BUFFALO, N.Y. — The winning bidder of an online auction that ended today gets to buy the entire contents of the Red Lobster restaurant on Maple Road for just $12,000.
The auction was among more than 50 nationwide that launched May 13 just hours after the chain restaurant abruptly shut down dozens of stores with little notice to employees.
Sales in other markets yielded ranged considerably, with a winning bid in Myrtle Beach of $9,600; $7,850 in Dublin, Georgia; $10,600 in Council Bluffs, Iowa; $8,300 in Gathersburg, Maryland; and $12,500 in Williamsburg, Virginia. And then there's Gainesville, Florida, where the bidding came in at $40,300.
Calling it the largest restaurant equipment auction ever, TagexBrands.com and RestaurantEquipment.bid auctioned off the contents of the locations under a winner-takes-all model. Each winner received the entire contents, other than perishables and alcohol, of the location on which they bid.
Read more from our partners at Buffalo Business First.
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