4.16.12

Haggar Announces New Leadership

 

2.28.12

Final Phase of Continental GOB Sale

 

11.29,11

Continental Jewelry Closing in Tampa

 

11.15.11

Unico Designs

the look to hold Two-Store retirement

 

11.11.10

Jewelers Could Have

A Happier Holiday This Year

 

8.23.10

Maharaja's Loses Beachfront Store

as Oil Wary Tourists Avoid the Gulf

 

7.28.10

Buxbaum Group Relocates

 

6.29.10

Michael Lebowitz Joins

Buxbaum Jewelry Advisors

 

6.21.10

Lisa Ketrick Joins

Buxbaum Jewelry Advisors

 

5.14.10

Gold-Buying Helps Jewelers

Weather Great Recession

 

3.29.10

Buxbaum Jewelry Advisors

Helps Hoff Family Jewelers

 

1.12.10

Rapid Sale of $1.5 M Inventory Shows  Demand for Value Jewelry

 

6.18.09

Highly successful sale for

Henricks Jewelers Bonita Springs

 

5.06.09

M.J. Christensen Plans To

Reopen Under New Name

 

5.04.09

Filene's Basement Files

For Chapter 11

 

4.29.09

M.J. Christensen

Store Closing

 

4.23.09

Reviewing All 'Available

Business Options’ for Filene's

 

3.24.09

Jewelry Superstore Offers

Huge Discounts In

Going Out Of Business Sale

 

11.26.08

Retailers to Shout 'Value!' from the Rooftops This Holiday Season

 

9.24.08

Buxbaum Forms Wholesale, Retail

Jewelry Liquidation Venture

 

7.21.08

Toys, Games, and Collectibles

Offered at Huge Discounts

 

7.17.08

Dismal Consumer Confidence

Undermines 'Immunity'

of Luxury Retail

 

7.17.08

Gigantic Inventory Clearance Sale

Makes Dream Kitchens A Reality

 

3.12.08

Western Wear Chains Offering Huge Savings at Special Inventory Sale

 

11.05.07

Shoppers Can Expect Quick Holiday  Bargains As Worried Retailers Cut Prices

 

10.24.07

Rosslyn Hotel Renovation

into Affordable and

Market-Rate Housing

 

9.10.07

Retailers's Shift Away

from Purchasing Contracts

 

7.09.07

Buxbaum Group Relocates

to Agoura Hills, CA

 

5.03.07

Downturn Means Uncertainty For

New Breed of Asset-Based Lenders

 

2.22.07

Collectors Art

Going-Out-of-Business Sale

 

11.02.06

Buxbaum Group Announces Senior Executive Changes

 

10.23.06

What Will the Holiday Season Bring

 

10.18.06

Marcos and York Join Buxbaum Group

Asset Appraisal Group

 

4.12.06

Acquisition of Honduran Factory to

Help Indosheen Regain Prominence

 

1.03.06

Buxbaum Group Readies

Indosheen for More Growth

 

11.09.05

 Confirmation Hearing on

Waterman Reorganization

 

10.25.05

Buxbaum Group

Gets Gramicci

Back On Track

 

10.20.05

Buxbaum Group the Key to

Sale of Rampage

 

2.17.04
Buxbaum Group Inventory
Appraisals Hit $5.0 Bil.
in 2003

 

1.7.04
David Buxbaum Named to Local
Airport and Hospital Boards

 

12.24.03

Right Start Stores Now in
Liquidation Mode, As Court
Rejects Offer On Business


12.9.03
Buxbaum Group Inventory
Appraisals Exceed $3.5 Bil.
on Target to Reach $5.0 Bil.
for 2003

 

12.4.03
Inventory Clearance Sales
Begin in All 142 FAO Schwarz,
Zany Brainy, and the
Right Start Stores

 

3.27.03
Buxbaum Group Appraised
Approx. $4.0 Billion
in Inventories in 2002

 

2.28.03
Court Approves GOB Sales
For Troutman's Emporium;
Buxbaum Group, Others
to Run Liquidation

 

COLLECTORS ART TO BEGIN GOING-OUT-OF-BUSINESS SALE
AT THREE WAREHOUSE LOCATIONS - Event begins tomorrow in Bensalem, Pa.; Dundee, Ill.; and San Diego, Calif.

DUNDEE, Ill. (2/22/07)—After 25 years of offering quality oil paintings to the public at hotel events throughout the United States, Collectors Art will be launching a going-out-of-business sale at its three warehouse locations tomorrow.

All paintings and frames from the company’s inventory will be offered to the public at discounts of 25% to 70% off retail prices at the warehouses, which are located at 1108 Heinz Drive in Dundee, Ill. (metro Chicago); 7710 Formula Place in San Diego, Calif.; and 780 Haunted Lane in Bensalem, Pa. (metro Philadelphia).  The company is liquidating approximately $5.5 million in inventory (at retail).   

Founded in 1982, the Dundee-based Collectors Art offers a diverse selection of hand-painted works that ranges from lively abstracts to classic florals, Tuscan landscapes, seascapes, street scenes, portraits, and renditions of old masters. Prior to the sale, most works in the company’s inventory ranged in price from $19 to $2,000.

“We will be turning the warehouses into stores offering incredible buys on thousands of high quality oil paintings,” said Stevan Buxbaum, executive vice president of Buxbaum Group, the Calabasas, Calif.-based consulting firm running the going-out-of-business sale.

Buxbaum noted that Collectors Art is shutting its doors and liquidating its assets under an Assignment for the Benefit of Creditors. Nancy A. Ross, of High Ridge Partners, Inc., is the Assignee-Trustee on the case. 

 “This is a less expensive process for the debtor and creditors than a Chapter 11 bankruptcy filing,” Buxbaum explained. “After over two decades of successful operation, the company saw its profits erode in the last several years primarily due to rapidly rising costs associated with the promotion of its road shows at hotels and other venues across the country. With those costs cutting into the amount of advertising it could afford, Collectors Art saw revenues begin to decline as well, ultimately bringing it to this final sale.”

The three warehouses will be open from 10:00 a.m. to 6:00 p.m., seven days a week. Credit cards and cash will be accepted.

Collectors Art was launched in 1982 with the pair of 13,000-square-foot warehouses in San Diego and Dundee, with the California location initially serving as its headquarters. In 2001, the company relocated its headquarters to Dundee. While the facilities in San Diego and Dundee were operated on a year-round basis, the 10,000-square-foot warehouse in Bensalem was leased from December through March of each year to support hotel shows run on the East Coast during that timeframe. At its peak, the company had approximately 60 warehouse and office employees during the busy January-March selling season, augmented by seasonal field personnel who staffed the hotel shows.

The company currently has approximately 20 full-time employees at the three facilities. “Undoubtedly, the saddest part of this process will be to say good-bye to our loyal employees, many of whom have been with us for over 15 years,” said Martin Hancock, president of Collectors Art. “We wish them the best and appreciate their support during this final sale.”  

About Buxbaum Group - Buxbaum Group had built its reputation for over 30 years as one of the largest liquidators and appraisers of retail and wholesale inventories across North America. While continuing to operate in those areas, the company has shifted its primary focus in recent years to turnaround investing.

Press Contacts:  At Buxbaum Group, Stevan Buxbaum, (800) 990-6820; at Parness & Associates Public Relations, Lisa Kreda or Bill Parness, (732) 290-0121.