Estate Auction of The Late Russell Dale Phelon

 

Aiken, SC – June 22, 2012 – It was announced today that Iron Horse Auction Company, Inc. of Rockingham, N.C. will conduct the auction of the personal racing equipment for the Estate of the Late Russell Dale Phelon on July 10, 2012 at 10:00 am. The auction will include luxury and performance cars from Mr. Phelon’s personal collection, such as 1969 Lola Can-Am racecar, 2010 Audi R8 and a pair of late model Chevrolet ZR1 Corvettes.  Not to mention a number of Late Model Racecars that Mr. Phelon enjoyed racing.  Also included in the auction is all the equipment one could use to compete in any racing division to date.

 

The auction will be held on site at Phelon Motorsports Services, LLC located at 3980 Richland Avenue West, Aiken, SC. It will also be broadcast live over the internet, for those buyers who are unable to attend in person.

 

Iron Horse Auction Company, Inc. and its principals are recognized on an international level for their knowledge and experience in the sale of NASCAR racing equipment. They have sold for many of the major teams since 1980 including Digard Racing, Blue Max, Black Diamond, Richard Childress Racing and Holman and Moody.

 

William B. Lilly, Jr. of Iron Horse states, “It is an honor to represent The Phelon Estate on the sale of this outstanding grouping of Luxury Vehicles, Racecars and racing equipment. This is a rare opportunity for the racing series operators at all levels to buy great equipment.”

 

Tim Schmidt of Phelon Motorsports states, “It is with heavy hearts following the passing of Dale Phelon, that we must close his race shop, Phelon Motorsports Services, and make available his extraordinary stable of race and street cars, along with shop tools and pit equipment.  A task made much easier with the experience and professionalism provided by Will Lilly and the crew from Iron Horse Auction Company.  They are not even challenged with twenty years of accumulation of parts and spares from both professional and amateur racing series.  We are impressed!”

 

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For further information, go to ironhorseauction.com or call:

800-997-2248 

 

For interviews, contact:

William B. Lilly, Jr. (Will)

Iron Horse Auction Company, Inc.

174 Airport Road

Rockingham, NC 28379

910-997-2248 or 704-985-9300

http://www.ironhorseauction.com

 

ABSOLUTE AUCTION

Tractors, Skidsteers, Trucks
& Construction Equipment
(Selling Trade-Ins &
Used Equipment Only)

Saturday, May 12, 2012 – 11am

Lexington, NC – Davidson County

LIVE ONSITE BIDDING

 

 

AUCTION LOCATION
RF Enterprises, 5936 E. New U.S. Highway 64 Lexington, NC 27292. From I–85 Bypass
in Lexington, Take Exit 96 to the New US Hwy 64 E, 2 Miles to Auction Site.
Watch for Signs.

*There will be an Open House Celebration on the day of the auction that starts at 8
a.m. The Auction will begin at 11 a.m.

ALL ITEMS SUBJECT TO SELL UNTIL 10 DAYS PRIOR TO AUCTION

AUCTION INVENTORY – *Denotes Items Selling with a Reserve

1          1982 International 234, 3Pt., Hitch, PTO, Front Weights, 3 Speed Hi Low
Transmission, SN: 20700085008048, Diesel

*3        1995 John Deere 5200, 4×4, 5394 Hours, Vin: LV5200E420360, 2 Post Canopy, Dual Head, Plumbed for Front Loader, Collar Shift Transmission (Reserve)

4          1999 John Deere 5210 Diesel Roll Bar, Collar Shift, PTO, 3 Pt., 28” Rubber,
LV5210S220260

5          1981 John Deere 2940, 2 Post Roll Bar, SN: 393233, Dual Rear Hydraulic, Hi Low
Transmission, 34” Rubber, PTO, 3PT.

6          MF 1095 w/ Cab

7          1981 International 986 Tractor, with Side Alamo Mount Rotary Mower, PTO 540/1000, Dual Remotes, 3 PT., Snap On Duals, 4 Post Canopy, SN: 251018-0131336

8          1987 John Deere 2355 Tractor, with Alamo Side Mount Boom Rotary Mower, 2 Post Canopy, PTO, Counter Weight, SN: L02355A618332

*9        1992 Case International 895 Tractor, SN:JJE0022722, 30” Rubber, with 6’ Side Flail Mower, with 7’7’ Rear Flail Mower, 3pt., PTO, Remote Hydraulic, 2 Post Canopy

10        Ford 3000 Tractor, with Front Broom, 28” Turf Tires, Hi Low Transmission, PTO. Power Steering, SN/C313576 (No 3pt Arms)

11        1984 Ford 4610 Tractor, 2 Post Canopy, SN: A365267, Hi Lo Transmission, PT., PTO, 30” Rubber, Front Weights, Rear Hydraulic, Power Steering, SN/A365267

12        Ford 4610 Tractor 4 Post Canopy, SN: C720635, Hi Lo Transmission, 3 Point, PTO, 30” Rubber

13        Ford 3930 tractor, New Rebuild Motor, SN:002055R, 2 Post Canopy, Hi Lo Transmission, 28” Turf Tires, 3 Pt., PTO

14        Ford 4000 Diesel, PTO, 3 Pt. Drawbar, SN/C225795

15        1987 Ford 3000 Tractor, Hi Lo Transmission, SN: B817408, PTO, 3 PT. 28” Tires

16        1975 Ford 4000 Tractor, Hi Low Transmission, SN: C453133, Roll Bar, 30” Rubber, 3 Pt., PTO Dual Remote Hydraulic

17        1990 MF 231 Tractor, Diesel, PTO 3pt., SN:5681R15066, Duplex Trans. 4 Speed with High Low , 28” Rubber, 1130 Hours Showing, 2 Post Roll Guard

18        1965 MF 135 Tractor, 3877 Hours, Diesel, SN: 39003, Turf Tires, 3pt. Hitch, PTO

19        1965 MF 175 Tractor, Gas, 3PT., PTO Draw Bar, Dual Hydraulics, VIN: 9AI92635, 16.9 x 28 Rubber, Aux. Transmission

*20       2000 Bobcat 331 Mini Excavator, Swing Boom, Push Blade, SN:512919943, Kubota Engine, Aux Hydraulics, Thumb Attachment, 16”-1.59 Cubic Foot Bucket

21        Bobcat 843, 66” Bucket, Diesel, Rubber Tires

22        1992 Bobcat 743-B Skid Steer, 5’ Bucket, Rebuilt Kubota Engine, SN: 509314991

23        1988 Bobcat 743, Kubota Motor, SN:5019M35146, 5’ Bucket

24        2003 NH LS170 Skid Steer, 5’ Bucket, NH Diesel, 1544 Hours Showing, SN: 167748, Wide Tires

25        1999 John Deere 240 Skid Steer, 5’ Bucket, SN: 1LV0240A140767, Diesel, Rear Weights

*26      1999 Case 570 LXT Tractor & Loader, SN:JJG0261921, 3PT., with 4 Post Cab, 4 Wheel Drive, Rear Weights, Shutter Transmission, Aux. Hydraulic

27        Woods-Gannon, 7’ Box Scraper, SN:HD4484HXD998092

28        EM- Bemac Generator, SN: 16312257, 1800 RPM, 35KU, 60 Volt, 3 Phase

29        Wood Chuck Tru chipper, with Ford Diesel Engine, Head # AS120604, SN: E355291H23HR

30        Ditch Witch R65, 4 Wheel Drive Trencher, Push Blade, Gas, SN:649362

31        1983 Case DH5 Trencher, with Push Blade, Plow Attachment, SN: X1224127, With Boring Attachment, New Hydraulic Pump

32        Ford 555-B Backhoe Loader, 36” Bucket, 24” Rubber, 4 Post Canopy, Diesel, 19-802 Hoe Attachment, CB55568, No Serial Number

33        1982 John Deere 670-A Motor Grader, Articulating, Front , Enclosed Cab, 13’ Blade, 360 hours Showing, Diesel, SN:406483DW

34        1985 Ford 800 Gas, 370 V8, 4 Speed, 24’ Flatbed, Vin: 6219, 112,871 Miles, 900 20 Rubber

35        2002 Freightliner Century Class S/T, Super 10 Transmission, Vin: 7091, Detroit 60
Series, 22.5 Alum. Budds, 38,000 Air Ride Suspensions, Sliding 5th Wheel

36        2003 Freightliner Century Class S/T, 10 Speed, Detroit 60 Series, 22.5 Aluminum
Budds, New Rebuild On Engine, 38,000 Air Ride Suspension, Vin: 7056

37        1985 Chevy 60, 5×2 Trans, 16’ Trans, 350 Engine, 900 20 Steel Budds, Vin: 6619,

