[Archive]

Posted By: john

The investors/new owners, that make up Legendary Auctions, purchased the assets of Mastro auctions. Those assets included, I assume, the client lists, contacts, equipment, and consignment contracts. Those consignment contracts would now be owned by the new company, Legendary Auctions. Here's a similar example: I have my cell phone agreement with Alltel. My bill now reads "Verizon", as they purchased Alltel. My contract, under the same terms, is owned by the new owner, Verizon. Just a simple example to show what happens when one company is purchased by another. I had consignments with Mastro. I'm thrilled to have them in Doug Allens hands, with the new company and its new owners, Legendary Auctions.