Auction Of Schilling’s 38 Studios Assets Drew 1000

PROVIDENCE, R.I. (AP) — More than 1,000 people registered to bid on the remnants of former Red Sox pitcher Curt Schilling’s failed video game company during an auction in Providence.

Bidding stretched nearly 12 hours Tuesday, wrapping up around 10 p.m. The Rhode Island Economic Development Corp. says about 95 percent of the items were sold. Approximately 400 bidders appeared in person and 600 registered online.

38 Studios was lured to Rhode Island from Massachusetts after receiving a state loan guarantee of $75 million in 2010. It burned through its money and declared bankruptcy earlier this year.

The EDC says most of the items that didn’t sell were cubicle furniture. Another public auction could be held to sell the last few items.

An EDC spokeswoman says the amount raised will be announced Thursday or Friday, once bidders have picked up their items.

Copyright 2012 The Associated Press.


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Boston

Download Our App
Download Weather App

Listen Live