More items from the closed down hospitality empire Pialligo Estate are being auctioned off by liquidators RSM Australia, including a gazebo, wine barrel and "signature" olive oil drums.
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The failed Canberra hospitality business collapsed owing $10.6 million to 600 people and businesses last March.
Allbids is hosting the auction, with most items to be sold on Tuesday evening.
As of Tuesday at 12.05pm, the highest bid for an item was $1015. It was placed on an infrared rays heater.
A lucky bidder might score an AFOS Kiln AK4 commercial fish/meat smoker, which Allbids says retails for nearly $357,000, for only $106.
The highest bid for "a collection of cafe furniture", including chairs and tables, was $51.
And someone has bid $810 for five Pialligo Estate signature 20L olive oil drums. They have an original retail price of $750.
All up, there are 16 drums up for auction.
Another buyer has placed a winning bid of only $1 on a set of four reproduction point of sale stands.
Pialligo Estate auction items
Highest bids as of Tuesday, 12.05pm.
- AFOS Kiln AK4 commercial fish/meat smoker ($106)
- Semi automatic labeller ($90)
- New solid timber foldable workbench ($223)
- Outdoor display stand with metal frame and wheels ($80)
- PVC gazebo ($338)
- Vintage full size oak wine barrel ($102)
- Airrex far infrared rays heater ($1015)
- Collection of cafe furniture ($51)
- Pair of plastic bar counter ($59)
- Five x Pialligo Estate signature 20L olive oil drums ($810)
- Fire extinguishers and fire blanket ($51)
- Reproduction point of sale stand ($48, $3, $1)
- Five display easels with wooden sign stand ($82)
- Three solid wooden doors ($151)
- 250 x 1L glass bottles ($41)
- Seven outdoor wooden table tops ($72)
- Toshiba air conditioner and inverter unit ($125, $26)
- Outdoor table with three outdoor chairs ($1)
- NORRIS glassmate under bench glasswasher ($405)
- Plastic floor cover for tents ($85)
- Decorative artificial vines ($140)
- 6 x cafe A-Frame display units ($51, $42, $72)
Creditors of the collapsed business will not get a cent from the sale of the property the business operated on, despite an estimated value of more than $30 million.
None of director John Russell's assets or the property will be available to liquidators to pay off creditors.
The Canberra Times previously reported that Mr Russell has properties worth at least an estimated $63 million.
Any sales of property are not available to creditors.
Lanie Tindale
I am City reporter at The Canberra Times. I previously covered health for the masthead, and was a trainee before that. I have written on courts, federal politics, breaking news, features and opinion. lanie.tindale@canberratimes.com.au.
I am City reporter at The Canberra Times. I previously covered health for the masthead, and was a trainee before that. I have written on courts, federal politics, breaking news, features and opinion. lanie.tindale@canberratimes.com.au.
