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On May 25, 2010, the Indiana Auctioneer Commission revoked the auctioneer's license of Dean Kruse amid charges that the company failed to pay clients who had sold items through the company. [1] On July 1, 2010, Kruse sold its auction park, home to the annual Auburn auto auction, to RM Auctions of Canada. [5]
The auction was originally meant as a one-time event, [9] but was more successful than expected, garnering 3,000 attendees. It became an annual event, [6] and eventually prompted the creation of other collector car auctions in the Scottsdale area. [10] Jackson's wife Nellie was a car enthusiast and also took part in the business. [11]
He is a past president of the Indiana Auctioneer's Association, and was elected as a member of their hall of fame, [5] along with his father Russell and brother Dennis Kruse. Dean was responsible for negotiating the purchase of his auction company in 1999 by online auctioneer eBay which paid $275 million for Kruse International and Billpoint. [6]
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Copart provides vehicle sellers with a range of services to process and sell repairable and clean title vehicles over the internet, using its patented virtual auction technology, named VB3, as well as others of its auction-related brands. Copart is a public company and is traded on the NASDAQ under the ticker symbol CPRT and has been named to ...
By 1947, the new building with four lanes to auction vehicles opened and soon the partners realized the general public was purchasing their vehicles at the auction instead of their dealership franchises. This action prompted the partners to make Manheim Auto Auction a dealer-only enterprise, making Manheim the largest auto exchange in 1959. [2]
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