The initial goal is to clear space by selling large, cumbersome pieces of equipment. Still, the behind-the-scenes prep work is largely the same, regardless of the venue, Grafe said.
“We are literally eating our first bite and getting everybody introduced to the process.” “How do you eat a big apple? One bite at a time,” Grafe said. When CDI issued a proposal request seeking an auctioneer back in February, it listed the likely revenue from the complete sale of the track's contents at approximately $2.5 million.Īlthough organizing a sale of such magnitude seems like a difficult endeavor from a “Where do you start?” perspective, Grafe's family has been in the auction business for more than 60 years and has liquidated the contents of numerous large facilities, like resort hotels and even a drag-racing auto track. Arlington's final races under the CDI regime were last September. (CDI), the gaming corporation that previously shuttered Hollywood Park and Calder Race Course, is in the process of completing a $197-million sale of the 326-acre Arlington property to the Chicago Bears football team.
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We're actually physically photographing and creating catalogues, and we will update the website weekly with times and dates of upcoming sales,” Grafe said.Ĭhurchill Downs, Inc. “I don't have a date for the memorabilia yet. “We're going to be targeting nostalgia and memorabilia items mid-September,” said Judd Grafe, who runs the Minnesota-based Grafe Auction Company, in a Thursday phone interview. The coveted big-ticket racing-related offerings–marker poles, finish lines, signage, artworks, and even starting gates–will be among the last batches of items to be sold. The sales process, which is scheduled to take place over the next few months in up to 15 separate “events” grouped by asset type, is beginning with food-service and kitchen items. The first items in a massive online-only auction of the contents of Arlington International Racecourse have been listed for bidding.
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