Town To Be Auctioned On eBay (Again) - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Town To Be Auctioned On eBay (Again)

Bruce Krall, who bought a California community two years ago, will re-auction the town on eBay next month.

An Orange County, California financial advisor is putting the town of Bridgeville, Calif., back on the eBay Inc. auction block nearly two years after buying it for $700,000.

Bruce Krall of Cohen Financial plans to re-auction the Humboldt County community on eBay next month. The auction will open online April 4 with a minimum bid of $1.75 million, more than twice what he paid for the 83-acre property about 40 miles southwest of Eureka. The bidding will be closed after 30 days.

Krall decided to re-auction the property on eBay because it received worldwide attention the first time. "I've never sold anything on eBay, but my wife has," he said.

Online auction agency Kompolt, which manages actions for high profile charity events, will pre-qualify bidders. "They've managed auctions to sell Elton John's piano or Jay Leno's motorcycle," Krall said. "They know all the rules and how to pre-qualify bidders," he added.

After purchasing the property, Krall poured nearly as much money to restore the town as the purchase price. "The town was in unbelievable terrible condition from houses pilled high to the ceiling with garbage to dilapidated buildings falling down," he said. "We fixed a lot of building and the septic tank."

Bridgeville, which dates to the early 1900s, includes houses, a post office, cemetery, cabins, and more. In total, the town has about 10 businesses and 38 employees, according to the U.S. Census Bureau.

The town became the first to be auctioned on eBay in December 2002. The property received nearly 250 bids. Bidding started at $5,000 and closed at $1,777,877. But the deal fell through and the property went back on eBay. Krall bought the property in 2004.

He intended to turn the property into a retreat, "but plans have changed and we're unable to leave southern California at this time," said Krall.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Who Should Own RPA?
Lisa Morgan, Freelance Writer,  2/18/2020
Commentary
IT Salary Report 2020: Get Paid What You Are Worth
Jessica Davis, Senior Editor, Enterprise Apps,  2/12/2020
Slideshows
10 Analytics and AI Startups You Should Know About
Cynthia Harvey, Freelance Journalist, InformationWeek,  2/19/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll