Under the gavel of Joseph Finn Co., Inc., a Boston-based industrial auctioneering and appraisal firm, select assets of The Creative Group, a major New York City video post-production house, reeled off the auction block on October 23, 2013. The online auction of surplus equipment, which was conducted in anticipation of an upcoming relocation, far outpaced pre-auction expectations. News of this successful liquidation was announced by AccuVal-LiquiTec and Joseph Finn.
Given the overwhelming industry demand for video post-production equipment, the bidding was quite strong by the diverse mix of domestic and international online bidders who were attracted by the targeted marketing strategies. With nearly 200 lots on the block, the final auction results were more than triple the seller’s initial expectations.
"I believe that the successful outcome of this auction is a reflection of the perfect combination of great assets offered in a competitive environment fueled by our top-notch marketing efforts,” noted Paul Finn.
"I think these results are a benchmark of the success any company can expect from AccuVal-LiquiTec and Joseph Finn,” said Marc Swirsky, President – Liquidation Services at AccuVal-LiquiTec, adding, “especially when you consider that this was a ‘Short Notice Sale’ – completed in only 10 days from start to finish.”
The asset inventory of this auction featured a wide range of the most sought-after video post-production and editing equipment such as digital switchers, digital effects processors, mixers, encoders and studio monitors from many of the industry’s leading manufacturers including Sony, Panasonic, Digidesign and Dolby.
AccuVal-LiquiTec is the industry leader in corporate valuation, advisory and disposition services. It appraises and liquidates all corporate assets including business enterprises, equity & stock, bonds, intellectual property, machinery & equipment, inventory, real estate and accounts receivable in virtually every industry segment.
Joseph Finn Co., Inc. is an industrial auctioneering and appraisal firm started in Boston over 50 years ago by Joseph Finn. It conducts online, onsite and webcast auctions for a variety of industries worldwide. It specializes in the audio video industry, printing industry, machine tool industry and plastics.