Crane Cams Auction Begins as Scheduled Today

[TimTaylor751647545500]

 

Finally, after much to-do the liquidation of the Crane Cams property in underway - just two hours ago the intellectual property rights were sold at auction for $1.2 million. The purchaser is undisclosed at this time, but they were a group of 4-5 men with highly a highly organized plan of attack, each guy had volumes of printed material, one of them had a laptop running with an air-card, etc. The actual buyer was undisclosed, but several members of the group seated together bidding were identified to me as former directors of Crane Cams in the pre-Mikronite era. After purchasing the intellectual rights, this same group of gentlemen purchased all of the current inventory on hand, as well as the raw materials, and work in process. The then began purchasing equipment, very selectively I will add, and were the high bidders an every item they bid on with what seemed to be no regard to price. They did not purchase any of the older cam grinding equipment, but did purchase most of the precision equipment that was selling in the early lots.

 

Also of note: Representative of Scorpion Performance were on hand, and after much press online about acquiring Crane Cams they ended up bidding $1m for the entire contents and assets of Crane Cams. That bid was defeated as the very next lot # was the intellectual rights alone, and those sold for the previously mentioned $1.2m. The Scorpion reps departed the bidding area shortly thereafter.

 

More details to come as the auction continues… You can see below that much of the equipment is in sad shape… like aging dinosaurs and museum pieces.

 

Sucks to see auction tags all over that equipment

 

http://www.realestatejokers.com/

[FourString]

That sucks. Looks like there is some nice ass equipment in there to be had though.