Maui Land and Pineapple Co is having an auction/webcast auction on Maui
Today my husband took me to the preview of the ML&P (Maui Land and PIneapple) auction at their old pineapple cannery in Kahului Maui. They are selling off a lot of farm and road equipment, which rings his bell. We saw a lot of mowers, golf carts, tractors, trucks, tools and hardware, tables and chairs, kitchen equipment, electrical and plumbing supplies, office items, and so much more!
The auction is being held on May 18 2011 at 10:00 am Hawaii Time. Today was the day to preview and inspect items in lots numbered from 1-498. A lot of the big stuff was still on site in various locations on Maui, such as pineapple harvesters in Kaanapali.
ML&P has been going through some rough years as the market kind of took a dump on the pineapple industry. They had to sell off a lot of assets last year and reorganize and rethink. Pineapples as a canned fruit is not a viable crop these days with so much competition from other countries. The fresh pineapple market is strong, and that will continue under other owners.
We very rarely get live auctions of this caliber on Maui so it's going to be a big event I think. We'll probably go in person instead of by webcast, just to participate in the scene and see the action first hand. I don't know how they expect to sell off all this stuff in just 4 hours, but I guess they know what they're doing. They have obviously brought in some pros from the mainland to move this stuff quickly. The sale is being conducted by Great American Group and you can find them online at www.greatamerican.com Call them at 818 884-3737
If you plan to attend this sale, bring lots of cash. You'll need $500 just to get a bidding paddle. When that hammer comes down you'll have to pay at least 25% and have only 1 day to get your property paid for. It's kind of sad to see all this stuff on the old auction block, and the passing of the plantation era.
Thanks for reading My Maui Blog!
call or text me 808 283-0635 ~ EMAIL