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The Surplus Record has been available online since 1986, [4] when buyers would use 2400-baud modems to access it. Currently, it is the largest online directory in the world for surplus capital equipment. [5] The company started its own online auctions in 1999, [1] [6] a year before it was acquired.
Government property sold at public auction may include surplus government equipment, abandoned property over which the government has asserted ownership, property which has passed to the government by escheat, government land, and intangible assets over which the government asserts authority, such as broadcast frequencies sold through a spectrum auction.
An auction for the pipelines was announced in 1946, which was designed to give preference to bidders who intended to use them for moving petroleum. [ 55 ] 16 bids were received, with the highest cash bidders being companies hoping to use the pipelines for natural gas. [ 56 ]
NOV Inc., formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas.It is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
The Kruse family is also noted for conducting the $41 million sale of the famous William F. Harrah automotive collection. The sale of this 1,000-car collection was spread over three auction sessions in 1985, 1986 and 1987. The company was sold to ITT in 1981, but the family bought it back in 1986.
The school currently offers a ten-day auction training class three times a year in their Auburn, Indiana location at Kruse Plaza. The Reppert School of Auctioneering has had graduates from every state in the United States, as well as multiple foreign countries, and is the nation's longest continually operated auction school, with classes every ...
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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]