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Inside This Issue:Inside This Issue:
Crossword Puzzle......... ................. ................. ................. ................. ... pg. 2
Elles Kitchen .......................................................................................pg. 2
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Winter Weather Taking Its Toll on
Auctions in the South.
Winter weather can bring everything to a
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ishes during these rare snowy seasons are the
food stores.
Although the auction industry in this area isstill working, needless to say, we are still stuck
in low gear as we all slip and slide our way
toward spring and warmer weather. For those
of you who have the dreaded cabin fever and
are axiously awaiting fair weather and more
auctions to attend, do not dispair. There are
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LIVE AUCTIONS!Published Every Other Friday ~Next Issue: February 26, 2010 FEBRUARY 12, 2010VOLUME 6, ISSUE 119
Join us for a NO RESERVE AUCTION where Sellers haverented booth space & filled them with all sorts of items.
We will then go fromBOOTH to BOOTH & SELL EVERYTHING
to the Highest Bidder,Regardless of Price!
114 George L. Davis Blvd. Nashville, TN 37203David Allen, Auctioneer #5600Music City Auction TN FL 4976
13% Buyer's Premium (10% if payment by cash/check)For more info, visit:
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Feb. 24th at 10AM, Preview 9:00AMWednesday,
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www.AmericasAuctionReport.comPage 2Elles
Kitchen
8 ounces (2 1/2 cups) uncooked dried ziti pasta1/4 cup dried Italian bread crumbs1/4 cup sliced green onions1 tablespoon Butter, melted1/2 cup milk4 ounces cream cheese, cubed2 ounces (1/2 cup) Gorgonzola cheese,
crumbled1/4 teaspoon salt
Cook pasta according to package directions.Drain.
Meanwhile, combine bread crumbs, 2 table-spoons green onions and butter in small bowl.Set aside.
Place remaining green onions, milk, creamcheese and Gorgonzola cheese in 12-inch non-stick skillet. Cook over medium-high heat, stir-ring occasionally, until cheese is melted (2 to 3
GORGONZOLAZITI
BEEF TENDERLOINWITH BLUE CHEESE
Tender, thick and juicy--thesebeef tenderloin steaks are in-credible with a dollop of bluecheese and mustard-flavored
butter.
Meanwhile, combine all remaining ingredientsin small bowl.
To serve, dollop butter mixture over grilledsteaks.
Recipe TipEliminate one last minute dinner party task bymaking the blue cheese Dijon butter up to a day
ahead of time; cover and refrigerate. Let standat room temperature for 30 minutes or untilsoftened before serving.
ACROSS
1 Negative (prefix)
5 Annex (2 wds.)
10 Dyke
13 Grizzled
14 Dwarf
15 Meditation
16 Little Mermaid's love
17 Number system base
18 Ruler
19 Garden tool
21 Turks
23 Central processing unit
26 Spider's net
28 Ponder
29 Permit recipient
32 Pennsylvania (abbr.)
33 Women's magazine
34 Swamp
36 Welt
37 Beaver's house
38 Pack
42 Roll with a hole
43 Nimbus
44 Secondary
46 Felt ill towards
49 Reside illegaly
51 10 liters (abbr. for dekaliter)
52 Ship initials
53 Rain Man disorder
57 Elf
59 Earns
60 Recruit
62 Labels
66 Beech67 Propel with oars
68 Gets older
69 Sailor's yes
70 What you pay on April 15
71 Only
DOWN
1 To be
2 Neither's partner
3 Thai
4 Edge5 Matches
6 Genetic code
7 Extinct bird
8 Leave out
9 Barber's call
10 Empire
11 Growing older
12 Swamp
15 Asian country
20 Possess
22 Collectable
23 Acquaint
24 Mound
25 Ca. University
27 Confuse
30 Elver31 Old
32 "Raven" author
35 Eyed
37 Lick
38 __ Francisco
39 Skirt
40 Mined metals
41 Bunches
42 Antes
44 Leather legging
45 Elevate
47 Fortes
48 Shade tree
49 Jolly man
50 Inquire
54 Examine
55 S.A. Indian
56 Point
58 Parent teacher groups
61 Roberto's yes
63 Gone by
64 Hair stuff
65 Compass point
Crossword Fun!
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February 12, 2010
minutes). Remove from heat.Add cooked pasta and salt; mix lightly. Sprin-kle with bread crumb mixture. Serve immedi-ately.
