I attended Ahni and Zoe by Creative Memories’ liquidation auction yesterday. The auction was run by Grafe Auction and was professional in every respect. I had never attended an auction of this type so I learned quite a bit about auctions. By the way, Scrappy sold for $40, and Rita sold for $50.
50-100 people attended the auction, with many more bidding online. It’s difficult to keep track of numbers, because people were coming and going. I intended to buy laboratory equipment but left with a few other items as well.
There were bargains. I bought two heavy duty metal storage cabinets for $20/each.
There weren’t a lot of bargains. Many of the people at the auctions were professionals who knew exactly what items were worth. Aeron office chairs that I wanted sold for $250 each. I didn’t get my chairs.
The Flowerdale Group, which had previously purchased the Creative Memories and the Ahni and Zoe brands, actively participated in the bidding. Apparently, they decided that it was more cost effective to purchase much of the equipment they needed at auction than to buy it prior to the auction. By the way, the Flowerdale Group did buy the Creative Memories album tester, which repetitively opens and closes an album, to help ensure that their albums would remain durable and long-lasting.
I did buy laboratory equipment, including a QEA Image Analyzer and a Sutherland Rub Tester. The prices were good but not extremely low. In these cases, I could outbid the professionals since I am planning to actually use the equipment, not resell it. I did not get Creative Memories XRF system. It sold for $3700, significantly more than the $1000 or so that I was prepared to pay. Even so, for $3700 somebody got a good deal for a system that originally sold for about $40,000. I heard one bidder comment that the price for a used XRF system is around $12,000.
The auction lasted until after 7:00, and when I left I was tired.