Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Round Two: Second Unique Performance auction set for June]]>http://www.autoblog.com/2008/05/12/round-two-second-unique-performance-auction-coming-up-in-june/http://www.autoblog.com/2008/05/12/round-two-second-unique-performance-auction-coming-up-in-june/http://www.autoblog.com/2008/05/12/round-two-second-unique-performance-auction-coming-up-in-june/#commentsFiled under: , , , , , ,



The epic saga of Unique Performance and its fall from grace isn't over yet. An auction was held in March to help clear the bankrupt company's back debts, but it only raised $1 million. That wasn't enough to compensate the many ripped-off owners and fleeced employees, not to mention the federal government. Auction firm Rosen Systems has a new, very spare listing on its website for another Unique Performance auction coming up on the 24th of June. The scarce information offered by Rosen Systems only states "approximately 40 Mustang Fastback shells, body parts, tools, lifts." A catalog of items to be offered for this online-only event has yet to be released, but it's safe to assume that these are the items that failed to sell the first time around. We're not sure we'd consider this auction a good way to get a viable Mustang body unit, with reports of multiple gallons of body filler in each car. Thanks for the tip, Cameron!

Gallery: Unique Performance auction


[Source: 67MustangBlog]

Round Two: Second Unique Performance auction set for June originally appeared on Autoblog on Mon, 12 May 2008 07:58:00 EST. Please see our terms for use of feeds.

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The ongoing saga at Unique Performance came to another disappointing conclusion this past weekend when the remaining shells and equipment were unceremoniously auctioned off. The 40 former employees of Unique Performance (plus another 100 that were also owed cash) were hoping that the proceeds from the fire sale would be enough to cover their back-pay -- unfortunately, that wasn't the case. All told, the auction brought in $1,037,000, of which $900,000 was instantly taken by the feds to clear UP's outstanding debts. That left $137k for the unemployed workers, or about $978 per person - what we're guessing is just a drop in the bucket for both what they're owned and the legal fees they've amassed since Unique Performance went belly-up last November.

[Source: Jalopnik]

Unique Performance auction hauls in $1 million+, not enough originally appeared on Autoblog on Fri, 28 Mar 2008 14:36:00 EST. Please see our terms for use of feeds.

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