From nice office furniture to questionably flashy things to bizarre bankrupt souvenirs: everything that isn’t nailed down at Signa’s headquarters in Vienna is now going under the hammer at an absolute bargain price, considering the original purchase cost.
Investing in René Benko’s Signa is currently worthwhile – for example if you have just opened an office: after the bankruptcy, auction house aurena.at is auctioning the inventory of Benko’s headquarters in Vienna in the Palais Harrach on Freyung. The online auction includes 465 lots. This is even too much for the auctioneer’s website: the auction must therefore be divided into part 1, part 2 and part 3.
20 euros instead of 760 euros for office chairs
Expensive pieces, from noble to ostentatious (like toiletries in, as they call it, “stylish” faux bronze) are available as bargains for two weeks until January 19 – at least based on the original purchase price. Office chairs that normally cost more than 760 euros now start with a starting price of 20 euros. Given the enormous amount of furniture that goes under the hammer, there is a good chance that a good deal can still be made even at the end of the auction period.
A conference table half the size of an entire apartment
Apparently few people have as much space as Benko allowed himself in his headquarters: there was not a single bid for the elliptical conference table of 22.5 square meters (8.20 meters long and 3.50 meters wide). There was also little interest in a five and a half meter long and almost three meter high room divider in black and gold with natural stone fronts: If the bid remains at 3,200 euros, the new owner will get it for approximately one twentieth of the original purchase price.
But even for those who don’t have an office or personal palace to furnish, it may be worth looking at the auction platform: a wide range of office equipment, from screen holders, filing cabinets and desk lamps to countless houseplants and small objects such as Because there Until now, rubbish bins and paper products have also been available, but there has been little interest.
Here you can see tweets commenting on Benko’s stance.
On social media such as Platform X, some users joke about the facility. “If there were a criminal proceeding, as a lawyer I would argue that I was mentally incompetent,” one user wrote about a living room table. Benko’s toilet brush will be “liberated from the clutches of capital,” says political scientist Mathias Krams.
On the first day of the auction, souvenirs from the bankruptcy were a (cheap) hit with the bidders: meanwhile, rather embarrassing expressions of gratitude from banks, submissive trophies from the real estate sector and models of failed construction projects of Signa Holding reached many. times the starting price before Friday afternoon. A piece with special symbolic value was a hit: a specially made Signa snow globe rose from five to 260 euros within a few hours. Perhaps the best return in Signa’s history.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
