ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Man finds $7.5 million inside a storage unit he bought for $500 — Then, the former owner returned

Even though the buyer wasn't able to keep all of it, he did walk away with a massive profit.
UPDATED JAN 4, 2025
Dan Dotson at A&E's 'Storage Wars' Lockbuster Tour and representational image of cash in a bag (Cover image sources: Getty Images and X post by @DanDotson)
Dan Dotson at A&E's 'Storage Wars' Lockbuster Tour and representational image of cash in a bag (Cover image sources: Getty Images and X post by @DanDotson)

Storage spaces are meant for items that one rarely uses or just memories, but no one expects to find a hidden treasure in there. But destiny had something different planned for a man who bought a storage space for merely $500 but walked home with millions as a return on his investment. The story of this lucky buyer who was surprised to find a pile of cash was also narrated by "Storage Wars" star Dan Dotson.

Laura Dotson and Dan Dotson attend A&E's 'Storage Wars' Lockbuster Tour | Getty Images | Photo by Tibrina Hobson
Laura Dotson and Dan Dotson attend A&E's 'Storage Wars' Lockbuster Tour (Image source: Getty Images | Photo by Tibrina Hobson)

Finding Cash Amidst Trash

Dotson who operates his own auction house and frequently stars in Storage Wars on A&E, revealed in an online video how a woman approached him with the story of a friend who purchased a storage unit, auctioned off by him.



 

The woman shared that her friend found a mysterious safe inside the storage unit that they couldn't open. Dotson recalled the woman saying that the first professional they called couldn't do it but a second person did it.

“When that person opened it up, inside the safe, normally they’re empty, but this time it wasn’t empty, it had $7.5 million cash inside,” Dotson revealed.



 

Dotson and his wife, Laura went on to speculate where the money would've come from. "Credit card went bad, it was finished, they moved away, perhaps the person went to jail... who knows what it was," Laura said. While the finder may have thought they struck gold, the story didn't end as they would've wanted. 

Here's the Catch

Dotson further revealed that when the original owners of the unit heard about the cash, they quickly contacted the new owner. Dotson says that they initially offered the buyer of the unit $600,000 to return the money, and then doubled it to $1.2 million. Finally, the two parties reached a settlement and the buyer walked away with almost $1.5 million in profit on a $500 investment.



 

Dotson said that he too would have taken the $1.2 million reward with no questions asked. This was because he felt that it wasn't clean money and he wouldn't want to find out how far the former owners would go to get their money back. “$7.5 million is a lot of money… but that’s a lot of running, too," he said. 

While this incredible discovery wasn't featured on "Storage Wars," similar incredible discoveries have made it to the reality show over the years. For instance, in season 3, Darrell "The Gambler" Sheets lucked out similarly on a $3,600 storage unit. While looking through the items to recoup their investment, Sheets and his partner found paintings from a renowned Mexican artist Frank Gutierrez.



 

Unsure of what to do with the dozens of paintings, Sheets called in an expert to get a fair valuation. The expert immediately acknowledged the remarkable find and noted that there was a large part of Gutierrez's work stored in the unit.

When sheets asked about the value of the painting, the expert took a moment to say that it could be worth a whopping $300,000. This prompted Sheets to flip his $3,600 unit for hundreds of thousands of dollars in profit.

This article originally appeared 2 months ago.

MORE ON MARKET REALIST
Despite the huge offer, the owner of the memorabilia chose to walk out on Harrison.
10 hours ago
Fans were considering all possibilities in the wake of a streak of bonus round losses.
11 hours ago
Cuban had dropped out twice before coming back with the offer for the entire firm.
13 hours ago
The guest who only knew that the ring was worth $20,000 in the 70s wasn't prepared for the appraisal
1 day ago
Courtney White competed on the show with her friends as part of a bragging rights episode.
1 day ago
Miniature construction material maker, Mini Materials, was ironically 'too small' for the Sharks.
1 day ago
When Harrison came across 'The Book of Mormon' he went out of his way to not lowball it.
1 day ago
Many everyday essentials have been impacted by the recalls issued in the past couple of months.
2 days ago
Apart from being expensive, the violin held immense sentimental value for the guest as well.
2 days ago
The Chinese Tang Dynasty Marble Lion, which stunned the expert, fetched a $180,000 appraisal.
3 days ago
The White SUV was kept hidden from the public eye by Simpson's ex-agent who contacted Rick Harrison
3 days ago
The former Presidential candidate was a one-day champion on the show.
3 days ago
Harrison mentioned that Houdini was one of the best performers ever.
4 days ago
The collection, which was probably bought for about $100, fetched an astounding valuation.
5 days ago
While the Sharks saw merit in All33's chair, they were choking on its sky-high valuation.
5 days ago
Mark Fitzpatrick candidly shared a step-by-step approach to reaching the main stage of Jeopardy!
5 days ago
The couple had multiple offers from different sharks who were fighting over a deal with them.
5 days ago
The expert said, 'in all my years on the Roadshow, it's probably the most exciting find I've had."
6 days ago
Viewers were surprised to see a clue about neopronouns on the popular game show.
6 days ago
The co-host didn't let it deter her and she ran to join the contestant in celebration.
6 days ago