Vendors go to court seeking money from Finest auctions

1
948
Bidding on a Karmann Ghia in Aspen/Snowmass
The auction venue for The Finest sale last year in Aspen | The Finest auction photo

The Finest Automobile Auctions, still wants to pursue its goal of interactive, online sales of collector cars, but for now the company is not staging additional on-site auctions and is being sued by several vendors for nearly $600,000.

“In a holding pattern,” a spokesman for the auction house said. “The board is deciding what to do next. We may restructure.”

Lawsuits seeking payments from the auction house have been filed recently on the East Coast and in Colorado by vendors who say they are owed more than $583,000.

“That information is correct,” said Serge Hunkins, president of New Jersey-based Kadan Productions. “I’m suing. My company and four others, for $500,000.”

Kadan Productions reportedly did pre-event design and on-site set-up work for at least two of The Finest’s on-site sales. Snowmass Club in Colorado claims is owed more than $83,000 and has gone to court to claim it.

The Finest has conducted auctions in Pennsylvania, Colorado and Florida. It had planned to do its first major online-only sale in April, but that event has been postponed, nor will it be doing second sales this year at The Elegance at Hershey or during the wine festival at Aspen-Snowmass.

RELATED:  Allard JR continuation car on RM Sotheby’s London docket

 

Advertisement
A former daily newspaper sports editor, Larry Edsall spent a dozen years as an editor at AutoWeek magazine before making the transition to writing for the web and becoming the author of more than 15 automotive books. In addition to being founding editor at ClassicCars.com, Larry has written for The New York Times and The Detroit News and was an adjunct honors professor at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University.

1 COMMENT

  1. Aspen attorney looking at criminal charges.
    See Aspen Daily News article from yesterday’s front page.

Comments are closed.