louis dakil of dakil auctions says most of the bidding will take place online.n is everything sells, no matter the price. >> this auction is an absolute auction. no minimums. everything that goes on the block will be sold. >> it takes kristen and jim three months to itemize and catalog grandpa's gargantuan inventory of heavy metal. finally, in august 2016, the big moment is here. how many lots are we talking? >> 1,186 lots. >> one of the first items up for bid, this antique trailer, fetches 300 bucks. these 100-foot monopole towers left over from elmer's early days in the cell tower business go for $230 each. things are selling fast, but cheap. >> i've been watching all morning, since 9:00. some things that i thought were gonna go for more are actually selling for less. >> [ auctioneer calling ] >> like these antique railroad carts, similar to one she saw on ebay for $1,000. hundreds sell, but for only 17 bucks apiece. >> [ auctioneer calling ] >> then there's that old railroad drilling rig, purchased in 1967 for 25k. it sells, but for only $4,000. and the gigan