Grand Royal record label, which as reported by MTV.com shut down in August 2001, has resurfaced for sale in a bankruptcy auction on the Bid4Assets Web Site,http://www.bid4assets.com. Bids can be placed on the record label now through January 22, 2004, at 3:00 pm ET at http://www.bid4assets.com/grandroyal.
Assets up for auction include master recordings, licensing agreements and miscellaneous merchandising agreements. More details are available online at http://www.bid4assets.com/grandroyal. The minimum bid is $10,000. Interested parties can contact Bid4Assets with any questions by sending an email to [email protected]
“The bankruptcy trustee for Grand Royal selected the Bid4Assets Web Site based on its ability to sell assets quickly, efficiently and to the right buyers worldwide. Other assets that can be found on the Bid4Assets Web Site include seized assets from the U.S. Marshals Service – another reason, besides the bankruptcy auctions, buyers keep coming back,” said Bid4Assets vice president of marketing and corporate-wide communications Jenny Lynch.