Both Karen Villa (Sale of Auto Nets Charity Over $1 Million Dollars) and Bill Ryan (REMAX Leaders Have Winning Bid for CNN Hummer for Fisher House Foundation ) have recently posted about the Founder of RE/MAX buying the CNN Hummer for $1,000,000 with another $250,000 thrown in on top. This is a great thing for the Fisher House and the people helped and serviced there. I think we can all agree on that.
What I want to point out is that the money was raised and the vehicle sold utilizing the auction method of marketing and sale. This is a classic example of auctions bringing the highest possible price for an asset and truly setting market value for a particular item.
Everyone was happy from the donors, to the buyer, to the beneficiary, to the back up bidder. A true win, win, win.
Do you have questions about distressed assets, receivership or bankruptcy sales, auctions? Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.
Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com). The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast.
United Country Gryphon Realty & Auction Career Opportunities Available. Call 614-885-0020 x 17
Auction method kicks *** again.