Ingredient Substitution Index
Nutrition Facts (1 serving): Calories: 430, Fat:19g, Cholesterol: 55mg, Sodium: 580mg, Car-
bohydrates: 50g, Dietary Fiber: 2g, Protein:15g
2 (6-ounce) (1 inch thick) beef tenderloinsteaks
1 teaspoon olive oil1/4 teaspoon salt1/4 teaspoon coarse ground pepper2 tablespoons crumbled blue cheese1 tablespoon Butter, softened1 teaspoon chopped fresh chives1 teaspoon Dijon-style mustard
Heat gas grill on medium-high or charcoal grilluntil coals are ash white. Rub steaks all overwith oil. Sprinkle with salt and pepper.
Place steaks onto grill. Grill, turning once, untilinternal temperature reaches 145F. (medium-rare) or until desired doneness (7 to 11 min-utes).
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www.AmericasAuctionReport.com Page 3January 29, 2010
Latvian ghost town auctioned off for $3.1
million
Sold again, nobody home: Ebay auction is
latest deal for house in central Toledo
SKRUNDA, Latvia Latvia sold a deserted
town built around a Soviet-era radar station to
a Russian investor who bid $3.1 million at an
unusual auction Friday, officials said.
The town formerly known as Skrunda-1
housed about 5,000 people during the Cold
War but was abandoned over a decade ago
after the Russian military withdrew from
Latvia following the Soviet collapse.
A representative of a Russian investor won the
bidding contest in Latvia's capital, Riga, with
an offer of 1.55 million lats ($3.1 million),
said Anete Fridensteina-Bridina, a spokes-
woman for the Baltic country's privatization
agency. She said the buyer was Alekse-
jevskoje-Serviss, a Russia-based firm, though
she could not provide details.
It wasn't immediately clear what plans the
buyer had for the 110-acre (45 hectare) prop-
erty, which is located in western Latvia about95 miles (150 kilometers) from Riga. The
town contains about 70 dilapidated buildings,
including apartment blocks, a school, barracks
and an officers' club.
Built in the 1980s, Skrunda-1 was a secret set-
tlement not marked on Soviet maps because of
the two enormous radar installations that lis-
tened to objects in space and monitored the
skies for a U.S. nuclear missile attack. Like all
clandestine towns in the Soviet Union, it was
kept off maps and given a code-name which
usually consisted of a number and the name
ofa nearby city.
The Soviet Union fractured in 1991, a newly
Feb. 7--IT WAS advertised on the Internet
auction site eBay as an investment property --
a "huge duplex" on a Toledo block that has a
pair of newly constructed houses.
The two-family house at 641 Palmwood Ave.
attracted 18 offers, including a winning bid of
$2,325, according to eBay. But in this auction,
the losers may have been the winners.
Six weeks after the sale and nine days after
new owners took title to the house, a review
of court files, property records, and documents
at the city of Toledo's division of housing code
enforcement paints a picture of a long vacant
house that has bounced from owner to owner
with no one taking responsibility for restoring
it to habitability.
The records open a window into a world of
real-estate investment promoters who use the
Internet and other means to advertise strate-
gies for getting rich by buying up dirt-cheap
houses in the Midwest and East.
Since late 2007, the property at 641 Palm-
wood, once home to a prominent member of
Toledo's African-American business commu-
nity, has changed hands six times. The lastsale, on Jan. 29, took place just two days after
the owners failed to appear at an arraignment
hearing in Toledo Municipal Court on charges
that, despite repeated citations, they failed to
clean up the property.
Because charges were pending, the sale was
not legal, said Larry Anderson, an administra-
tor in the Department of Neighborhoods. He
and department colleagues said, however, that
the most likely outcome is a $250 fine against
the sellers.
The house, built in 1887, sold for $940,
records at the Lucas County Auditor's Office
show, despite information on eBay about the
winning bid. The selling price for the property
over the last two years never topped $1,000,
according to the records.
Often, the price was listed as $1. In all but one
of the deals, the new owners did not live in
metro Toledo. Most often they were obscure
shell companies with alphabet-soup names,
from places like Reno, Orem, Utah, North
Hollywood, Calif., and Columbia, S.C.
Real estate investor Tyrell Gray, through a
company in Utah called Go Invest Wisely
LLC, owned the Palmwood Avenue house for
five months last year before selling it in May.
Web site junkhouseriches.com lists him as itsco-founder.
He and his business partners have snapped up-
nearly $150 million in bank-owned houses, the
Web site claims. They make money by fixing
up houses for rental and then reselling them to
investors, the site states.
Mr. Gray's group paid $500 for the house in
December, 2008, and then sold it for $1,000
five months later, county records show.
