Bid4Assets.com Auctioning J. Peterman Assets

Share this article:
Bid4Assets.com, Silver Springs, MD, an online marketplace for buying and selling high-value assets from distressed companies, is auctioning certain assets from J. Peterman Co., a retail and catalog company.


Assets with a retail value of $111,615 are part of the auction and include a vintage electric barber pole, an Indonesian rickshaw, 173 autographed New York Yankee home plates and 71 Yankee team photographs circa 1923.


The auction, which is taking place at www.bid4assets.com, started Nov. 13 and will conclude tomorrow.


J. Peterman Co., Lexington, KY, which sold vintage-inspired men's and women's clothing as well as collectibles and gifts from around the world, filed for Chapter 11 bankruptcy protection almost two years ago.


In 1999 the company was purchased by Paul Harris Inc., which sold J. Peterman's intellectual property to Schottenstein Bernstein Capital Group in October for $700,000. Paul Harris entered into a joint venture with Schottenstein Bernstein to sell J. Peterman's inventory.


Under the agreement, Paul Harris received an upfront payment of $1.6 million and is expected to receive additional money after a count of its inventory is complete.
Share this article:
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Wine.com Uncorks New Digital Marketing Opportunities

Wine.com Uncorks New Digital Marketing Opportunities

The online wine retailer's strategy incorporates different flavors and depths.

93% of Companies Are Ineffective at Cross-Channel Marketing

93% of Companies Are Ineffective at Cross-Channel Marketing ...

Companies point to a lack of resources as the most common reason for lackluster marketing integration, a study says.

Metal Mulisha Races Towards Customization

Metal Mulisha Races Towards Customization

The motocross apparel company boosts mobile and Web conversions through product recommendations and personalized search.