Blog

Bankruptcy Auction

October 22, 2013 - As a buyer, have you ever experienced the letdown of an auction you were interested in being cancelled? Chances are, when you are in the business of buying at auction you are likely to come across an auction that you are excited about to find out later that it has been cancelled. As a buyer sometimes you have incurred expense to inspect equipment, examine title or do environmental reports only to learn that the item(s) you were after are no longer available.

October 15, 2013 - It seems that the government shutdown is affecting all businesses in way or another which got me questioning whether auctions are at all affected. I was surprised by what I found, and thought it would make a nice entry for the Blackbird Blog.

yogurt blog photo 

March 14, 2013 - New York State and the dairy industry are benefiting from booming Greek Yogurt Sales.  As the public yearns for what is perceived as a healthier yogurt, it is also making the local economy in New York healthier.

February 15, 2013 - While great deals can sometimes be found by purchasing property at auction, not everyone in attendance at the sale is there to buy. As a matter of fact, if they are the owner they might not be happy to be there at all.

January 22, 2013 - Bankruptcy filings are at the lowest since the financial crisis of 2008.  If we continue with lower interest rates, continued deleveraging by households, and reduced consumer spending, economist expect that bankruptcy filings will continue to decline into the foreseeable future.  Data listed below is a summary of data taken from a report by Epiq Systems, Inc.  

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August 6, 2012 - According to a recent report released by the American Bankruptcy Institute (ABI), total bankruptcy filings in the United States for July 2012 decreased 12 percent compared to the July 2011 filings.  Total filings for July 2012 were 97,073, down from 110,173 filings in July 2011.  The commercial only filings for July 2012 were 4,513, a decrease of 22 percent from the 5,800 filings for July 2011.  The non-commercial only filings for July 2012 were 92,560, a decrease of 11 percent from the 104,373 filings for July 2011.

June 7, 2012 - While doing research for a project we came across some information regarding the US tire manufacturing industry that we found interesting.  The US tire manufacturing industry consists of about 100 companies with combined annual revenue of about $15 billion.  The industry is highly concentrated, with the top four companies generating more than 75% of the revenue. 

May 15, 2012 - We recently conducted a bankruptcy auction for one of the last hardwood furniture manufacturing companies in the US.  What follows is our assessment of what is happening in the hardwood furniture manufacturing industry.

March 22, 2012 -  In the United States, the plastics industry is linked to the general health of the economy because plastic products are used widely in industry and as consumer products.  Thus, plastics demand depends on the overall health of the economy [www.firstresearch.com].  Since the recession of 2008/2009 when manufacturing was at an all-time low, industry officials are optimistic that the Blow Molding Industry will continue to slowly recover. 

January 14, 2012 - We conducted a very successful online auction of Qualtech Pins & Fasteners in Buffalo NY, a cold heading shop that specialized in manufacturing precision dowl pins.  We thought we would take this opportunity to explain the pretty nifty ability cold heading equipment has to transform a simple wire into an intricately shaped part, such as a screw, bolt, nut, rivet, or specialized fastener.  Although their function seems so basic, these small metal parts play a huge role in keeping some industries afloat, and few people know how they're made.