In contrast to the property description on eBay,
the house is flanked by vacant houses. Nu-
merous windows of the sky-blue house are
broken, and they are only partially boarded
over.
Municipal crews have been sent out frequently
to board up windows, cut grass, and pull
weeds including on Sept. 16 and Dec. 16,
records show.
Abandoned houses are commonplace across
Toledo. The list scheduled for demolition bymunicipal crews has reached 480, officials
said. Out-of-town ownership can complicate
problems with vacant houses, said Terry
Glazer, chief executive of the nonprofit United
North neighborhood association.
A $10,000 house in Toledo probably looks ap-
pealing to investors in California, where few
dwellings sell for less than $100,000.
"They think they can make money quick," Mr.
Glazer said. "But in Toledo there are a signif-
icant number of properties at the lower end ofthe price range, particularly houses that are in
disrepair and are not habitable."
Mr. Anderson, of Toledo's Department of
Neighborhoods, said it is not commonplace for
houses to change hands as often as the Palm-
wood Avenue dwelling has. But the number of
such situations is growing, he said.
"It's become more prolific with ... the Internet
and infomercials," he added.
"What you get is a lot of out-of-town LLCs
working in this business to try to make a quick
buck."
independent Latvia was eager to scuttle all So
viet military bases and expel Russian troops.
Russia's Defense Ministry, however, continued
to rely on Skrunda's early warning system, and
as a result the radar base was for years used as
a negotiation tool between Washington and
Moscow.
One of the radar buildings dubbed Pechora
was enormous, soaring 60 meters (180feet). In May 1995, it was ceremoniously
blown up by a U.S. demolition firm using over
a ton of dynamite.
Finally, in 1998 the last residents of Skrunda-
1 departed, leaving behind hundreds of vacant
apartments and dozens of buildings. Talk about
transforming the town into a recreational area
went nowhere, and finally two years ago
Latvia's government decided to put the entire
settlement on the auction block.
Sarmite Stradniece, a resident of Skrunda,which is 3 miles (5 kilometers) south of
Skrunda-1, praised the idea to sell the former
military base. "They need to restore that place
and let some people live there," she said.
The fact that the town was sold to a Russian
investor is bound to bother nationalists in
Latvia, who are leery of Russian capital buying
real estate in the tiny Baltic state, but privati-
zations officials insisted the sale was a success.
"It fetched 10 times the starting price," Friden-
steina-Bridina said, "and finally something can
be done with the town."
Associated Press
By Gary T. Pakulski, The Blade, Toledo, Ohio
AP Deserted buildings seen in Skrunda, a Soviet ghost town, Latvia, Friday, Feb. 5, 2010.
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www.AmericasAuctionReport.comPage 4
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January 29,
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Auctioneer Videos - Auction
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Live steam powers a $ 2 m i l l i o n
W i n t e r T o y s a l e a t M o r -
p h y s
European steam toy buyers, several of whomflew in to bid in person, drove Morphy Auc-
tions Winter sale beyond the $2 million mark.
A circa-1904 Marklin steam engine topped
all lots at $46,000.
Everyone dreams of finding something in anattic or flea market that turns out to be valu-able. That something could be a stock certifi-
cate that is still valid for ownership in acompany. If you were to find one, it should beresearched (just in case). But unfortunately,that seldom happens.
However, it still might be worth something asa collectors item. This article discusses thecollector value of antique stock certificates.Ul-timately, of course, what makes a collectiblestock certificate valuable is someones will-ingness to buy it at a particular price. Themore people who want it, the more it is worth.Thats the demand side of Supply and De-
mand.
But what about the supply side - the certifi-cates themselves? The following are some ofthe characteristics of the supply side of certifi-cates that help create more value.
1. Aesthetic appeal -
Is it pretty, powerful, soothing, impressive,memorable, joyful, comforting, funny? Do Ilike it? Is it me? Youll notice these are allemotions of the viewer. Thats what art doesif its good - it evokes emotions. Here aresome of the decorative aspects of stock certifi-cates that most people appreciate:
* The vignette(s). One or more of these pic-tures can be found on most certificates. Vi-gnettes are usually made from originaletchings and cover many different subjects andscenes. Many are so detailed that they canshow a wide, complex harbor scene, a busywestern town or the individual feathers on anAmerican Bald Eagle.
* The border. Borders are often quite ornateand frame the certificate. They can be in-taglio printed, which results in a precise 3-Deffect. Some may have extra vignettes woveninto the design or intertwined in filigree.