38        1991 Ford F-8000 Diesel 240 HP, 6 Speed, 24″ Flatbed, Vin: 1282, 119, 851 Miles,
22.5 Radials

39        Eagle Picher R-80 Forklift, Pneumatic, Perkins Diesel, 3 Stage, 8,000lb. Capacity,
19.5 Pneumatic

40        Nissan Enduro 50, Gas, Cushion, 188” Reach, 3 Stage Mast, 4’ Forks, SN: KP802P901625

41        Clark Forklift, 3 Stage Mast, Gas, Pneumatic, SN: Y3553822823276, Model C-500Y45, 4000lb. Capacity

INSPECTIONS
At Buyer’s Leisure

CHECKOUT
To Be Announced

TERMS

Selling AS IS / WHERE IS. Balance due in full at the auction by cash, cashier’s
check, credit card (we accept Visa, MasterCard and Discover), personal or
company check accompanied by a Bank Letter of Guarantee. A 5% buyer’s premium
will apply to all purchases paid for in Cash or Certified Funds. An 8% Buyer
Premium will apply to any purchases made via the internet. Conditions – All
information contained herein is deemed to be from reliable sources. However,
neither the Auctioneer nor the Seller guarantees this information to be
correct. We reserve the right to add or delete. Please inspect the property and
bid accordingly. The Auctioneer represents the Seller in this transaction. All
announcements made at the auction shall take precedence over all other information.

Iron Horse Auction Company, Inc.
 PO Box 1267-Rockingham, NC 28380
800-997-2248 – NCAL 3936
http://www.ironhorseauction.com/

 

Reblogged from MyFOX8.com:

A public auction featuring international works of arts is planned for Reidsville's famed Chinqua Penn Plantation.

The auction is a result of a court-ordered bankruptcy ruling, and fine arts collectors from around the world have shown interest in bidding on Jeff and Margaret Penn's belongings, which they began collecting  in the early 1900s for their Rockingham County home.

There are more than a thousand lots on the bidding block, and the auction is run by Leland Little Auctions and Iron Horse Auction.

Read more… 99 more words

Chinqua Penn Plantation Auction

FOR IMMEDIATE RELEASE
CHINQUA PENN PLANTATION COLLECTION TO BE SOLD AT PUBLIC AUCTION

Rockingham, NC – April 6, 2012 – The US Bankruptcy Court of the Middle District of NC has ordered that the personal property assets of Chinqua Penn Plantation be sold at Absolute Public Auction. The auction has been ordered in the matter of Renegade Holdings, Inc.

Leland Little Auction & Estate Sales, Ltd. and Iron Horse Auction Company, Inc. have been ordered to conduct this auction to be held April 25th and 26th, at the Greensboro Coliseum Complex: Special Events Center, West Wing. Previews will be held April 22nd, 23rd, and 24th, at the Chinqua Penn Plantation in Reidsville, N.C.

Those wishing to attend the previews, or auction, are required to purchase a color catalogue, which grants admittance to two individuals. Catalogues are available for purchase, and will be available for purchase on-site at the previews and the auction.

The auction will be conducted by live public auction, with the options of bidding in-person, by telephone, or by absentee bid form, and by bidding online with a live video and audio feed, using http://www.liveauctioneers.com.

Thomas McInnis of Iron Horse Auction Company, Inc. states, “This auction represents a collection of one of America’s premier industrial families. Never again in this century will such an offering be available in NC. We are truly honored to be able to bring these rare and unique items to the marketplace”.

Leland Little of Leland Little Auction & Estate Sales, Ltd. states, “This collection speaks to a national and international audience; offering over 1,000 lots with a broad spectrum of history and culture that represents the Penn’s love of the rare and exotic. Come and enjoy one of the few original collections that revisits the era of the Great Gatsby and harkens back to a time when men of substance traveled the world in search of rarities.”

For more information, visit WWW.IRONHORSEAUCTION.COM or WWW.LLAUCTIONS.COM.

* * * * * * *

For more information, or to schedule an interview, contact:
Tom McInnis, 910-997-1555 tom@ironhorseauction.com,
Leland Little, 919-644-1243 leland@llauctions.com

MEDIA DAY, April 18, 2012
The Chinqua Penn Plantation will be open for Television, Newspaper, Radio, and Internet media representatives, by appointment only. Only those media representatives with active credentials will be allowed. For an appointment, contact diane@ironhorseauction or Diane at 910-997.2248.

