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RM Auctions has bought the Kruse auction park in Indiana. Bidding is shown at RM's auction in April in Novi, Mich.
| RM Auctions buys Auburn complex from Kruse
By Dale Jewett | 07/01/10, 12:23 pm et
RM Auctions has bought the Kruse International Auction Park in Auburn, Ind., from financially troubled auctioneer Dean Kruse and plans to hold the site’s annual Labor Day weekend car auction Sept. 2-6.
Rob Myers, RM Auction CEO, said his company will spend the next several weeks making upgrades to the auction facility and lining up consignments. Myers said he expects to have between 1,000 and 1,500 cars for the September auction. He also plans to hold a spring auction at the complex.
The acquisition vaults RM Auctions, based in Chatham, Ontario, into a high-volume segment of the auto-auction business that caters to fans of muscle cars, customs and hot rods. Until now, RM Auctions has focused on smaller, high-end events and vehicles--selling 200 or fewer vehicles in places such ... |
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