* The writing. In the old days, certificateswere filled in by hand. In that period, beautifulhand writing was a source of pride, so olderdocuments sometimes look like practiced cal-
ligraphy samples.* The extras. Certificates may have one or
more of the following: a company seal (em-bossed), revenue or transfer stamps (stuck ontothe front or back), redemption coupons (for in-terest or dividend payments), an attached stub(similar to a check stub for registration), under
prints (a light design seemingly in the back-ground), sophisticated color tone usage (gra-dients, realism, dimensional)
* The impression. This goes back to theemotions evoked. Does the overall certificatestrike you? Is it one you would be proud toown or display?
2. Signatures -
This is similar to the writing above, but thisis special. Who wrote it? Original, hand writ-ten signatures of well known people (Rocke-feller, Houdini, Edison, Disney) areusuallyin high demand. Even their printed sig-natures can have incremental value because itis a document from an organization they were
affiliated with at a certain time in history. Ifyou research names on certificates, you willfind fascinating stories behind them that you
probably never learned in history class.3. Scarcity -
This is trickier than it seems. In general, therarer a document is the more valuable it is, butnot always. Take railroad certificates. Thereare, relatively, lots of them. But there are also,relatively, lots of railroad certificate collectors.And there are people who collect other typesof railroad memorabilia and decide to collect afew railroad certificates. And there are stampcollectors that also collect certificates that havestamps on them.
There are also many people trying to fill in col-lection themes (geographic, company lineage,
varieties, vignette subject). So a certificatemay have more samples available than another,
but still be more valuable because the demandis higher.
4. Condition -
Most of the time, as with any collectible, thebetter shape a certificate is in, the more valu-able. Very old certificates almost always showsome signs of aging and wear (fold creases,fading, rough edges, cancellation marks or
punches). After all, how would you lookafter 150 years? But excessive marring (heavystains, splits, holes, tears) diminish value.
5. Age -
Usually, the older the better. Early certificatesare often rarer, have more character, have in-teresting vignettes and have historical signifi-cance.
6. History -
Every old stock certificate is literally a uniquepiece of history. Many collectors become his-tory buffs in the process of researching the peo-
ple and stories behind their certificates. Youcan learn how towns were named, the quirkyway newspaper stories were written long ago,why the mining labor disputes erupted, howrailroads became the arteries and veins ofAmerica, the trials and joys of Old West living,the crazy inventor ideas that birthed major in-dustries, and lots more.
So these are six major stock certificate charac-teristics that create value. Add in the overallfact that there is a finite supply of antique stockcertificates and, currently, a growing demand,and you have a beautiful Supply/Demand sce-nario - thats how value increases. (Dis-claimer: No one should promote stockcertificates as an investment. You should col-lect them because you enjoy doing so, and ifthey happen to increase in value, that justmakes it more fun.)
Scripophily (the collecting of antique stock
certificates) only got its name and wide recog-
nition as a legitimate collecting field about
forty years ago. So, while there are plenty of
high-value certificates, there are even more
that are very affordable. Enjoy them.
What Makes Collectible Stock Certificates
ValuableBy Larry Crain, CEO RealStockCertificates.com
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5/6
Page 5www.AmericasAuctionReport.comFebruary 12, 2010
Get A FREE SUBSCRIPTIONto Americas Auction Report
e-mail us [email protected]
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Search
APPLE, BIRCH, CEDAR, ELM, FIR, MAPLE,NECTARINE, OAK, PALM, PEACH, PEAR,
PLUM,PINE, POPLAR, RUBBER, SPRUCE, WALNUT,
WILLOW
TREES
Words can be horizontal, vertical, or diagonal
Answers
To ThisWeeksPuzzle
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Wally GilliamRealty & Auction
Wally GilliamRealty & AuctionPrivate & Auction Sales
704 S. Broadway, Portland, TN615-325-4597TNFL #2621 KYFL #RP2749
www.gilliamrealtyandauction.com
REAL ESTATE: A nice approved building lotwith approx. 88 of road frontage on Portland Blvd.with excellent restrictions and with all city utilitiesavailable. Also being offered is a choice approx. 26+/- acre tract with approx. 1271 of road frontage onJim Courtney Road and has a conceptual plan ap-
proval for a 44 lot subdivision. This tract offers aunique opportunity being located across the streetfrom the city park and just a short distance from the center of town and just minutes from I-65. This property offers anabundance of opportunities for the new owner whether you are a developer or just looking for a wonderful mini farm.We invite you to preview this property and give us a call with any questions.
REAL ESTATE TERMS: We require 15% down sale day with closing to be on or before 30 days from day of sale.Buyer and seller are responsible for their own closing costs. Taxes to be pro-rated at closing and seller to provide titleinsurance.
