Auction Kings Star Shares Advice for Turning Old Possessions into Cash

Auction Kings Star Shares Advice for Turning Old Possessions into Cash

"There are treasures everywhere, I promise you, they're everywhere, I'm not making it up!" Paul Brown told INSIDE EDITION.

And he wasn't kidding. If you take a look at the stuff you probably have sitting around your house, you could find a small fortune!

"Lunch boxes! Some old lunch boxes carry a huge value. I sold some lunch boxes for three hundred dollars a piece not very long ago," Brown said.

Paul Brown is one of the stars of Auction Kings, a show airing every Tuesday on the Discovery Channel.

"In today's economy, everybody's looking for that little extra edge, maybe pick up a few bucks here, a few bucks there, even if it's just a few hundred dollars," he said.

He says most of us have stuff just lying around that could be auctioned off to help pay the bills.

"Masonic related collectables are big! This [hat] meant something to somebody, and therefore it probably still means something to somebody else! That's the thing about collectibles, is if it meant something to somebody at one time, it probably means something to somebody again. This cap right here could probably bring up to a hundred fifty, two hundred dollars at auction," Brown said.

Brown said American brand items like Coca Cola are a big seller: "Anything Coca Cola, Pepsi Cola, Budweiser, all your sort of big iconic American brands, people love."  

Brown also mentioned a bottle of wine, a 1970 Latour, which someone brought in.
"This is probably a three-hundred to four-hundred-dollar bottle of wine," he said.

"If you happen to go across to a garage sale, yard sale, flea market, whatnot, and you see a great old leather-bound bible for sale,  pick it up, there's value in it, people will pay," Brown advised.

All day long families bring in hidden treasures hoping to auction them off to make some extra cash.

"With the economy the way it is, every little bit helps," said Donovan Murphy, who brought in a Doors album autographed by a member of the band.

Murphy said he'd had the album for about 15 years, and Brown said it could bring in fifty to seventy-five dollars.

"Better than sitting on the floor in the closet," said Brown.

Murphy said, "Exactly, that's all it was doing sitting in a box, collecting dust."

"You haven't used it, your grandmother hadn't used it in years, it's just sitting, you know, turn it into cash!" Brown said.

Brown says auctions are much better than using eBay because much of your profit can be lost paying to ship your items. He says auctions are also better than having a garage sale because you don't have to let strangers come to your home and dig through your stuff.