This video offers a compelling look at the micro-economics of the circular economy through the lens of high-stakes, real-time bidding. It effectively bridges the gap between manual labor and strategic asset valuation.
Deep Dive
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Deep Dive
A day at the AuctionAdded:
Okay, today's auction day. It's Saturday. We're in Holgate, Ohio.
There's an auction going on. We found some things of our interest, so let's go check out and see what we can find.
Don't forget the magnet.
>> All right, yeah.
Always got to take your handy-dandy magnet with you. All right, and your cash. All right.
All right, we got our bid number. We're number 52.
Let's go check out some of the things at the auction.
All right, we'll head over to these trailers here. I don't see too much here, but let's go check it out.
>> [snorts] >> Every wall that has a vent we got to stud out. We need one more stud out.
To hide the vents, so that's next. You're going to see the weeds.
All right, I think I found some good stuff in here.
Let's check this out.
This is inside the barn here.
Here we go.
Look there.
Definitely worth bidding on.
Ladies and gentlemen, we do have time clock. We have time clock. We're going to get the terms and conditions of today's sale.
Ladies and gentlemen, on behalf of Wayland Realty and Auction, I'd like to welcome everybody out here today.
Um I'll give you 100, 120, how about $10 in this auction? Do we have 10 10 10 10 10 10 10 10 Do we have 10 10 10 10 10 10 10 10 10 10 10 10 10 Do we have 10 Do we have 10 5 10? I'll take 10 10 [laughter] 10 Do we have 10 10 10 10 10 10 Do we have 10 10 10 10 10 Do we have 10 here for 15? $15 I'm going to give 15 15 15.
I'm going to give 15 15 15. 115 15 15 I'm going to give 15 15 I'm going to give 15 15 15.
$10 on it. Bidder 48. Bidder 48. Now the show All right, we got outbid on the first batch of wire. We're going to get this one here.
>> [clears throat and cough] >> Maybe some extension cord, too.
All right, let's wait and see how it goes.
Oh, here you go, dude.
95 95 95 105 I'm going to give 105. 105 here. 115 I'm going to give 115 115 115.
115 I'm going to give 115 115 115 115 now 115 115 Bought it at $105.
I'm going to give 27 1/2 on it 27 1/2 27 1/2 $25 bidder number 120 bidder number 120 A nice steel scoop shovel right there, guys. It's $10 $10 10 10 10 Give me 10 10 10 10 10 10 $5 I'm going to give 5 5 5 5 5 5 5 5 5 7 1/2 on it 7 1/2 7 1/2 on it 7 1/2 7 1/2 7 1/2 7 1/2 10 10 10 10 Give me 10 10 10 10 10 Give me 10 10 10 10 $7 on it bidder 48 bidder number 48 dollar bill on the shop back dollar dollar bill one dollar dollar bill one and a half two two two Give me two two two Give me two two Bought it at a dollar bill bidder number 24 bidder 7 1/2 on it 7 1/2 7 1/2 7 1/2 7 1/2 10 10 10 10 10 12 1/2 12 1/2 12 1/2 12 1/2 15 $15 I'm going to give 15 15 15 I'm going to give 15 15 15 $12 on it bidder I'll get it 24. I'll get it 24. On all your craftsman wrenches here. On all the craftsman wrenches. All right, there guys. Metric wrenches there.
Get $25 on it. 25.
I'll get it 25. I'll get it 25, 25, 25.
I'll get it 25. $10. [clears throat] I'll get it 10. $15. I'll get it 15, 15, 15. I'll get it 15, 15, 15. $15. I'll get it 15, 15, 15. $15. I'll get it 15, 15, 15, 15, 15.
15, 20. Get 20. Get 20. Get 20. Get 20.
Get 20. Get 20. Get 20. Get 20. Get 20.
Get 20. Get 20. Get 20. Get 20. $15 on it. Bidder number nine. Bidder number nine.
On the band saw. Right there guys. You want that band saw there.
Extra blades and all right there guys.
On here you get $25. I'll get 25. I'll get 25. I'll get 25, 25, 25, 25, 25.
$10. I'll get 10. $15. I'll get 15. I'll get 15, 15, 15. $15. I'll get 15, 15, 15. I'll get 15, 15, 15. $15. I'll get 15, 15, 15.