The Catalogue for the Chinqua Penn Plantation Auction is now available. Visit ironhorseauction.com for more information about this Historic Auction

Iron Horse Auction Company Inc.                                        ironhorseauction.com

174 Airport Rd.

Rockingham, NC 2837

Arthur Nadel Ponzi Scheme Real Estate Auction in Raleigh, NC

RALEIGH, N.C., March 6, 2012

It was announced today that Iron Horse Auction Company, Inc. of Rockingham, N.C. & Swicegood Auctions of Mocksville, NC will sell an Office Building located in Raleigh, NC. The auction will take place on April 12, 2012 at 2pm and will be held rain or shine. This building is being sold for the United States District Court of the Middle District of Florida, Tampa Division, Nadel Ponzi Scheme, Case No. 8:09-CV-87-T-26TBMIN.

The auction will be held On Site at 4905 Waters Edge Drive, Raleigh, NC in Waters Edge Office Park. This two-story office building is approximately 22,567+/- sq.ft. on 1.82+/-Acres and is located within the Raleigh Beltline. It is constructed of cut block with wood siding with related paving and landscaping and is complete with a continuous power supply.

Nadel is a disbarred attorney who was convicted of investment fraud in Florida. Nadel is currently serving a 14-year sentence in the Federal Prison System for his part in the scheme.

Thomas McInnis of Iron Horse states, “It is a great opportunity to buy an Office Building of this quality being sold by the US Receiver. We look forward to conducting this important auction.”

For further information, go to ironhorseauction.com or call:
800-997-2248

For interviews, contact:
Thomas McInnis at 910-997-1555
Iron Horse Auction Company, Inc.
174 Airport Road
Rockingham, NC 28379
910-997-2248
http://www.ironhorseauction.com

OUR MARKETING APPROACH

3/6/2012

In today’s rapidly changing market, an auction is one of the first options many property owners think of to sell residential and commercial properties. Live auctions, internet auctions, and sealed bid auctions are utilized depending on the needs and desires of the client.

Sellers now include medium to large land owners, blue-chip companies, not-for-profit organizations, and building owners under no imminent financial pressure to sell. The range of buyers has expanded as well, to include institutional investors and small entrepreneurs with long-term goals.

Property owners, who in the past may have hesitated to go to auction thinking they wouldn’t get a good price, are now inspired by the increased demand for real estate by investors who have fled or are fleeing the stock market.

Marketing auction assets to obtain the maximum return is a complex process. Experience and expertise in a wide range of disciplines is required to meet any challenge and take full advantage of marketing opportunities as they arise. Iron Horse Auction Company has assembled a team of creative and dedicated professionals to enable us to customize our services to meet each client’s specific needs. It is the primary responsibility of the principals of Iron Horse Auction Company to manage each relationship and to work directly with the other team members to achieve the auction objectives.

We take pride in the quality service we provide. Each Iron Horse Auction professional is supported by marketing, financial, operations, and event staff to meet the needs of each respective customer. Through our dedication to delivering professional asset recovery and marketing services, we have developed our strongest marketing tool – a loyal and satisfied client.

Eric Edmondson

2/28/2012

Our History

Iron Horse Auction Company, Inc. was established in 1983 to provide comprehensive asset recovery and marketing services for America’s leading corporations, non-profit organizations, professionals and individuals.  The company was formed by consolidating the resources and expertise of several individuals already active in the auction and real estate industry.  With vast experience selling all types of personal property and real estate, along with cutting-edge technical support, Iron Horse Auction Company has established itself as the premier provider of professional auction services in the Southeastern United States.

The experience and expertise of Iron Horse Auction Company’s principals allows it to effectively market assets for clients in targeted areas including real estate (farm, resort, apartments, condominiums, residential, large tracts, timberland and commercial properties), industrial machinery and equipment, farm equipment, logging equipment, building supplies, engineering equipment, mining equipment, merchantable timber, automobile racing equipment, decorative arts and collectibles, and much more.  In addition to specializing in the auction method of marketing, we also have the ability to market your assets via the internet, sealed bid, or private listing and negotiation.  Our targeted marketing and promotion of real estate and personal property assets has generated greater than $850 million in sells for our clients over the last 27 years.

Iron Horse Auction Company can produce proven results for sellers with an unmatched portfolio of experienced staff and services for property owners in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.

http://www.ironhorseauction.com

2/28/2012