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US Fidelis Auction Begins With A Bang

Justin Wingerter
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The first day of auctions on the US Fidelis Inc. estate kicked off Saturday March 26th in Wentzville

The first day of auctions on the US Fidelis Inc. estate kicked off Saturday March 26th in Wentzville

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ST. LOUIS (KMOX) – “Welcome to the garage sale for multi-millionaires,” a man at the door to The Crossings auction site in Wentzville said. “I hope you brought your wallet.”

Day One of the US Fidelis, Inc. auction featured 12 cars and trucks, two motorcycles, half a dozen ATVs, 8 go-carts and countless other items once belonging to Corey and Darain Atkinson, former owners of bankrupt auto warranty sales firm US Fidelis.

“Just more stuff than you can shake a stick at,” as Creditors’ Committee Attorney David Warfield put it.

One of those on the auction block was a 1969 Dodge Super Bee Retro Rod with only 386 miles to its name.

“It’s kind of a hot-rod type car,” Warfield said. “We have evidence that Corey Atkinson spent $80,000 restoring that car.”

Although the Retro Rod sold for far less than it’s likely worth, other cars went much higher, spurred on by hundreds of bidders who packed the auction house.

One car dealer estimated the worth of the Atkinsons’ 2007 Mercedes Benz S-550 at $43,000 just hours before it sold for $54,000 to Al Gettemeier.

“It was not a great deal, it’s pretty close to retail,” Gettemeier said. “I was hoping to get it cheaper, my top line was 51 [thousand] when I came here. That’s how auctions go.”

Much of the Atkinson estate is yet to reach the auction block, including jewelry worth hundreds of thousands of dollars, 34 flat screen televisions and a home in the Cayman Islands.

Next week’s auction will feature jewelry, kitchen and gym equipment, furniture, televisions, a full basketball court and two undeveloped tracts of land in Wentzville.

Copyright KMOX News

 

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