Archive for the ‘Auction Sales’ Category

Global Auction Blog Twitter Weekly Updates for 2010-03-14

Sunday, March 14th, 2010
  • Auction Sale Of The Day The Super Auction Special Session Trains NIB Saturday March 13, 2010 Ann Arbor MIhttp://su.pr/8Oz4OO #
  • Auction Sale Of The Day 160 Acres Marshall County, SD Land Auction Farm Land Auction Friday March 12, 2010 Britton SDhttp://su.pr/4FJpN8 #
  • Auction Sale Of The Day Sainsbury Construction Auction Construction Auction Thursday March 11, 2010 Heyburn IDhttp://su.pr/1bHCeb #
  • Auction Sale Of The Day AgIron 54 Consignment Event Equipment Consignment Wednesday March 10, 2010 West Fargo NDhttp://su.pr/2kTg03 #
  • Auction Sale Of The Day Legacy Home Center Online Auction Tuesday March 9, 2010 Lake Crystal MNhttp://su.pr/2pIgv0 #
  • Auction Sale Of The Day IQBID - Mahnomen Implement Inc. Online Auction Monday March 8, 2010 Mahnomen MNhttp://su.pr/1QILgc #

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Global Auction Blog Twitter Weekly Updates for 2010-03-07

Sunday, March 7th, 2010
  • Auction Sale Of The Day Household & Collectible Auction Household Auction Sunday March 7, 2010 David City NEhttp://su.pr/8Io6yT #
  • Auction Sale Of The Day CAR, COINS, GUNS, HOUSEHOLD, ANTIQUES & COLLECTIBLES Auction Saturday March 6, 2010 FREMONT NEhttp://su.pr/50pu7g #
  • Auction Sale Of The Day Heavy Construction Truck Trailer Consignment Construction Auction Friday March 5, 2010 Foley MNhttp://su.pr/2eWkgb #
  • Auction Sale Of The Day Truck and Trailer Internet Only Auction Equipment Consignment Thursday March 4, 2010http://su.pr/AfWJGI #
  • Auction Sale Of The Day Steve Koch Estate Property & Farm Auction Farm Auction Wednesday March 3, 2010 Hazelton IDhttp://su.pr/8uCE44 #

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Global Auction Blog Twitter Weekly Updates for 2010-02-28

Sunday, February 28th, 2010
  • Auction Sale of The Day Nix Implement & Lamesa Area Farmers - Owners Farm Auction Lamesa TX Five Star Auctioneers http://su.pr/2SLtM6 #
  • Auction Sale of The Day Quality Tested Hay Auction Hay and Feed Auction Litchfield MN USA Steffes Auctioneers Inc. http://su.pr/2tARif #
  • Auction Sale of The Day Annual Toy and Nostalgia Auction Dundas ON Canada Pritchard Auctions Inc. http://su.pr/2Xrk53 #

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Global Auction Blog Twitter Weekly Updates for 2010-02-21

Sunday, February 21st, 2010
  • Auction Sale of The Day Part 2 Burt Kellerman Custom Pool Cue Collection Littleton CO Corbett’s Auction House http://su.pr/8HeNVZ #
  • Auction Sale of The Day Bob Heberer’s Awesome Allis-Chalmers Collection Auction Nokomis IL Aumann Auctions, Inc. http://su.pr/24n5id #
  • Auction Sale of The Day HUGE BBQ RESTAURANT & Gift Shop AUCTION Warrenville SC USA http://su.pr/3oZKiq #
  • Auction Sale of The Day Rental Yard & Landscaping Equipment Denver CO USA Roller Auctioneers http://su.pr/2823gw #
  • Auction Sale of The Day SONIC DRIVE INN RESTAURANT INTERNET ONLY AUCTION Kansas City MO USA Equip-Bid Auctions Inc http://su.pr/AR26gI #
  • Ontario Auctioneers be sure to look us up at the Auctioneers Assoc. of Ontario annual conference this weekend in Cambridge Ontario #
  • Auction Sale of The Day 2009 COT Cup Cars, Car Hauler, Fab Shop Equipment COT Car Parts Catawba NC Iron Horse Auction http://su.pr/2O22hh #
  • Auction Sale of The Day Large Consignment Auction Antique Consignment Palisade MN Reinhardt Auction Service http://su.pr/1MQwxD #

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Global Auction Blog Twitter Weekly Updates for 2010-02-14

Sunday, February 14th, 2010
  • Auction Sale of The Day Concession, Enclosed trailers Online Auction Byron MN USA Bid-sell.com http://su.pr/2JBvMy #
  • Auction Sale of The Day Leslie Cope Art Collection Auction Cambridge OH USA Kaufman Realty & Auctions http://su.pr/AaJBvV #
  • Auction Sale of The Day ABSOLUTE St. Pete Beach Condo Top Floor St. Petersburg Beach FL Bay Area Auction Services http://su.pr/2sz3hX #
  • Auction Sale of The Day AFTER HARVEST FARM SALE Ulysses KS USA Carrithers Auction and Real Estate Service http://su.pr/1u98JL #
  • Auction Sale of The Day World’s Largest Retailer White Settlement TX USA Miedema Auctioneering, Inc. http://su.pr/1oRO5H #

