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

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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Popularity: 11% [?]

Whistler Auction? Olympic Ski Resort Could Be Sold During Games

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

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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Popularity: 12% [?]

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

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.”

Popularity: 17% [?]

Global Auction Blog Twitter Weekly Updates for 2010-01-17

January 17th, 2010
  • @ traffas is telling us about auction websites, interesting comment about “Social Fatigue” # msaa #
  • @ pgauctioneer Facebook is the bigger bullhorn for auctioneers #
  • Just sitting in on a Facebook seminar by @ pgauctioneer in Duluth Minnesota, Worth the time to “Network” with him #
  • Auction Sale of The Day SHOP & SAW SHARPENING EQUIPMENT AUCTION Estate Auction Saturday January 16, 2010 FREMONT NE http://su.pr/2uaPRr #
  • Auction Sale of The Day Jeff Rainey Estate - Owner Farm Auction Thursday January 14, 2010 Lamesa TX http://su.pr/2AqTWI #
  • Global has arrived at the Minnesota Auctioneers Convention, be sure to look us up on the trade show floor, or in the lounge, your choice :-) #
  • Auction Sale of The Day Squires Farms - Owner Farm Auction Wednesday January 13, 2010 Springlake TX http://su.pr/77TIik #
  • Auction Sale of The Day Bishop Farms - Owner Farm Auction Tuesday January 12, 2010 Edmonson TX http://su.pr/31PLHN #
  • Auction Sale of The Day LA PEANS IMPLEMENT DISPERSAL Monday January 11, 2010 MENOMONIE WI http://su.pr/AAHPRF #

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Popularity: 15% [?]

Global Auction Blog Twitter Weekly Updates for 2010-01-10

January 10th, 2010
  • Auction Sale of The Day ESTATE AUCTION Estate Auction Sunday January 10, 2010 HALSTAD MN http://su.pr/1kUAoO #
  • Auction Sale of The Day Unitedbids.com Wild Bills Kitchen Equipment Saturday January 09, 2010 South Fulton TN http://su.pr/1wkXtX #
  • Auction Sale of The Day Sunday River Ski Area - Chalet-Style SFH Friday January 08, 2010 Bethel ME http://su.pr/2dpIPT #
  • Auction Sale of The Day Sleighs, Primitives, Furniture, Antiques Thursday January 07, 2010 Fogelsville PA http://su.pr/1BfADW #
  • Auction Sale of The Day Restaurant Equipment Equipment Consignment Wednesday January 06, 2010 Denver CO http://su.pr/2BREaq #
  • Auction Sale of The Day Custom Welding Service, LLC Tuesday January 05, 2010 Grand Haven MI http://su.pr/1JmimD #
  • Auction Sale of The Day Model Home Furniture & Decor Online Auction Household Auction Monday January 4, 2010 Osseo MN http://su.pr/1mEm7i #

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Popularity: 16% [?]

IT’S THE PITTS — AUCTION JUNKIES

January 9th, 2010

Reprinted with Permission from Rural Messenger and Lee Pitts

by: Lee Pitts

You know you are an auction junkie…

* If you’ve ever missed one of your child’s soccer games, graduations, birthday parties or weddings because it was on the same day as a special feeder sale.

* You consider anyone who knows what six-weights were bringing at the sale last week an intellectual, and think a person is an an uppity social climber if they drop the names of an auctioneer, ring men or brand inspector into their casual conversation. You know for a fact that anyone who uses the “buy now” option on eBay without going through the auction process is a communist.

* If your favorite restaurant is the auction market cafe and you don’t even have to order and the waitress brings you your usual.

* At least one item of clothing you are currently wearing has the name of an auction business on it. Every pad of paper, calendar or pen in your house you picked up for free at the sale barn. The only thing you read in the paper is the market report.

* If you miss just one weekly sale the owner of the local auction market checks the obituaries to see if you died. You get a Christmas card from the sale barn and the highlight of your life so far was being listed in the Representative Sale column.

* You’ve ever taken a blind date to a horse sale. You stand when you hear the auctioneer’s song, had it played during at least one of your weddings and have asked your kids to make sure they play it at your funeral.

* Even though you haven’t owned any cattle in 20 years there’s at least one buyer’s card in your pocket, probably listing the stuff your wife wanted you to bring back from the grocery store after the sale. Once at the store, upon inspecting a bag of oranges or potatoes you ask the manager if you can “take one out.”

* You subscribed to DISH TV just so you can watch cattle auctions. While driving in your truck instead of listening to music or talk radio you listen to tapes of World Champion Auctioneers you got from the LMA. You’ve actually named a child Ralph, Skinner, Stout or Bowie.

