Well, I think that the show may be shot on location at actual storage facilities, rather than a studio, if that makes you feel better LOL. It would be cheaper anyways. Other than that, everything is fake. Producers obtain items and plant them in the bins, no actual auction takes place, no money transactions, the talentless "actors" pretending to be bidders are all aware of it, etc.
Like many others have said, if it's on TruTV, it ain't true. Course now Discovery and History are in the same lot with how ridiculous they have become. Low budget TV shows are here to stay!
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