|Forum topic by ,||posted 08-12-2012 01:02 AM||2374 views||0 times favorited||2 replies|
08-12-2012 01:02 AM
After the school shop closure auction, I was in tool heavin. So since I love tools, and dream shop a lot allowing me to almost memorize retail prices, I decided to seek out tool type auctions, more for resale and partly for our shop.
So excitement built up as I went to this Home Depot tool auction. Most of what I bought is for resale.
For our shop I bought a “new condition” 7 1/4” ridgid circular saw for 30.00 which I think sells for around 100.00. This was a great buy because for as many tools as we have, we do not own a circular saw. We had two circular saws but both have been lost in the past 6 months.
Also for the shop I bought a brand new in packaging Diablo 12” (high tooth count, cannot remember???) blade for our 12” Dewalt sliding miter saw. I paid 15.00 and it sells for 55.00 at Home Depot.
Tools I bought for resale:
I bought a so called “technician” lot of ridgid tools for 35.00. I hope to sell these items on ebay (with full disclosure and no reserve) unless any of you are interested. It came with:
corded recipricating saw. motor works fine, but the blade holder does not move. Something simple probably broken.
Corded Fuego angle grinder, motor runs, but seems to run rough. I think maybe needs new brushes.
5” ridgid ROS. Does not turn on at all. Maybe issue with the switch. Power cord does illuminate.
2 – X4 18v drills, one of them runs fine, motor works good but has a broken chuck. The other is identical, has a good chuck but the motor is broken.
4 – 18v lithium ion batterys and 2 chargers. It does not appear any of these work but I am not sure. One charger does light up though.
Not part of the “technician” lot, but I managed to buy a Rotozip RZ1500 brand new not used for 25.00. I hope to sell it also on ebay for whatever I can get, no reserve.
Then I bought a few other non tool items for resale, nothing to get excited about though.
So my thing is, it seemed everyone was bidding well above 50% retail value for many of the tools. And here I thought all auctions sold tools pennies on the dollar like the school shop auction I attended.
Well as far as need goes, I was able to fill our currently greatest need with the circular saw at a 1/3 of the retail cost so it was a good day and my resale items should net a modest profit for my fun day. I am happy :)