Vehicles, watches, furs, art, silver, a crystal collection and more will be for sale at a bankruptcy auction Saturday in Lynchburg from the estate of former billionaire Patricia Kluge.
The sale includes items from other bankruptcy cases, such as jewelry and a 2,000-plus-piece coin collection, but most of the items will be from the Kluge estate in Charlottesville, said Micah Torrence, marketing director of TRF Auctions, which is conducting the sales.
The auction will begin at 10 a.m. Saturday at The Plaza, on the upper level near Rent-A-Center. There will be a preview of the items from 10 a.m. to 7 p.m. Thursday and from 8 a.m. to the start of the auction Saturday.
William Schneider, the trustee of the estate, would not comment for Kluge.
Three vehicles, four fur coats, two watches, two four-wheelers, two golf carts, four kayaks, several pieces of furniture, 25 pieces of art and a six-piece silver set are among the items for sale from the Kluge estate.
Torrence said he wanted to have the auction in Charlottesville, where Kluge lives, but the site where most of the items were stored was sold earlier at auction. He looked for other locations in the Charlottesville area, but with his company in Lynchburg and the trus-tee here as well, having the auction in the Hill City was a good option.
Items subject to lien due to a debt owed to Farm Credit Bank will be sold, as will items sold on behalf of the bankruptcy estate, ac-cording to federal bankruptcy court records. The order was filed Dec. 21.
Farm Credit Bank foreclosed on the Kluge Estates Winery and Vineyard last year and sold the property at auction. Most of the property was bought by Donald Trump. Kluge put up her real estate and other personal property as collateral to help fund the winery, which was the largest in the state.
Torrence said they had conducted an auction in Lynchburg from the Kluge estate for a Jeep Grand Cherokee on Dec. 7 that was sub-ject to a lien. The other auctions of Kluge property and high-end assets were held in Charlottesville.
TRF Auctions will receive 10 percent commission on the sale of the items, plus the cost of moving items to the site of the sale and preparing them for auction, according to court records.
While most of the high-end items were sold at previous auctions, Torrence said, some remain, including a Cartier watch that would cost $5,000 new.
“Not your everyday ordinary stuff,” he said. “It’s a really neat selection of items.”
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