John R. Stoebner, the court-appointed Chapter 7 Trustee in the PBE Corporation bankruptcy proceeding that involves the Polaroid Collection, anounced on January 3, 2010 that he has found buyers for most of the collection. This opens the way for a poential auction for the several remaining components of the Polaroid Collection, with competitive bids due no later that 5 p.m. CST on January 20, 2011 — 10 days hence. That leaves a very brief window of opportunity for any institution or other potential purchaser to submit an offer. […]
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Polaroid Collection: Done Deals
There were no bids made on the photographs still at Sotheby’s. This cluster, named the “Sotheby’s Assets” by the court, had a minimum bid figure of $556,750 during the earlier bidding period. It’s my understanding that this lot includes some 685 works, among them the ones withdrawn just prior to the auction due to the campaign to stop the auction, those that went unsold at the auction, and presumably some others brought down from storage in Somerville to Sotheby’s in anticipation of the auction but for various reasons not included therein. […]