Art of the take: Liquidation sale at Trump'' s previous casino

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Wayne Parry/ AP Gerald Winchester, left, chats with Marie Marine, right, as they wait to get in the former Trump Taj Mahal gambling establishment in Atlantic City N.J. on Thursday July 6, 2017, for a sale of the casino hotel’s contents. Included in the products for sale were crystal chandeliers from Austria that now-President Donald Trump bought for the gambling establishment when he opened it in 1990. The gambling establishment shut down in 2015 under different ownership.

Thursday, July 6, 2017|3:34 p.m.

ATLANTIC CITY, N.J.– For some, it was The Art of the Steal.

Numerous people swarmed the lobby of Atlantic City’s Trump Taj Mahal gambling establishment on Thursday, wanting to score huge.

However they weren’t bettors. They were bargain hunters looking for rock-bottom deals at a liquidation sale of the contents of the extravagant gambling establishment that Donald Trump integrated in 1990 as a monolith to excess and glamour.

And while elaborate crystal chandeliers from Austria that the future president and his very first better half, Ivana, chose for the gambling establishment were up for sale, more popular items consisted of TVs, chairs and space furnishings.

“I have no use for chandeliers, but I can use a good TELEVISION for my bedroom,” stated Gerald Winchester, of Atlantic City. He stayed so frequently at the Taj Mahal, sometimes playing six days a week, that the hotel home furnishings looked familiar to him.

“I have actually been in many spaces at this location that I probably currently viewed this TELEVISION,” he said, wheeling away a flat-screen video monitor for $50.

Political addicts were likely to be dissatisfied: All products with the Trump name on them were gotten rid of from the gambling establishment prior to the sale began. (Sad!)

“I would have wanted to get a roulette table or a blackjack table with the name ‘Trump’ on it,” said Dr. Jason Bourne, who was on his method to Atlantic City from Bethesda, Maryland, when he discovered of the sale.

The three largest chandeliers above the primary escalators cost $250,000 apiece when new; they were costing $35,000 Thursday. And the seven smaller sized chandeliers in the lobby were already drawing interest at $7,500 each, marked down from $40,000.

“We in fact have somebody from Texas that’s flying in here to have a look at them,” stated Don Hayes of National Material Liquidators, which was conducting the sale. “He’s gon na put ’em all in his home!”

The business purchased the unwanted contents of the casino and hotel from Acid rock International, which bought the shuttered residential or commercial property in March for $50 million, or about 4 cents on the dollar from the $1.2 billion Trump invested to open it.

It is then as much as the liquidators to obtain whatever they can for the specific products. Hayes would not say what does it cost? the business wished to make from the sale.

Trump cut most ties with Atlantic City in 2009, having lost control of the casino company in a personal bankruptcy. His pal and fellow billionaire Carl Icahn shut the Taj Mahal down last October amidst a bitter strike with Atlantic City’s main labor union.

Hard Rock prepares a May 2018 opening under its own music-related theme, thus the need to get rid of all things Taj Mahal.

Maria Marine, of Egg Harbor City, New Jersey, an Atlantic City residential area, was on the prowl for swimming pool and patio area furniture. While waiting for the doors to open, she remembered the gambling establishment’s prime time.

“When this very first opened, I couldn’t wait to see it,” she said. “The celebrity, the magnificence. Back in the ’90s, this was it. The gold standard.”

But by Thursday’s sale, a few of the stock looked every bit like it had actually been on the job given that 1990, including patio tables of differing strength, bar chairs with the odd scratch or chip, and stainless-steel circular tables with more than a dent or more.

One purchaser grabbed the whole inventory of 30,000 bedsheets prior to the sale started. The only other things left in the room where they had been stored were two huge racks of numerous irons, each selling for $8.

“That’s a remarkable rate,” stated Vinny Miguel, of Philadelphia, who picked up 5 of them. “I got a great deal of family, and a lot of laundry.”

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