Coachworks, Ft Valley GA. Auction

[Pete Masterson]

I saw ads for the auction in FMCA magazine and possibly one other RV-related magazine. I received a flyer directly from the auction house (I presume because I was a member of the BB Chapter of FMCA). The auction house probably also contacted all other potential bidders they might have identified. This is what auction houses do -- their job and their commissions depend on getting the highest (best) prices for the offered materials as can be arranged. They will advertise and promote the auction to as many people as is possible.

The creditors can (and probably did) set opening bid prices and may have had reserve prices (minimum acceptable bid) on many of the items. I doubt that talk on WOG or anywhere else had any impact on the number or quality of bidders at the auction.

Pete Masterson

(former) '95 Blue Bird Wanderlodge WBDA 42

El Sobrante CA

"aeonix1@mac.com"

On Oct 21, 2009, at 8:54 AM, Don Bradner wrote:

That is simply ridiculous. Do you actually think Cerberus and Parliament were there bidding (the two heavy bidders on the IP) because of talk on WOG?

Do you actually think the buyer of the property (who is going to build tour busses) was there bidding on the heavy equipment because of talk on WOG?

Sheesh!

On 10/21/2009 at 3:23 PM gregory O wrote:

It is just a shame that so many people made it to the auction. It sounds

like wog shot the bus in the foot by making the auction a big successful

event for the bank.