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The company began as a local auction company selling real estate, farms and personal property run by Kruse and his sons Dean, Dennis and Daniel. The company held its first collector car auction in Auburn on Labor Day in 1971; the Labor Day auction became an annual event and grew to become the largest collector car auction in the world. [1]
In 1971, the Auburn Chamber of Commerce needed fundraising for their annual classic-car show. Kruse suggested auctioning off some of the antique cars. When a bidder's $61,000 bid for a locally-made Duesenberg was turned down, the press picked up the story, and his fame as a car auctioneer took off. He started the Kruse Auction Institute in 1972 ...
Known to many as the "Dean of Auctioneers," Kruse was once a well-respected member of the collector car hobby. [3] A 1957 graduate of the Reppert School of Auctioneering in Decatur, Indiana, Kruse cried his 5,000th auction in Houston in 1987, and is reportedly one of the youngest men to even attain that goal. Kruse is a former Indiana State ...
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In 1979, Kruse left the collector car business to focus on local auctions and real estate. A 1964 graduate of the Reppert School of Auctioneering in Decatur, Indiana, Kruse served as president of the auction school, from his purchase of the school in 1996, until its sale to the Christy family in Indianapolis in 2011. Kruse graduated from the ...
The sale, to a private buyer, was for 135 million euros ($142,769,250). It handily outstripped the previous record-setting $48.4-million sale of a 1962 Ferrari 250 GTO at a 2018 auction to become the most expensive car ever sold at auction. Both of these high-dollar sales were brokered by RM Sotheby's. [1]
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