Some of the Most Expensive Items Sold at Auction

Since Rabin is one of the foremost industrial and commercial liquidators and has sold equipment assets in every trade sector and on almost every continent, we thought it would be fun to learn more about other types of auction sales.  In a recent article from Town and Country’s online site, they listed some of the most expensive luxury items sold at auction over the last several years.  Here is a sampling of some of those items.

An extremely rare stamp was sold at auction in June, 2014 and set a world record for its $9.5 million selling price.  The 1856 Magenta one-cent stamp is from British Guiana and was a part of the collection of John W. Dupont.  Another item, a rare 1719 ‘Macdonald’ Stradivarius viola failed to attract a buyer when it also went up for auction last year.  It was a sealed bidding process and the seller’s lowest asking price was $45 million.

In late 2013, Christie’s Auction House sold one of a series of balloon-like sculptors by Jeff Koons.  The Balloon Dog (Orange) sold to an anonymous telephone bidder for $58.4 million, and according to the New York Times, became the most expensive work by a living artist to sell at auction.   Also sold in 2013 was the Clark Sickle-Leaf Carpet.  This carpet is from around the 1700’s and is thought to be from the Kerman Province in what is now Iran.  The carpet sold at Sotheby’s New York for $33.7 million. 

The world record for the highest price paid at auction for a diamond is the Graff Pink emerald-cut 24.7 carat diamond.  It sold at Sotheby’s in 2010 for $46.1 million.  An $11 million world record for a pocket watch goes to an anonymous bidder in 1999.  It was a 1933 Patek Philippe, which took more than six years to assemble.  Finally the most expensive bottle of wine was a jereboam of 1945 Chateau Mounton Rothschild that sold for $310,700 in 2007.

Source: townandcountrymag.com/leisure/arts-and-culture/reviews/g753/22-of-the-most-expensive-items-ever-sold-at-auction

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Our operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. When you need to sell assets, realize your maximum value by using the services of highly experienced commercial liquidators.

Auction for Co-Packer of Prepared Salads, Sauces, Dips and Spreads

 

Rabin is holding an upcoming auction in association with Capital Recovery Group & PPL Auction Group for the equipment from the former Hot Mama’s.  The online auction opens for bidding on March 2, 2015 at bidspotter.com and closes on March 5th. 

The auction’s pre-inspection will take place on March 4 from 9 am – 4 pm, or if desired, you may inspect items by appointment at an earlier date.  The location of the equipment is 120 W. Palatine Road, Wheeling, Illinois.  Furthermore, without exceptions, the final date for check-out is Friday, March 13^th and any items that have not been checked out will be deemed abandoned. 

Auction items from this specialty food producer of prepared salads, sauces, dips and spreads include some items that have never been used. These are a Praxair Coldfront 40" x 16' LN2 IQF tunnel that was purchased new in 2013 and is still on a skid.  A Quadrel Q65A top and bottom automatic labeler that is also new as of 2013 and still crated.  Lastly, an Olney GP24 flotation/destoning washer still on a skid and purchased new in 2013. 

Other items include preparation equipment such as two Stephan high-speed batch mixers (model TK 150) and four Stephan Microcut emulsifiers (models MCH-15, -20, and MCH-D150N).  There is filling equipment such as the Pack Line 12 station rotary cup filling machine for 5" dia. cups and Pack Line 2 up cup filling and sealing machine (model PXG-2-PAO).  Additional auction items include equipment for packaging, test kitchen & QC lab and mobile equipment such as a Hino 24' refrigerated box truck.

For the complete listing of items, go to our Rabin website.  There you will find more comprehensive details as well as all of the information on how to get registered to bid.  If you need further information or have questions, please contact us.     

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Our operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more.auc

Rabin is headquartered in San Francisco with an office in Manchester, United Kingdom.  Please contact us to learn more about our services.

 

 

Live Auctions are Fun and Exciting!

With several on site auctions happening over the next couple of weeks, we thought we would take a moment to remind future bidders of the excitement and action that takes place at one of our live auctions.  At Rabin we know that for many the convenience and ease of our online auctions is crucial to being able to participate, but for those that can travel, attending a live auction is lots of fun!  

There are even some benefits to being at the auction site.  We all know that no matter how good pictures may be, nothing beats the opportunity to inspect an item up close and in person.  Another advantage is that if you come early, you will be able to attend the public pre-inspection of the auction items.  This allows you to look the equipment and machinery over carefully.  Also if you are unable to stay for the full duration of the live auction, we can easily set you up to continue bidding from an online location as Rabin’s live auctions are simultaneously on the Internet. 

At the auction site, you will have the chance to meet our team and perhaps even get some inside information on items you are interested in bidding on.  In addition you will have the opportunity to meet new contacts and network with others in your line of business.  You can also feel out your competition to get some idea of what you are up against when it comes time to bid.   

Being at the auction site can also be helpful in figuring out how to move your new items.  The Rabin team will be glad to answer questions regarding the most efficient way to transport them and what size truck you will need.  Furthermore, we can direct you to our experienced contacts that have the know-how to move heavy equipment and machinery. 

As professional industrial liquidators, Rabin Worldwide offers their clients a wide range of services.  In addition to being specialists in providing companies with expert asset recovery services and asset valuation, they also run an in-house commercial real estate investment and management company.   Rabin is headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom.

