Wednesday, January 11, 2012

Carriage foreclosure auction moved out to late February

After creditors forced the shutdown and sale of assets of Carriage RV, auctioneering firm, Myron Bowling Auctioneers, scheduled a February 9 selloff. In a "re-mark your calendar" move, the auction house says they've moved the date out to February 21.

The sale of everything from parts, completed rigs, equipment, and intellectual property rights will take place in Millersburg, Indiana before a live crowd, but bidders can also ring in their bids via the Internet. A public inspection will allow hands-on inspections on February 20th. The auction company has yet to publish a catalog of items for sale, but says it typically has one up on the web five days prior to the sale.

Carriage, who manufactured brands Cameo, Royals, Resort Vehicles, Domani, Carri-Lite, Cabo, and the Carriage line was quite popular among RVers. What with the intellectual property rights and "intangible assets", which includes the company name and brand names, phone numbers and Internet website up for sale, there is the potential that a successful bidder could resurrect the line from the death of financial insolvency and make Carriage live again.

Potential bidders, both at the site itself and those who would visit via the web, should be aware of the auctioneer's sales criteria. Cash, company check, or wire transfer are the only acceptable payments--credit cards will not be accepted. Online bidders will be required to have made a deposit prior to the auction day of at least 25% of their anticipated bid amounts. The auction company charges a buyer's premium.For more details, visit the website.

1 comment:

Online Public Auctions said...

Informative post, auction sale is a nice method to clear the space for new sale; it would be more attractive if you could add more snaps of different items for sale.