Shattuck auctioneers and appraisers recover top value for universityThe Challenge

The Wittliff Collections at Texas State University’s library found itself needing to sell a

valuable, sizeable collection of cameras, video cameras and camera accessories dating

from the early 1900s to the 1970s. The collection was comprised of more than 850 pieces

in total, each requiring careful preservation and handling. The contracted auctioneer for

Texas State’s surplus property since 2007, Shattuck handled the sale of the inventory by

public auction.

The Insight

Shattuck immediately kicked planning and coordination into gear, working closely with

Texas State’s materials management team. To better preserve the pieces of the collection

and limit the number of people who would be handling these valuable items, Shattuck

took possession of the collection, opting to store and conduct the auction at its climate-

controlled warehouse and showroom. Over the course of several days, Shattuck’s fi eld

services team carefully and methodically transported the collection from San Marcos

to Shattuck’s premises in Austin.

Because the inventory boasted rare and limited-edition cameras including a WWII

camera, 35MM fi lm rolls and lantern slides, Shattuck’s appraisal team verifi ed item history

and value to appropriately group the items in auction lots. Shattuck’s marketing team

then began raising awareness for the public preview and online auction of the

collection, reaching a targeted list of camera industry enthusiasts.

Promotions also went out to Shattuck’s 20,000+ registered

bidders, attracting buyers at regional and national levels.

The Results

By thoroughly investigating and verifying item authenticity,

Shattuck was able to assess the value of the collection and

promote it in the most effective manner possible. As a result,

Shattuck achieved record-breaking attendance at its public

preview, fetching more than $36,000 for the collection – a

signifi cantly higher return than anyone had anticipated.

To this day, Shattuck remains the contracted auctioneer

for Texas State’s surplus property. ★

SUCCESS STORY | THE WITTLIFF COLLECTIONS AT TEXAS STATE UNIVERSITY

When Texas State University was bequeathed a significant camera collection for its library’s Wittliff Collections, it could neither find the appropriate fit within its archives nor the adequate space to showcase the items.

Choosing to divest the collection, Texas State was left to sell off the rare assortment of items, a collection of several hundred valuable pieces.

Given Texas State’s longstanding relationship with Shattuck, the university was confident in Shattuck’s ability to prepare the camera collection for public auction.

Shattuck investigated and verified the authenticity of each piece

and initiated highly-targeted marketing

efforts to bring buyers to a public

preview event.

Record-breaking attendance was achieved, generating more

than $36,000 in sales. ★

AT A GLANCE

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DOJ and IRS entrust Shattuck auctioneers to liquidate assetsThe Challenge

The DOJ and IRS needed to liquidate more than 1,000 pieces of seized property at two

separate locations. The scope of the sale would be signifi cant, and would need to abide

by federal policies for managing and disposing of seized assets.

The Insight

Recognizing the complexity of this sale, DOJ representatives engaged Shattuck to

liquidate the property. Shattuck, armed with decades of experience in these types of

sales, devised a detailed liquidation plan. The Shattuck team was quick to align and

mobilize, preparing the assets for onsite preview and online auction.

Shattuck conducted a thorough walk-through at the locations where the seized property

was being stored. In addition to storing multiple aircraft, the airplane hangar was being

used to warehouse seized property from several homes including fi ne art, jewelry,

electronics, fi rearms, furniture and machinery. The sheriff’s compound lot housed sports

cars, SUVs, motorcycles and tractor trailers. Shattuck lotted and staged the seized assets

and relocated all seized vehicles and trailers to a public tow-yard in preparation for three

on-site public preview dates.

Shattuck identifi ed market segments and selectively promoted the sales to target

markets, optimizing resources and generating signifi cant interest in the auction sale.

The Results

Shattuck sold all seized property, vehicles and trailers via an online

public auction. In addition, Shattuck managed the payment collection

for all sold items and ensured all items were retrieved within seven

days of the auction’s close, supervising removal to safeguard the

hangar from damage or disturbance. The hangar itself sold by

private sale within the contract term dates, thanks to Shattuck’s

national advertising efforts.

The favorable outcome of the auction and private sale helped

strengthen the DOJ’s confi dence and trust in Shattuck, who they

continue to engage for ongoing projects.★

SUCCESS STORY | U.S. DEPARTMENT OF JUSTICE

The Department of Justice (DOJ), in conjunction with the Internal Revenue Service (IRS), needed to liquidate seized assets – the proceeds of federal crimes. Shattuck was retained to liquidate the seized property including assets stored at a seized airplane hangar, the airplane hangar itself, and more seized property stored at a sheriff’s compound lot. Shattuck was seamlessly able to sell the seized property by public online auction and the hangar by private sale.★

AT A GLANCE

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Shattuck LLC performs public auction of all medical center assetsThe Challenge

When UT Southwestern Medical Center (UTSW) purchased St. Paul University Hospital

it was determined that a renovation of the old nine-story medical facility would be too

costly. Hospital leaders instead chose to demolish the facility and transfer operations

to another UTSW facility, William P. Clements Jr. University Hospital. As a result, UTSW

had to liquidate all assets of value from the former St. Paul facility – a hospital that had

operated for more than 50 years – within 30-45 days.

The Insight

With decades of auction project experience in the medical fi eld, Shattuck was quick to rise

to the challenge. Immediately after the project was awarded, Shattuck devised a detailed

hospital transition plan. Its fi eld services team captured asset tag numbers to assist UTSW

in reconciling their equipment and supply inventory prior to moving the assets. Next,

Shattuck identifi ed and prepared all fi xed-in-place and non-fi xed assets of value for sale,

preparing for three public preview dates and numerous private preview appointments.

To promote the preview opportunities, Shattuck employed a combination of digital and

print promotional methods to target regional buyers, including Shattuck’s database of

20,000+ registered bidders. For each preview, Shattuck routed buyers safely through the

facility to view fi xed assets.

In addition to managing the accelerated schedule and removal of assets, Shattuck

needed to provide oversight to ensure HIPAA compliance throughout the transition. But

Shattuck knew how to manage each obstacle and was able to protect its client and their

best interests every step of the way.

The Results

Shattuck sold all designated assets in 45 days from the time the items

were grouped into auction lots. All sold items were retrieved within seven

days of auction close, ensuring the demolition schedule stayed on track.

The highly-targeted, highly-effective marketing efforts put out by

Shattuck helped promote regional interest in the auction, generating

twice the projected revenue for the sale – more than $652K in all.

In addition, because Shattuck was able to mitigate a signifi cant

amount of tonnage from the demolition contract, UTSW was able to

save a tremendous amount on the cost of demolishing the facility.

UTSW expressed its pleasure in Shattuck’s sales process, calling the hospital

transition “fl awless.” And Shattuck has been able to continue enhancing its

collaboration with UTSW, which has developed into a productive working relationship.★

SUCCESS STORY | UTSW - ST. PAUL UNIVERSITY HOSPITAL

Following its acquisition of a 50-year old medical facility, University of Texas Southwestern Medical Center (UTSW) was faced with decommissioning the former hospital location within an exceptionally tight timeline. UTSW engaged Shattuck to organize and prepare all fixed in-place and non-fixed assets for public online auction. With Shattuck on board, UTSW was able to maximize the value of these assets while mitigating the costs of demolishing the facility – all within the required timeline. ★

AT A GLANCE

WWW.SHATTUCK.COM | WWW.SLAPSALE.COM | 512-482-0270

Shattuck LLC sold all assets of nine-story hospital including 185+ hospital beds.