions somewhat less practical for the hobbyist. In reality, these container auctions are often not widely advertised, and they may occur within a small group of people who are well-known in other types of auction settings.
As always, networking with fellow auction hunters is a great way to find new leads on sales.
If you’re looking for a new niche to break into with your resale business, this cargo containers auction show can help inspire you. If you live near a shipping port, you might be able to engage in these auctions whenever they come up.
Even if storage unit auctions in your area are still saturated with newbies, shipping container auctions may remain relatively untouched. The fact that few people know about them combined with their higher cost may help to drive away newbies.
Please leave your insightful opinions in the comment box below.
April 23, 2015 at 1:41 PM
I would like to find out when and where are there sea caontainers auction. I live in manassas Va 20110 . Thank you
May 19, 2015 at 9:11 AM
I would like to find out when & where sea container auctions are held. I live in AR 72653. Thank you
June 21, 2015 at 11:55 AM
Please help me in participating auctions. I am in vizag.
June 28, 2015 at 4:50 PM
How do I find out when and where these auctions take place near NJ, PA, DE or MD.
July 9, 2015 at 5:03 AM
That’s the million dollar question. I recommend making a spreadsheet/list of all the shipping companies in your area. Contact each one of them to find out if they hold auctions. Keep a list of the companies that do, and call them periodically for updates. Some of them may even notify you directly when an auction is scheduled. Good luck!
January 20, 2016 at 6:47 AM
i have money and want to go on in augsions im lliving in basingstoke
January 20, 2018 at 4:27 PM
i have 3 large shipping containers that i am payiing monthly fees for. I wish to sell off 2 of them. i live in Vancouver B C.. They are stored in Chwk. BC. Who can I contact to have the contence actioned off?
February 20, 2018 at 12:24 PM
Looking for a little knowledge.
February 24, 2018 at 6:40 PM
Would you please let me know your next auction time and date
April 25, 2018 at 8:03 PM
I live in Beachwood OH, I would like to get into containers auctions in my area, please inform me of the next auction by the Ohio Port Authority.
June 10, 2018 at 9:44 PM
Pls provide an yearly auction schedule .
June 11, 2018 at 1:16 AM
I live in Washington Seattle I would like to know. How I can find out when a auction is coming up, or when the port is.having one
September 23, 2018 at 6:54 PM
I am interested in the location of auctions in southeast Florida such as Port of Palm Beach….Port Everglades….Port Canaveral etc…
November 3, 2018 at 5:40 PM
Im interested in auctions in the Seattle/Tacoma are
July 8, 2019 at 9:04 PM
I’m looking for merchandise to sell retail
Raymond C Sanders
July 11, 2019 at 3:18 PM
Hi im Looking for I formation on auctions in fl
December 4, 2019 at 1:33 PM
Raymond, you can now place an online auction or classified ad on OnlineStorageAuctions.com for just $4.99. Just go to the bottom of the home page and select the single ad package.