15. Now 20.
25.
Now 30.
Get 30. Get 30. Get 30. Get 30. Get 30.
Get 30. Get 30.
$25. Bidder number 60.
On your torque wrench. Right there guys.
And all your line wrenches. Right there guys. Torque wrench and line wrenches.
Right there. Get $25. I'll get 25. I'll get 25, 25, 25. I'll get 25, 25, 25.
$10. I'll get 10. I'll get 10, 10, 10.
Give me 10, 10, 10. Give me 10, 10, 10.
Give [laughter] me 10, 10, 10. Give me 10, 10, 10. Get five. Give me five.
Five, seven and a half. Five, seven and a half. Now 10. Now 10. Now 10. Now 10.
Now 10. 10, 10. 12 and a half. 12 and a half. Now 15. I'll get 15, 15, 15. $10.
I'll get 15, 15, 15. $20. Bidder number All right. Now you're going to buy that little that little tool. Right there guys. That's a little oscillator. Right there guys. Little vibrating tool. Right there. On your oscillating tool. Right there guys. You want it here. $50. I'll get 15. I'll get 15. Get Get Get $50.
I'll get 25. $10. I'll get 10. 10, 10.
Give me 10. Now 10. Now 10. 10, five.
Seven and a half. Seven and a half. Now 10. 10, 10. 12 and a half. 12 and a half. 12 and a half. 15. $15. Now 20.
Get 20. Get 20. Get 20. Get 20. Get 20.
Get 20. Get 20. Get 20. Get 20. Get 20.
Get 20 get 20 get 20 get 20. $15 better 134 134.
Now he's got some motor oil. You got some hydraulic fluid. You got some Roundup spray. Roundup and all those other cans you got all those there. Good flavor. On all the cans right there guys. I'm going to get 25 get 25. They get 25 on the 5 they get 5 5 5 10 10 10 10 they get 10 10 10 10 7 1/2 7 1/2 on it 7 1/2 7 1/2 7 1/2 7 1/2 7 1/2 7 1/2 $1 on it. Better number three better number three.
Hey.
You got all these good shoes right here.
These are good ones here. These are uh boots. Waterproof. Oh, right here. You got all this power. You got three pairs of boots right there guys. You get $10 10 10 10 10 10 10 10 10 10 10 $5 $2 2 2 2 2 2 $1 bill $1 $1 $1 $1 bill.
Nobody wants them. What size are they?
You know, so now you're buying them all.
I don't know. They're These are Red Wing sevens.
These are size seven wide.
They're size seven wide.
Nobody wants them.
On the Red Wings right there guys. You buy them all right there. You can get $5 $2. Five. Five 7 1/2 10 10 10 10 10 10 10 10 10 10 10 10 $1 better 120 better 120.
>> a deal. On the tool bags right there guys. You get $5 5 5 5 5 5 5 $1 bill.
Bottom of the box better number 135 135.
Got your little trapper boots.
Your trapper boots right there guys.
You get $5 5 5 5 5 5 5 5 5 5 5 5 2 $1 bill.
Cowboy boots and all.
Oh yeah, these are probably size seven too like everything else.
>> Cowboy boots and all $1 $1 $1 $1 $1 bill. $1 dollar bill. That's it and all.
Dollar bill.
Yeah.
Yeah.
35.
Yeah.
Yeah.
Yeah.
All right, so we got our auction wins safely secured in the truck.
We're heading home. Let's go see how we did.
All right, Miss Charlotte, are we ready to go? I'm ready. All right, I think we had a pretty good day at the auction.
Yeah.
>> We'll find out. It turned out to be really nice, too. Yeah, nice day.
All right, let's get this stuff home and see how we did.
All right, so we are home. We have all of our auction goodies uh as you can see, unloaded into the shop.
And we have all kinds of stuff, VCRs.
Most of this stuff we didn't actually bid on, it was just included with the package. Package deal. All right, so there's our bucket of wire and uh you can see that there, box of mystery wire there. We're going to go over all this on our regular Wednesday video. So, this is our wins from our latest auction and uh we're going to go through it. We're going to break it all down and show you what we paid for it. Hopefully we made profits. Uh we're going to do that on our regular Wednesday video. So, come join us on Wednesday. All right.
Thanks for watching.
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