HJ,
I know I’m straying back on subject here, but it does surprise me to see Marklin selling off so much machinery.
Ralph
Ralph,
The items in the auction are items Märklin walked away from for many reasons. These are being auctioned in behalf of the bankruptcy receiver not Märklin.
Jack
Ralph Berg said:Ralph,
HJ, I know I'm straying back on subject here, but it does surprise me to see Marklin selling off so much machinery. Ralph
It isn’t Märklin selling the machinery, Märklin decided what was of use to them, then entered a bid that reflected that. Which left the bankruptcy trustee with the job to find buyers for the rest, easiest way: have an auction.
That machinery and equipment is
a) not modern enough
b) limited in its use (in some instances because of a) )
c) some of the mfgs of the machinery/equipment are no longer in business and/or no longer support those models.
Modern manufacturing is all about using the most modern equipment you can afford in order to get the best quality at the lowest cost.
Looks like the creditors (in essence the banks) will retain the real estate, most likely to be sold at a future date when there’s a sellers market. I wouldn’t be surprised if they let the buildings to lease, leasing was an option that was open during the phase of the insolvency when bids were entertained. And certain parties had a hard time understanding/comprehending that stipulation.
It sounds as Marklin got a gravy deal. Pick and choose what they wanted and discard the rest for the court to liquidate.
Ralph
I still want that Sign !
Ahem!
Back to the question I asked two hundred words ago:
Q- Anything other than the machinery that has been or will be brought in immediate future to auction – such as LGB locos, parts, etc.?
Ralph Berg said:Ralph,
It sounds as Marklin got a gravy deal. Pick and choose what they wanted and discard the rest for the court to liquidate. Ralph
That whole messy insolvency is so convoluted, but the gist of it is there were two rounds of bids for the assets. The bid was first awarded to Mr. Schöntag, an ex-publisher of a German modelrailway mag and he had several other “enterprises” to his credit. He assumed EPL as of Jan 1st 2007 and had a deadline in March 2007 to pay the bid in full. Things collapsed, Schöntag couldn’t meet the obligations and the search for a new buyer started. Schöntag had to file for insolvency of the freshly minted E.P.LEHMANN GmbH & Co.KG
A whole bunch of convoluted stuff happened, Märklin finally got a 2 week period to do exclusive due diligence and enter a bid. LGBoA partnered up with two different sets of entities and also enter a bid on their own which they then withdrew again.
The insolvency trustee, Dr Goede, finally issued a decree that set Thursday July 26th 2007 as the date on which the creditors would decide who would be awarded the assets. There was the faint hope fraternity including Jack Barton and the other Ventilators who were firmly convinced that the creditors would decide for Stefan Jakob’s Group (incl. LGBoA) on the assumption that the majority of the creditors favoured that bid. But a little bit of reading in German insolvency law would have told them that it is the majority with the most money owing i.e. the banks. Contrary to big prognostication of the banks being in agreement with just the one hold out, it was the exact opposite, the banks, except for one, lined up with the Märklin bid.
My impression of that: They were sick and tired of the machinations, they knew that Märklin/Kingsbridge was good for the money.
That’s when some of us wrote: “OK, it is next week!” a take-off on the famous Ventilator phrase “… wait until next week!” we heard innumerable times.
Wendell Hanks said:Ahem, NO! Those assets were part of Märklin's bid.
Ahem! Back to the question I asked two hundred words ago: Q- Anything other than the machinery that has been or will be brought in immediate future to auction -- such as LGB locos, parts, etc.?
Jack Barton said:Fred Mills said:
I also notice that this person who is being critical of HJ, and claims English as his mother tonge, has yet to master the proper use of; too, to, two, or the use of their, there, or they're. He also doesn't grasp the difference between your, and you're. I have noticed this over a period of time and on many of his postings. [b]Even HJ uses the words properly.[/b]Hans-Joerg Mueller said:
Tim,Looking at it from my point of view, I ascribe their actions to upbringing and chosen career path. Do it for long enough and it becomes engrained!
So you weren’t really going for ingrained !
Jack,
You know well enough that when I write “engrained” that’s precisely what I mean. It doesn’t hurt to go back to the original meaning, if you do you will discover something rather red. 
:lol: You’re such a clever lad, but I’m surprised at the command of your native tongue! Don’t forget English is my third language, if I wouldn’t be familiar with “engrained” that would be OK, but you? Tsk, tsk, tsk…
Hello all-
I just checked the auction list. Apparently, the toilet paper is an eXtra Shop item. At least it’s unused.
Best regards,
Bob
Bob,
:lol: :lol: :lol:
There are some rare finds on that list, that’s for sure!
Bob Brashear said:
. . . the toilet paper is an eXtra Shop item. At least it's unused.Best regards,
Bob
Too bad. I had considered bidding on the TP, as I’m certain it would have significant Kollector value if it was used!!
