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Gotham Book Mart Goes to Liquidation
The Fine Books & Collections blog has more after speaking with the auctioneer, Elliot Millman. He said that it was a difficult situation and that it was his job "to recover the judgment" for the landlord, who is owed "between $500,000 and $600,000." He said he expected the contents to be sold to a single bidder - "that's the way I think it will go," he said. Millman said the landlord planned to give any buyer of the entire contents until June 8 to vacate the premises. But anyone who wants to watch the proceedings must be aware that the entry fee to get inside is $1000 cash or certified check. "This is not a gallery sale like at Christie's or Sotheby's," Mr. Millman said. "This is a sale by the City Marshal." Email This Post |
The First Word On the Book Publishing Industry
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