• Jul 3rd 2010 at 3:37PM
  • 5
Kruse auctions' year-long trek to the abyss continues apace. In 2009, Dean V. Kruse's troubles flared up in Indiana due to mounting lawsuits from consignors who were never paid after their cars were sold, as well as banks that hadn't been paid for credit or loans. A $1.3 million judgment against Kruse and a repossession of his private jet followed soon after, and last month Kruse had his Indiana auction license revoked. Although Kruse could have petitioned to get his Indiana Auction Park location license back after two years, the 235-acre parcel has instead been sold to RM Auctions.

In what looks like a seamless handoff, RM will simply take over what Kruse started forty years ago, hosting classic and custom car auctions along with the Auburn, Cord, Duesenberg Festival over Labor Day weekend. The move will keep a good thing going and has hopefully made things better for Kruse himself; perhaps he can now focus on his court issues in Indiana and Arizona. Hat tip to Ric

[Source: Sports Car Market]

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    • 1 Second Ago
      • 5 Years Ago
      Kruse should never get to deal in auctions ever again. It's one thing to suck at running a business so creditors cannot be paid, but to basically steal consigned cars is another. Hope he never Chitty-Chitty Bang Bangs a gavel again.
      • 5 Years Ago
      Awesome show and auction if ya ever get a chance to got there do it ! im glad the festivities will continue on ..
      • 5 Years Ago
      This car is so (alternative lifestyle).
        • 5 Years Ago
        Oh you pretty
        Chitty bang bang, Chitty chitty bang bang,
        we love you. And our pretty
        Chitty Bang Bang, Chitty chitty bang bang loves us too
      • 5 Years Ago
      Johnathon, no mention made of the Kruse WW2 museum accross the interstate. Any info on it? Will it remain open or did Kruse loose that as well?
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