Bidding begins at 7 a.m. Thursday on another 650 lots in an online-only auction and those sales will begin closing at 9 a.m. Friday.
The sale of a Ricoh printer for $900 at 7:32 p.m. on Wednesday night, ended almost nine hours of auctioning more than a 1,000 items from Tradition Studios.
When the auction began shortly after 10 a.m., almost every one of the 230 chairs was filled with bidders, and others lined one wall. All told, 350 registered bidders came to the auction and another 950 registered via the Internet, watching it on webcast.
The first item sold was a rather pedestrian blue laser pen for $40, though before that, one Internet bidder offered $1 million for the entire haul.
Auctioneer Kirk Dove, managing partner for San Diego-based Heritage Global Partners, which is conducting the three-phase auction for the U.S. Bankruptcy Court, quickly moved the fast-paced auction on to more interesting, and higher-valued, items.
The 950 lots, encompassing several thousand items, were sold in the live auction because they were more likely to sell locally or would be difficult to ship, Dove said. Bidding begins at 7 a.m. Thursday on another 650 lots in an online-only auction and those sales will begin closing at 9 a.m. Friday.
Dove said that auction will have a soft close, which automatically extends bidding on an item for five minutes after the latest bid.
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