* Your wife knows better than to make any doctor or dentist appointments for you on sale day. Instead of going to the eye doctor you check your own vision by trying to read the back tags on slaughter cows. The first inkling you had that you were slowly going blind was when you bought a set of Corriente roping steers instead of replacement heifers. And you consigned the steers!

* People have actually called the paramedics or the coroner because you can sit for hours without blinking, winking, twitching, moving any extremity or showing any visible sign of life. Your alarm is set to wake you up to the market report and you can’t take a nap unless you sit upright in a chair and hear the auctioneer’s voice.

* You go to an antique sale and are not buying or selling anything, or you sit through a six hour art auction and you don’t even like art all that much.

The only exotic locales you’ve ever taken your wife to for a vacation were Brush, Colo., Cottonwood, Calif., and Billings, Mont. And it just so happened that video sales were taking place there during your vacation. What a coincidence!

* As a young, single buck or a recent widower you view the monthly small animal sale as a target rich environment for finding a nurse or a purse. When you proposed to your last wife the final words of your proposal were, “Going once, twice….”

* You go to every bull sale within a 300 mile radius of your home and you are a stocker operator. You’ve taken a “donut” to sit on at a sale, everyone knows not to sit in your dog’s seat and you listed your lifetime collection of bull sale catalogs as an asset on your last loan application. And when you die you want them sold. . . at auction.

www.LeePittsbooks.com

Popularity: 21% [?]

Global Auction Blog Twitter Weekly Updates for 2010-01-03

January 3rd, 2010
  • Auction Sale of The Day Arlen Lash Online Only Farm Toy Collection # 1 Sunday January 03, 2010 Nokomis IL http://su.pr/5IaxE5 #
  • Auction Sale of The Day Big Time Towing Commercial Auction Saturday January 02, 2010 Dassel MN http://su.pr/7gXNiE #
  • Auction Sale of the Day NEW YEARS DAY ESTATE ANTIQUE AUCTION Antique Auction Friday January 1, 2010 MILTON ON http://su.pr/2ic0mZ #
  • Auction Sale of the Day IQBID Timed Online Auction Online Auction Thursday December 31, 2009 Hill City MN http://su.pr/1sFMvF #
  • Auction Sale of the Day AgIron 21 Litchfield MN Equipment Consignment Event 10:00 AM Wednesday December 30, 2009 http://su.pr/1kvSNc #

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Popularity: 17% [?]

Global Auction Blog Twitter Weekly Updates for 2009-12-27

December 27th, 2009
  • Happy Holidays from Dwayne and Chris and all the staff at Global Auction Guide Media Group !!!! #
  • Auction Sale of The Day Former Assets of Nachi America Wednesday December 23, 2009 Macomb MI http://www.globalauctionguide.com #
  • Auction Sale of the Day RETIREMENT SALE Edward & Marion Wahlenberg Business Auction Sunday May 30 2010 in Waterhen MB http://su.pr/6jlJ76 #

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Popularity: 22% [?]

Global Auction Blog Twitter Weekly Updates for 2009-12-20

December 20th, 2009
  • Auction Sale of the Day Farm Auction for Estate of John Kingzerski arm AuctionSaturday June 5, 2010 in Rorketon MB http://su.pr/5kWVzc #
  • Auction Sale of the Day 307 Acres - Stutsman County, ND Farm Land Auction Monday January 18, 2010 in Jamestown ND http://su.pr/2l9drh #
  • Auction Sale of the Day Guns, Ammo, Shop Equip, Tools & More Estate Auction Saturday January 30, 2010 in Seward NE http://su.pr/19eDhZ #
  • Finishing up some last minute changes on the redesigned http://www.globalauctionguide.com 8 years in the making so we wanted to do it right #
  • Auction Sale of the Day Antiques, Collectibles, Large Collection Sunday December 20, 2009 in New Berlin IL http://su.pr/2EhSLR #
  • Auction Sale of the Day Farm & Construction Equipment Consignment Auction Saturday December 19, 2009 in Eunice LA http://su.pr/1Hl3yn #
  • Auction Sale of the Day Over 2,000 lots of Computers / Disney Art / IT ! Friday December 18, 2009 in Corona CA http://su.pr/2p5LKG #
  • Auction Sale of the Day 80 Acres Douglas County Nebraska Land Wednesday December 16, 2009 in Gretna NE http://su.pr/22JP4g #

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Popularity: 22% [?]