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Global Auction Blog Twitter Weekly Updates for 2010-02-07

Sunday, February 7th, 2010

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Global Auction Blog Twitter Weekly Updates for 2010-01-31

Sunday, January 31st, 2010
  • Guess the auctioneer? “What happens in Brandon doesn’t stay in Brandon any more” #
  • http://twitpic.com/10jq0s - @ jdschultz John Schultz bringing technology to Manitoba Auctioneers #
  • http://twitpic.com/1073q2 - Leroy van Dyke in the Global booth http://www.leroyvandyke.com #
  • Auction Sale of The Day Outstanding 4-Day Antique Auction Evansville IN USA Sohn & Associates, Ltd. http://su.pr/1TuGSA #
  • @ pgauctioneer “Don’t enumerate the poultry before they incubate” moments before winning the MSAA auctioneer championship. Congratulations! #
  • Auction Sale of The Day Xtreme Performance Center, Inc - Internet Only Auction Dacono CO USARoller Auctioneers http://su.pr/1lkqPS #
  • Global arrives in Kalamazoo Michigan for the MSAA convention, already bought a T-shirt to prove this town really exists ! #
  • Auction Sale of The Day MULTI-PARTY FARM & CONSTRUCTION EQUIPMENT AUCTION Hastings NE USA Ruhter Auction & Realty, Inc http://su.pr/284GJC #
  • Auction Sale of The Day Quiznos Sub Shop Equipment Auction Kentucky Cleveland OH USA Double Take Auctions http://su.pr/2evCJg #

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Whistler Auction? Olympic Ski Resort Could Be Sold During Games

Monday, January 25th, 2010

From The Huffington Post

VANCOUVER, British Columbia — The Whistler ski resort, home to next month’s Olympic downhill, could be auctioned off in the middle of the Games after creditors moved to auction off the assets of Intrawest LLC.

A public notice of foreclosure has been posted in newspapers by the company’s lenders, which include Lehman Brothers and Davidson Kempner Capital Management, saying that an auction to sell the assets will be held Feb. 19, right in the midst of the Olympics.

The Intrawest properties also include the Whistler Sliding Centre which is the site of the bobsleigh and luge.

Intrawest spokesman Ian Galbraith said no company assets have been seized, and it’s business as usual for the Games. Galbraith called the notice of auction in the New York Times and Toronto’s Globe and Mail newspaper a standard practice by lenders during refinancing discussions.

“No foreclosure has happened,” he said. “We’re looking forward to the success of the Games.”

Intrawest said its parent, Fortress Investment Group, continues to own and control Intrawest and all of its properties, but the group of lenders said they hope for a speedy sale of Intrawest in one transaction.

“Each qualified bidder must be a financial institution or other entity that has the financial wherewithal to purchase the membership interests in immediately available funds on the closing date,” the public auction notice said.

Fortress could potentially forestall a sale by coming up with money. Intrawest reportedly missed payments last month that were due on a $1.4 billion loan.
Story continues below

Dan Doyle, the Vancouver organizing committee’s executive vice president of construction, dismissed concerns about whether the Games could still be held on the property.

“It doesn’t make very good business sense for people to put them out of business at the time of the year when they’re making their most earnings,” Doyle said following the local organizing committee board’s final meeting before the Games.

Doyle said bankruptcy doesn’t happen overnight.

“It’s a long process, it’s a process that takes months. Given all of that, we’re very confident that the Games will go on at those two venues in Whistler, and they’ll go on with the co-operation of the people that are running the mountain,” he said, noting that Games organizers have sought legal advice on the situation.

Organizing committee chair Rusty Goepel said the rush to auction makes no sense. He said it makes more sense to hold off and find potential buyers.

Vancouver-based Intrawest is owned by New York private equity firm Fortress Investment Group LLC. Intrawest has been struggling with financial problems since it was bought by Fortress in 2006 for $2.8 billion in cash and debt.

The deal was a leveraged buyout with a $1.7 billion loan which came due in late 2008, around the time when the financial crisis hit.

Intrawest has sold several assets in order to meet the payments, including a resort at Copper Mountain, Colo., and two resorts in France.

It’s not the first time Fortress has caused concern around the Games.

The City Vancouver had to take over financing for the 1,100-unit athletes village after Fortress stopped payment on its construction loan in fall 2008. The city said Fortress backed out due to cost overruns, and a crashing real-estate market that meant contractor Millennium Development might not be able to pay them back.

Vancouver taxpayers are on the hook for for the village. It meant the city became the lender to Millennium.

Popularity: 18% [?]

