RealTime IT News

Bid4Assets Sells Last Remnants of Boo.com

[London, ENGLAND] Asset disposition firm Bid4Assets said Thursday it is to sell the last remaining assets of the (old) defunct boo.com north america inc.

Although boo.com has risen again under new ownership, there are some remaining assets of the old company in North America where the European fashion retailer had headquarters in New York City. They include desktop computers, laptops and monitors and other equipment that could be attractive to cost-conscious Internet companies.

"We believe the best way to sell Internet assets is on the Internet," said Bid4Assets Chief Executive Tom Kohn.

"Our experience selling these types of assets has brought, and will continue to bring, the best return to creditors," Kohn claimed.

In end-of-2000 round-ups of the Internet industry, the fall of boo.com comes consistently as one of the most spectacular events. In Thursday's Financial Times it is listed at the top of an illustration of a gravestone as having "died" on May 17, having absorbed an investment of US $165 million.

Earlier this year boo.com sold everything else, from inventory to its back-end order fulfillment technology and domain names. Most of its assets were purchased by Fashionmall.com, the U.S. firm that has now relaunched boo.com.

Bid4Assets says that interested parties can schedule a time to inspect the equipment in the former boo.com New York office.

Sales conducted by Bid4Assets of other failed Internet companies have included Value America, Broadband Infrastructure Group, Civiczone.com and others that wish to remain anonymous.