DIRECTIONS: I-65N to Exit #117, right onto Hwy 52E to Portland, left onto Hwy 109N, right onto McGlothlin St.,cross railroad tracks, straight to Wheeler Street, left curve onto Portland Blvd. to property on right. Signs posted.
Saturday, February 13,at 10:00 A.M.
3115 Hwy 52E,Bethpage, TN 37148
Announcements made day of sale take precedent over all prior advertising.
SUBDIVISION POTENTIAL! CITY UTILITIES AVAILABLE!
COURT ORDERDED
Auction!Saturday, February 27, 2010 @10:00 A.M.
Building Lot and 26 +/- Acres
Portland Blvd. and Jim Courtney Road, Portland, TN 37148
Conceptual
Plat for
Illustrated
purposes
Only
ABSOLUTE PERSONALPROPERTY
AUCTIONVEHICLE: 1996 GMC Sonoma pick-up truck -very niceTOOLS AND SHOPEOUIPMENT: Sears5 HP 60 gallon uprightair compressor,stackable roll-aroundtool boxes, Lincoln225 amp welder, torch w/hoses, Marquette batterycharger, %" to %" Craftsman, S & K, and Proto sock-ets and ratchets, air impacts 3/8" to 3/4" drive,wrenches (all sizes) variable speed floor model drillpress, 50,000BTU space heater w/blower, 10" miter saw, 6" benchgrinder, table top bench grinder, vises, Dewalt cord-
less drills, air finish nailer, drill bits, tap die sets, vastassortment of hand tools, hammers, Murray 12 HPriding lawn mower and much more.HOUSEHOLD ITEMS: Whirlpool washer anddryer, Whirlpool refrigerator, Crossley 21" TV, 27"TV, DVD, VCR, Electric lift chair, love seat, 3 pc.Bedroom suite, small freezer, along with a large as-sortment of kitchenware and many other householditems.TERMS: Cash or good check day of sale.DIRECTIONS: Approx. 9 miles from Portland onHwy 52E to property on the left. Signs posted.
AUCTIONCORNER LOT CITY WATER AND
SEWER . GREAT LOCATION!SATURDAY,
FEBRUARY 2010:00 A.M.
Robin Drive & SouthRussell Street
Portland, TN 37148
REAL ESTATE: This corner lot offers the newowner an excellent location close to schools, shop- ping and medical facilities with all city utilitiesavailable. This residential lot is located in a well es-tablished neighborhood and would make a greatbuilding site for your new home or would be a won-derful investment for the future. Take a drive out topreview this property and give us a call with anyquestions.
REAL ESTATE TERMS: We require 15% downsale day with closing to be on or before 30 days fromday of sale. Buyer and seller are responsible for theirown closing costs. Taxes to be pro-rated at closingand seller to provide deed.
DIRECTIONS: From Portland take Hwy. 52E ap-prox. 1/4 mile to first red light, left onto South Rus-sell to property on right. Signs posted.
Theres no Bank for
time...or is there?by Patti Baldini
It seems our most valuable resource both as in-
dividuals and as business entrepreneurs is time.
Here are some rather well known phrases and
quotes you may recognize.
Could I have a moment of your time?There are only 24 hours in a day.
If I just had more time...
Never put off till tomorrow what you can do
today.
Time is money.
Time heals all wounds.
You can ask me for anything you like, except
time.
Time flies.
Time will tell.
Who waits for time, loses time.
Time is of the essence.
Certainly if some-one could figure
out how to bank
time, that some-
one would be a
very wealthy indi-
vidual. The truth
is, we all have
control over our
own time. We may
each be obligated
to spend a certain
amount of time
each day doing any number of activities or ob-
ligations. However, we each also choose howwell our time performs. You can either waste
your time or be productive with your time.
What does this have to do with the Auction In-
dustry? In our profession, as the saying goes,
Time is of the Essence. Many times, an auc-
tioneer is brought in to an equation very late in
a problematic situation. It is our job to find a
solution to a problem that is going to work. Be
realistic regarding your business situation. Call
your Auction Professional before your options
become limited. While we perform quite well
in a crunch situation, also as the saying goes,
Who waits for time, loses time.
from pag. 1
. . . WeatherHeck, college base-
ball season has al-
ready begun,
So, the signs are
definitely there.
Our world will re-
turn to normal and
when we all look
back at the recentcold wet weather, it
will just be a fading
after thought as we anticipate the great auction
season ahead of us.
See you at the Auction!
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