As a belated Christmas gift, George H. Singer, Esq., of the Minneapolis law firm Lindqvist & Vennum, legal counsel to John R. Stoebner, the court-appointed Chapter 7 Trustee in the PBE Corporation bankruptcy proceeding, sent me a “Notice and Demand” letter dated December 30, 2009, indicating his unhappiness, and his client’s, with some of the reportage and commentary posted here. I responded, and he replied, and I replied in turn, in a full and frank exchange of views. You’ll find our collected correspondence here. […]
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Given that a single Steichen print went for close to $3 million just a few years back, and a single Gursky sold for over $3 million shortly thereafter, the notion that no one in what Maneker calls “the photography market” can afford to buy the Polaroid Collection is laughable on its face. If price is no object, then what is? This brings me to the logical conclusion that every potential buyer has discovered in examining the collection’s documentation that the bulk of it is contractually encumbered in ways that prohibit (or at least problematize) its sale, thus also making perilous its purchase as a whole. . . . […] |
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Polaroid Collection: Urgent Institutional Alert 1
John R. Stoebner, the court-appointed Chapter 7 Trustee in the PBE Corporation bankruptcy proceeding that involves the Polaroid Collection, anounced on January 3, 2010 that he has found buyers for most of the collection. This opens the way for a poential auction for the several remaining components of the Polaroid Collection, with competitive bids due no later that 5 p.m. CST on January 20, 2011 — 10 days hence. That leaves a very brief window of opportunity for any institution or other potential purchaser to submit an offer. […]