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Jewelry, Watches, Antiques and Giftware Inventory for Auction
Listing Information
Attachments
Jewelry, Watches, Antiques and Giftware Inventory for Auction
Price: $140,000.00
Other Item Info
Item #: cacbke_1808054
Created: 07/28/2018
Category: Business Property > Inventory > Other
Sale Location: Beverly Hills, California
Sale Date: Sat. Aug 11, 2018
Created: 07/28/2018
Category: Business Property > Inventory > Other
Sale Location: Beverly Hills, California
Sale Date: Sat. Aug 11, 2018
Seller Info
Victor A Sahn
Debtor's Attorney
333 S. Grand 34th Fl
Los Angeles, CA 90071
213-626-2311
Debtor's Attorney
333 S. Grand 34th Fl
Los Angeles, CA 90071
213-626-2311
Bankruptcy Info
Case #: 2:17-bk-23986
Case Title: R & S Antiques, Inc.
Court: California Central Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: R & S Antiques, Inc.
Court: California Central Bankruptcy Court
Chapter: 11
View Case Docket
Description
Auction Sale of Inventory of R & S Antiques, Inc., doing business as David Orgell ("R&S"), will conduct an auction (the "Auction") of all David Orgell inventory remaining following the closing of the David Orgell's Rodeo Drive retail location (the "Inventory"), and more described as below:
The Inventory is comprised of the following items, which are divided into four "batches:" (i) Watches (and watch straps); (ii) Jewelry; (iii) Antiques, and (iv) Giftware. A complete list of the Inventory is available at: http://bit.ly/Orgell. Pictures of the Watches and Jewelry are available at: http://bit.ly/OrgellPhoto (note that some of the photographs are representative of the actual items available for sale, and not pictures of the items themselves). In addition to the foregoing Inventory, R&S will present for sale a large disassembled Waterford crystal water fountain, which has been in a number of storage boxes for many years and is an item separate from the Watches, Jewelry, Antiques, and Giftware described above.
Financial Overview
Income and Expenses ($)
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Asset and Liability Summary ($)
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Inventory:
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Sale Location
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Beverly Hills, CA, 90212
Additional Details
- Auction Time: 11:00 a.m. to 12:00 p.m.
- Sale Hearing Held on August 16, 2018 at 10:00 a.m.
- Preview Date & Time: The seller will hold an open preview of the Inventory at 141 S. El Camino Drive, Suite 210, Beverly Hills, CA 90212 on August 8, 2018 at 10:00 a.m. to 12:00 p.m.
- Minimum Bids: The minimum bids for the Inventory will be as follows: $140,000 for all of the Inventory or, if the proposed purchaser is interested in bidding on individual batches, (i) $17,000 for all Jewelry, (ii) $63,000 for all Watches, (iii) $38,000 for all Antiques, or (iv) $21,000 for all Gift Items.
- Bid Deposit: 10% of the minimum bid required for the asset(s) upon which such prospective purchaser is bidding (i.e., $12,200 for all Inventory; $2,000 for Jewelry; $6,300 for Watches; $1,400 for Antiques; $2,500 for Gift Items).
- Bid Increment: Overbids at the live auction will be in increments of not less than $5,000 over the prior bid submitted.
- Last date to respond: 14 days from the date of service
- Date of Service: July 26, 2018