Thursday, February 27, 2014

Saunders: This CIAA treasure trove fails to bring in big money at auction

RALEIGH, North Carolina  -- When you bid on storage sheds without ever looking inside them, you accept that you could end up with a bunch of junk.

Sometimes, though, you can end up with a treasure.

That’s what Jerry Perry of Raleigh ended up with two years ago when the shed on which he’d bid $750 contained items that a respected appraiser said could be worth $250,000 – not enough for a villa on the French Riviera, but at least enough to feather his retirement, Perry figured.

Ever seen the TV show “Storage Wars,” on which treasure hunters bid on storage sheds that have been left by the original renters? People like Perry bid on the sheds, contents unseen. You could find yourself with a bunch of old nudie magazines, broken lava lamps, one-armed Rock’em Sock’em Robots and mildewy baby clothes.

An important find

You could also become the owner of memorabilia that one respected appraiser ranked near the Emancipation Proclamation in importance – the original 1912 documents leading to the formation of the Central Intercollegiate Athletic Association.

That’s what Perry found last ...

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Read more here: http://www.newsobserver.com/2014/02/26/3656365/saunders-this-ciaa-treasure-trove.html#storylink=cpy

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