San Diego (Top40 Charts/ FREEDMAN COMMUNICATIONS) Heritage Global Partners has been selected by Chapter 7 Trustee, Richard Yanagi, to conduct a live auction of assets of the Honolulu Symphony. The Trustee's Motion to engage Heritage Global Partners is currently subject to final approval from the United States Bankruptcy Court for the District of Hawaii. Following approval, the bulk sale auction will be held in Honolulu, Hawaii and staged via live webcast on Thursday, March 17 at 10 am HST.
Assets of the Honolulu Symphony include world-class instruments, one-of-a-kind musical arrangements, a comprehensive music library, office furnishings, memorabilia, art, artifacts, and much more.
If a bulk buyer is not secured, the Honolulu Symphony assets will be sold live at the auction, while the music library consisting of over 2,300 lots of Classical Symphonic arrangements and Hawaiian sheet music will be sold online. This sale will begin at the conclusion of the Bulk Asset Auction on Thursday, March 17 at 12 pm HST and held through 5 pm HST on Friday, March 18.
"The Honolulu Symphony auction is a once-in-a-lifetime opportunity for music enthusiasts, institutions, patrons of the arts, philanthropists, universities and those who want to preserve a 110-year-old symphony orchestra, which is currently the oldest in United States, west of the Rocky Mountains," David Barkoff, Director of Sales, Heritage Global Partners. "Our goal is to secure a bulk buyer to sustain this legacy, as we want nothing more than to keep the arts alive."
Over the years, the Honolulu Symphony has endured two World Wars, the Great Depression, financial crises, and changing musical and cultural trends. In December 2010 it was announced that the symphony would be liquidated under Chapter 7 and end operations.
Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners is an asset advisory and auction services firm, which assists large and small companies with buying and selling of assets. Heritage Global Partners offers asset brokerage, asset inspection, asset valuations, industrial equipment auctions, and real estate auctions among other services.
A fully refundable deposit will be required by parties interested in bidding in bulk in the Honolulu Symphony auction. Photographs, a list of instruments, music library contents and specific auction location information, when finalized, can be found on the Heritage Global Partners website at www.hgpauction.com.
