Bankrupt solar panel maker Solyndra held a two-day auction for some of its assets last week in an attempt to recoup some of its losses, and reportedly drew thousands of people online and in person. The New York Times quoted a managing partner of the firm that ran the auction as saying he hadn’t seen an auction that well attended since Enron.
However, according to media reports, there were so many people looking for deals that prices of many of the goods weren’t as rock bottom as some hoped and bidders were willing to pay high prices for goods with Solyndra logos on them (remembrances of the train wreck that was Solyndra). The company had a $535 million loan from the Department of Energy before it went bankrupt and was a flagship of the DOE’s loan program, even receiving a visit from President Obama.
1. Obama banner. A 30-foot long blue banner that served the backdrop for President Obama’s visit. It reads “Solyndra, the new shape of solar,” and “Made in the U.S.A.”(see photo above). Bloomberg reports that Scott Logsdon, a former Solyndra employee, paid $400 for the banner.
2. Other Solyndra banners. Smaller, less historic, banners went for closer to $90.
3. Solyndra t-shirts. Politico reports those went for $18. And packages of T-shirts went for $300.
6. Solyndra modules. A collection of spare Solyndra solar modules went for $1 million, according to the Times. But the auction of Solyndra’s solar intellectual property and full panels hasn’t happened yet.
7. Spare metal. Metal scrap was a big winner in the auction, via Politico.
8. Framed photographs. A framed photograph from space of the earth and moon went for $400, according to Politico. Other framed photos were available, like photos of the factory construction, and the solar tech.
9. A solar simulator. I saw these when I visited the factory earlier this year, and my photo is from that visit.
10. Office gear. The office gear didn’t go for rock-bottom prices, but went for closer to standard market sales, like this digital projector that was bought for $1,300, one of the first items sold.
Images courtesy of Heritage Global Partners.