Associated Press
February 5, 2010
JUNCTION CITY, Ore. -- It took less than an hour to auction $2.58 million worth of Country Coach motor homes that were the highlight of a marathon liquidation sale.
The high-end RV manufacturer founded 37 years ago in Junction City has gone out of business and its assets are being sold to satisfy creditors under order of a bankruptcy judge.
The crowd was standing room only on Thursday, the first day of a two-day auction. About 1,000 people registered as bidders and 300 more signed up to bid online.
Country Coach founder Bob Lee and his brother Ron submitted the high bid of $170,000 for the company's intellectual property. The purchase also gives Lee the rights to the Country Coach brand, but he had no comment when asked if he would consider restarting the company at some point.
RV manufacturer's assets sold
February 5, 2010
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