Now you can own a piece of the Sutton Place Hotel
A huge hotel auction is taking place in Toronto at the end of the month, and while there won't be any quirky hand painted signs from Honest Ed's, there will be kitchen equipment, furniture, and antiques galore, as the historic Sutton Place Hotel announces that everything must go - and this time they mean everything.
While in 2012 a sale took place at the Bay Street hotel which had the public lining up outside to grab TVs, furnishings, and more, Ryan Haas of Corporate Assets Inc., Canada's largest international industry auction/liquidation company, tells me the sale covered only the "tip of the iceberg" so far as the contents of the hotels' 300 fully furnished rooms are concerned. "Of 300 TVs, about 200 to 250 are left" Haas offered as an example.
The two day auction will attempt to clear everything that remains in the hotel, and they have a lot of ground to cover. Bidding will start on Friday, March 28 with an 8+ hour auction of about 1,500 lots worth of building support equipment and kitchen, restaurant, and laundry room equipment.
Saturday, March 29's auction, probably more interesting to the public, will cover furnishings and oddities: everything from those 250 TVs to artworks, couches and chairs, linens, and antiques like fireplace mantles, brass wall sconces, and a few crystal chandeliers that were valued at $25,000 - 30 years ago. Can someone grab me one of those for my apartment?
Bidding (traditional auction style) will take place in a gala room onsite at the hotel (Haas expects 700 - 1,000 people to attend each day) beginning at 9:30am, but those who can't make it can also participate in the Sutton Place Hotel auction online at corpassets.com.
The Sutton Place Hotel auction will begin at 9:30am on Friday, March 28th and continue on Saturday, March 29th. Learn more about the auction and the items up for grabs here.