Image: Gazette Live/Evening Gazette

When three friends decided to bid for a storage container at auction, they had no idea what it might contain. The rules of the auction house prevented them from searching inside, however. And apparently, no one – not even the auction house – had conducted a proper valuation of its contents.

Image: Darren Moloney

You have to speculate to accumulate, according to the old gambling proverb. But since neither the buyers nor the sellers knew exactly what was being sold, it was near impossible to determine the odds of winning a profit. In fact, the container might just as easily have incurred a loss.

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Image: Gazette Live/Evening Gazette

But the friends decided to bid anyway. If they were lucky, they might make a small profit; if not, better luck next time. However, as it happened, the contents of the mystery container appeared to be worth considerably more than they paid for it. The friends struck gold!

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