Auction of Peregrine's Chicago offices draws 260 bidders - KWWL - Eastern Iowa Breaking News, Weather, Closings

Auction of Peregrine's Chicago offices draws 260 bidders

Russ Wasendorf Russ Wasendorf

Assets from Peregrine Financial Group were again on the auction block this week, this time from the company's offices in Chicago.

An online auction took place Wednesday. Items included high-priced electronics, executive offices and office furniture.

Charles Winternitz at Loeb Winternitz says the online auction drew 260 registered bidders.

As of Thursday morning, attorneys representing the trustees did not want to release how much money the auction brought in, because invoices were still being finalized.

But Winternitz says pre-sale estimates were exceeded.

Bidders also were happy with the auction.

One bidder told Winternitz, "I was defrauded by Russ Wasendorf, so it will be poetic to sit in his chair," according to Winternitz.

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