Global Auction Blog Twitter Weekly Updates for 2010-01-24

Sunday, January 24th, 2010
  • Auction Sale of The Day Antique & Estate ManagementArthur Clausen and SonsSunday January 24, 2010Edmonton AB Canadahttp://su.pr/1AUdJo #
  • Check us out on your Blackberry or on dialup http://www.globalauctionguide.com/mobile #
  • Thanks to everyone who stopped by our booth at Agdays # 1 Complaint = too slow on dialup # 1 answer = check out the new dialup link at the top #
  • Be sure to look us up at Agdays 2010 in Brandon Manitoba this week. Say you read this on Twitter and get a neat gift from Farm Auction Guide #
  • Auction sale Of The Day Armin Friesen Farm Auction 11:00 AM Thursday April 8, 2010 Grosseile MB http://www.farmauctionguide.com #
  • http://twitpic.com/ynl3k - The most important historical site in Canada that no one ever sees, Terry Fox memorial in Thunder Bay #

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Bennigan’s auction: Contents of closed Ann Arbor restaurant sold

Sunday, January 24th, 2010

Nearly 200 bidders gathered this morning as the Ann Arbor Bennigan’s restaurant -a 20-year fixture on South State Street - was auctioned off, piece-by-piece.

Nearly 200 bidders showed up Thursday morning as the contents of the former Bennigan’s in Ann Arbor were sold at auction.

Lon Horwedel | AnnArbor.com

The auction started inside with the memorabilia decorating the sports bar. Midway through, the auctioneers split the crowd into two groups: interior restaurant fixtures in part of the building and antiques across the room.

Eventually, the crowd moved to the parking lot, where booths, chairs, metal racks and other larger pieces were assembled.

Roger Yoder, a Bennigan’s employee, called the auction emotional. He’s worked for the owners, Mount Pleasant-based LaBelle Management, for 10 years - the last year of which was spent at the Ann Arbor Bennigan’s.

“It’s sad,” he said. “… Bennigan’s has been in this community for 20 years.”

The larger-than-expected audience included many of the restaurant’s former staff and customers.

“A lot of times, when a workplace closes, customers don’t get a chance to say goodbye,” said David Helmer, part of the Braun & Helmer auctioneering team leading the sale.

That wasn’t the case at Bennigan’s, which welcomed customers to its last day of business on Jan. 16.

Today, many of the people who’d dined there over the years, and admired the collection of memorabilia, got a chance to try to bid on it. Helmer called it a unique opportunity.

“Here, people could … get a piece of the history,” he said.

The auction was scheduled after the restaurant’s owners declined to renew the lease when the property owners raised the rental rate. The next tenant will be Red Robin, which hasn’t released details on the opening.

Yoder was among the employees present as the restaurant closed on Jan. 16. And he joined many of them in helping to prepare its contents for the auction after it closed.

Though Yoder knew the building’s contents would be sold over the hours-long auction, watching buyers take possession of pieces of the restaurant was hard, he said.

But watching the prices - set item-by-item by the bidders - was eye-opening, he said.

“It’s amazing,” Yoder said. “A lot of people want a piece of Bennigan’s.”

The restaurant contained equipment that caught the attention of many area restaurateurs who joined the crowd.

Among them was Mike Kabat, co-owner of Haab’s in Ypsilanti. He said he attends the occasional restaurant auction to watch prices and sometimes buy. Today, he also wanted to check the condition of some of the small wares in the kitchen.

“I like to see what things are going for,” he said.

The deal of the day may have been the bar itself. The four-sided structure - the focal point for the restaurant’s interior - dominated the center of the room.

Bidding climbed to $750. And stopped.

With no response from auctioneer Brian Braun’s last calls, Larry Gilling became its owner.

What will he do with it?

“I don’t know,” said Gilling.

But it likely will end up for sale again after Gilling transports it to his family’s antique store, Roadside Attractions in Metamora, about 30 miles east of Flint.

First he needs to dismantle it - and remove it from the building on Friday.

That, he said, is why the bar sold for that price.

Even Gilling would have paid more - if he’d had to.

“I would have gone up to $1,500,” he said.

Gilling attended the auction with several family members, including son-in-law Mark Lundy. He took a break from the bidding action to take a load of purchases - including two old pinball machines, a copper and brass fire extinguisher and two old planers - to their vehicle.

The group drove about an hour and 20 minutes to get to the auction, knowing the contents of a Bennigan’s would have items that fit their stores, Lundy said.

“I knew Bennigan’s had good old signs and neat memorabilia,” Lundy said. “… They always decorate well.”

That reputation drew more bidders than typically come to a regular antique auction, Helmer said. Some were former customers. Others came from Indiana and Ohio, and absentee bidders were from three additional states.

“It’s a larger turnout that I thought there’d be,” he said.

The restaurant equipment was a draw, he said. But so was the memorabilia, like the old signs. About 25 percent were antique, while the rest were quality reproductions from years ago, he said.

The variety of items crossing the auction block kept the crowd’s attention. Several pairs of antique snowshoes fetched about $25. The fire extinguisher sold for $50. A pair of antlers sold for $75.

And a shirt signed by the 1999 University of Michigan men’s gymnastics team - the year they won the national championship - sold for $400. The buyer: Rich Boyce, director of restaurant operations for LaBelle Management.

The company’s owner told him to make sure he bought it.

“They got $400 for it,” Boyce said. “But it’s something the owner wanted.”

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