Getting rid of junk in a yard sale can be a great way to clean out the closet… and maybe even make a few bucks in the process.
But some yard sales make more than a few bucks. And, as the The New York Times reports, one junk-selling giant made $12m auctioning off its old stuff last year.
But every year the city cleans out its closets in a series of massive auctions that sell everything from river barges to parking meters.
Most of the products auctioned off — like old road barriers — may seem worthless. But some items bring in a surprising amount of money.
New York’s Department of Citywide Administrative Services held 1.3k auctions last year to sell off old items such as:
In fact, some entrepreneurial buyers have found ways to squeeze some serious value out of the Big Apple’s discarded trash.
One artist converted old parking meters into sculptures… and then sold them for $5k. Another buyer bought an antique fireboat and now plans to use it to give tours on the Hudson River.
Inspired? Here are some NYC hand-me-downs currently for sale: