In total, Park Village Auctions reports that over a thousand lots made up of the properties and the plant, machinery, equipment, vehicles and other movables fetched approximately R100 million excluding VAT.<\/p>\n
“We are pleased with the outcome of the auction and honoured to have been the liquidators\u2019 choice auctioneers,” it said.<\/p>\n
“We trust that the realisation of these assets goes a long way in assisting the joint liquidators with their mammoth task of putting this concern bed.”<\/p>\n
Vehicles<\/strong><\/p>\n Day one saw buyers purchase a number of cars including various Toyota models (such as Hilux, Fortuner, Avanza, Corollas, and Quantum), bakkies and minibuses as well as luxury vehicles that had been issued for personal use.<\/p>\n Among the luxury vehicles, the infamous blue BMW X5 driven by the late Gavin Watson sold for R590,000 excluding VAT and commission.<\/p>\n Other noteworthy vehicle sales include a 2016 Mercedes Benz C250 (95,640km) sold for R255,000\u2014well below the average used selling price.<\/p>\n Park Village Auction’s Graham van Niekerk said that online vehicle bidding alone fetched over R2 million.<\/p>\n Properties<\/strong><\/p>\n Day two of the auction saw the three fixed properties on the block.<\/p>\n The Smart Global Campus premises, the head office of AGO\/Bosasa operations, fetched R14 million excluding VAT and commission.<\/p>\n The Lindela Repatriation Centre sold for R60 million ex commission and VAT.<\/p>\n Lastly, the property on which Rodcor, the ‘to-be-commissioned\u201d’ copper plant stands sold for R11.5 million excluding vat and commission.<\/p>\n Furniture, Art and Equipment<\/strong><\/p>\n From the remaining assets sold over the course of the auction (the bulk of which was sold on day three), some noteworthy sales included:<\/p>\n Record-breaking sales <\/strong><\/p>\n While most people attend auctions as a means to acquire quality second-hand assets at fair prices, the nature of this sale and the controversy surrounding Bosasa saw some record sales, Park Village Auctions said.<\/p>\n An industrial Nespresso coffee machine, with assorted crockery, sold for R96,000. It is said that the buyer purchased several additional coffee machines from the sale.<\/p>\n An attractive and well-maintained, glass-top U-shaped boardroom table; twenty executive leather chairs; a magazine stand and a flip chart sold for a collective R242,000.<\/p>\n You can find a full list of everything sold at the auction here<\/a><\/strong>.<\/p>\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/12\/BMW-X5.jpg\")
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