American Embassy castoffs
December 14th, 2005Check out this opportunity in a country near you…
The local American Embassy imports tons of furnishings/appliances for their embassy workers/diplomats, etc.. They buy most of the items from places like Drexel and in the North Carolina Furniture showrooms. Every 2-3 years they restock and need to dispose of their used items. The items are usually between 3-6 years of age, and have been used by a couple or perhaps a couple with a child or two. Meaning the items are kept in very good condition.
Then the Embassy will place a small local ad inviting the public to come BID for the items. When you arrive, you will receive a pamphlet listing all the ‘Lots’ with a section to place your bid. The items are sold ‘as is’ and since the warehouses cannot usually accommodate, the items are stacked up on top of each other and not presented in any way to encourage high bids. The truth is, they dont even care what the bids are - the highest bid takes the item. I have heard someone pay $50 for an item that was originally $1500! In theory.
In reality, the demand for American items in overseas country is so high that once word spreads, it may be impossible to outbid your foreign neighbors who are dying to have ownership of items from the ‘land of golden opportunity’.
Tips:
1) As with Ebay, it helps to bid in odd numbers, like 1057 instead of 1050, so if there are multiple bids of the same amount, you will have the edge.
2) These items are purchased in bulk, and many are repeats. If you want a china closet and there are 10 up for auction, select the one in the poorest condition (that is reasonable to be fixed up) and bid for that one. Chances are more people are bidding for the items in best condition. Unfortunately, you cant bid on all 10 and win one - if you bid on all 10, you may just win all 10!
3) Dont forget to pay attention to local taxes added on to the winning bid amount. In some cases, you may have to pay 50% extra in taxes. Keep this in mind when you bid, since they view your offer as a contract.
4) Most important - DONT TELL ANYONE!! The word of mouth about these events spread like wildfire, and with it goes your chances of winning
.
Today is the day they were supposed to call to tell me about what I won. It is 10:30 PM, and I am still waiting by the phone.
Any minute now.
Neckroll Pillows
Lap Desk