Turnkey Opportunity of PET Plastics Bottle Recycling Facility

 

At Rabin we understand that in many cases an auction or liquidation sale is not the most appropriate strategy to realize value for our clients.  There are certain facilities that already have a successful business model, intellectual property and experienced employees and are just in need of an investment of capital and the right professional management. It is in these types of situations that a better outcome for our clients may be to sell the property through a turnkey sales process.

Such is the case with the turnkey opportunity for the world's largest Plastic Bottle-to-Bottle Recycling Complex, which was formerly of Coca-Cola.  This unique offering is for a complete, FDA-approved PET bottle sorting, washing, and recycling plant.  It includes the more than 100,000 square foot facility that consists of two buildings on 35 acres, with a capacity of 7.2 million lbs. of input per month.

The turnkey facility is ready to go into immediate production and has a 2 million lbs. silo capacity.  In addition all of the equipment was installed in 2008. Inventory items include:

·         Sorting line of positive TiTech optical sorters and Bollegraaf conveyors

·         Grinding systems of Herbold granulators

·         Clear and colored caustic wash lines with dry and wet cleaning station

·         Caustic/PET flake application line producing 3.5 million lbs. of clear flake for bottle-to-bottle material.

Rabin will have more details coming soon.  This facility is in Spartanburg, South Carolina at 5396 North Blackstock Road.  Our proven ability to successfully navigate through all the aspects of complex sales processes, coupled with our unparalleled experience in executing large scale auctions and liquidations, offer our clients a compelling one-stop-shop value proposition.  Please check back on our website for this and other turnkey opportunities we may have available.

 

As professional industrial liquidators, Rabin Worldwide offers their clients a wide range of services.  In addition to being specialists in providing companies with expert asset recovery services and asset valuation, they also run an in-house commercial real estate investment and management company.  Rabin Management Company currently owns and manages over 1,000,000+ square feet of office, multi-family and retail commercial real estate.  Rabin is headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom.

 

Our Successful Turnkey Transaction for Davis Cookies

At Rabin we provide turnkey sales and solutions throughout North America and actively market and sell companies in their entirety, including equipment, inventory, intellectual property, customers, and often the attached real estate.  We have the expertise to navigate through all of the aspects of a complex sale process and are able to conduct auctions of any size on behalf of our clients.

One example of our success is from a couple of years ago with the Davis Cookies Company. Along with their partner, CRG, they hired Rabin to sell off all of its equipment assets at auction.  The plant had produced Archway cookies for decades until Archway was force to file for bankruptcy. 

Our solution was to mount an intense marketing campaign to try and secure a buyer.  After four months, we successfully found an interested party that wanted to purchase the entire facility prior to the already scheduled auction.  This resulted in Davis Cookies selling the entire operation, which included retaining all of the current employees.  It was a win-win for our client, the buyer, and the employees as well as for the community.  We were more than happy to cancel the planned auction. 

This is just one of the types of services we provide for our clients.  With over 60 years of experience in the industry, we have gathered quite an extensive buyer database that enables us to target strategic buyers both on a product and a geographic basis.  We bring a unique combination of financial strength, diversified experience and unparalleled professional expertise to take on deals of any size and of any complexity.  Contact us for more information. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Our operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to learn more about our services. 

Power Generation & Electrical Machinery Online Auction



 

You may want to take note of another upcoming Rabin auction that will be ONLINE ONLY in our Power Generation & Electrical Machinery division for the company formerly known as USEC.  This online auction will be held at bidspotter.com.  We have not confirmed the date yet, but if you give us your email address, we will send a notification on venue changes, significant updates to the catalog and other important details about this auction.

This auction will offer items that were purchased new in 2008 and were never installed.  Diesel Generators include:  four (4) 2008 Caterpillar M/N 3512CDG/SR4B-GD backup generator, diesel engine, 1537 KVA, 1230 KW, 60 Hz, generator 3 PH, 6-wire, 480 v, 1849 amps, w/muffler as well as two (2) 2008 Caterpillar M/N C27 back-up generator, diesel engine 906 KVA, 725 KW, 60 Hz, generator 3 PH, 12-wire, 480v, 1,090 amps, with muffler.

Heat Exchangers include eight (8) WCR M/N WCRA891M plate heat exchangers, stainless steel, MAWP (hot/cold), 150 psi at 266 Deg. F, MDMT -5 Deg. F at 150 psi, test 195 psig, approximately 80 plates each.  The Electrical Inventory includes: (16) General Electric M/N 9T83C9874-Type QL general purpose power transformers, dry type, 3 PH, 75 KVA, 60 Hz, 480 (+2, -42.40%) voltage; three (3) CD Technologies M/N ARR-M12550F UPS battery chargers, 480 volt; 3 PH, with AC/DC breaker; and ten (10) Flowserve MK3 STD centrifugal pumps.

 

Furthermore, the auction will include a large quantity of Marwin & Flow Tek stainless and brass ball valves, Centerline, Crane Duo & Powell butterfly gate valves, MKS pressure transmitters and transducers, and much more!​  Check our website to see the complete listing of items for sale and to get the date. 

You will also find detailed instructions on how to sign up as a registered bidder, and while you are there, be sure to take a look at other upcoming auctions.  Contact us if have further questions regarding all of our services.

 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Our operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to learn more about our services.