:lol:
Happy RRing,
Jerry
Jerry Bowers said:Hi Jerry,
Too bad. I had considered bidding on the TP, as I'm certain it would have significant Kollector value if it was used!! :) :) :) :lol: Happy RRing, Jerry
I don’t doubt that you are a good guy. I know from your signature that we share several interests and any one who cares about Carter history is tops with me. In no way do I mean this in a heavy handed way, but in reality the correct notation is Kollector© . If you will notice HJM usually uses “Kollektor” which is not protected. I normally don’t get to sensitive about it and often take it as a compliment when it is used by others. However, when you use it in connection with used wipe and that other word I detest “value” I start taking some notice.
I have hardly ever discussed values in my writing. 99% percent of the work that I and my circle of friends do with collecting LGB® is connected with Taxonomy. In other words, I would rather look at five banana wagons and be able to show you the sequence in which they were made and show how they differ over time. It’s just a hobby and has nothing to do with any perceived value.
Best wishes, Jack
Jack Barton said:Jerry Bowers said:Hi Jerry,
Too bad. I had considered bidding on the TP, as I'm certain it would have significant Kollector value if it was used!! :) :) :) :lol: Happy RRing, JerryI don’t doubt that you are a good guy. I know from your signature that we share several interests and any one who cares about Carter history is tops with me. In no way do I mean this in a heavy handed way, but in reality the correct notation is Kollector© . If you will notice HJM usually uses “Kollektor” which is not protected. I normally don’t get to sensitive about it and often take it as a compliment when it is used by others. However, when you use it in connection with used wipe and that other word I detest “value” I start taking some notice.
I have hardly ever discussed values in my writing. 99% percent of the work that I and my circle of friends do with collecting LGB® is connected with Taxonomy. In other words, I would rather look at five banana wagons and be able to show you the sequence in which they were made and show how they differ over time. It’s just a hobby and has nothing to do with any perceived value.
Best wishes, Jack
Oh brother, Jack, get a life. Barely veiled threats have no place here. This is not the “family forum!”
Steve, it amazes me that you can find any threat in my post when I know none was intended.
Jack, some of us are usually amazed at your replies/posts in general.
Be that as it may, I’m entertained by your Kollector© note; as Steve wrote “Get a Life”.
I have 12 ball point pens; all from the same hotel chain. Each is different in some way and when shown to my peers; shows the transition from feather pen, to lead pencil, to ballpoint…but who cares…I sure don’t as long as I can jot down a great young lady’s telephone number, in a hurry, without getting ink all over my hands.
As far as “Banana Cars”…egads do the monkies at the zoo care as long as the fruit is fresh…!!!
Laugh a little, it gets to be a habit......!!!Fred Mills said:
I have 12 ball point pens; all from the same hotel chain.Laugh a little, it gets to be a habit......!!!</blockquote>Well Fred, I always enjoy meeting a fellow collector.
Jack Barton said:Jerry Bowers said:Hi Jerry,
Too bad. I had considered bidding on the TP, as I'm certain it would have significant Kollector value if it was used!! :) :) :) :lol: Happy RRing, JerryI don’t doubt that you are a good guy. I know from your signature that we share several interests and any one who cares about Carter history is tops with me. In no way do I mean this in a heavy handed way, but in reality the correct notation is Kollector© . If you will notice HJM usually uses “Kollektor” which is not protected. I normally don’t get to sensitive about it and often take it as a compliment when it is used by others. However, when you use it in connection with used wipe and that other word I detest “value” I start taking some notice.
I have hardly ever discussed values in my writing. 99% percent of the work that I and my circle of friends do with collecting LGB® is connected with Taxonomy. In other words, I would rather look at five banana wagons and be able to show you the sequence in which they were made and show how they differ over time. It’s just a hobby and has nothing to do with any perceived value.
Best wishes, Jack
Jack,
It is obviously more than a hobby. You (and others) take things far too seriously for it to be “just a hobby”.
Hobbies are meant to be fun.
When business is mixed with pleasure, business may prosper but pleasure suffers.
Ralph
Ralph Berg said:Ralph,
It is obviously more than a hobby. You (and others) take things far too seriously for it to be "just a hobby". Hobbies are meant to be fun. When business is mixed with pleasure, business may prosper but pleasure suffers.
I can assure I derive a great deal of pleasure from the hobby of collecting for information. I have participated since childhood and have covered many areas of interest. It’s like when Fred mentioned having I think it was 119 different single Malts. As a single malt fan, I was thrilled to know that someone pursued the subject with that much diligence. I even went on to study the subject on-line. I never once thought of making a snide remark or a deriding comment about his focus and dedication. Yet it seems faddish to take a shot at my pursuits.
I was collecting for years before anyone asked me to explain this hobby in print. If you could tell me that you have ever read one of my articles, I would be able to respond with more directly. I always tried to convey the excitement of the hobby as I see it.
I have never sold anything to anyone in the G scale hobby, unlike HJ and TOC. I’m not saying there is anything wrong with that, it’s just my way of saying that business has no part in my hobbies.
Jack