BIG APPLE CIRCUS TO SELL ASSETS
Stampler Auctions to Oversee Sale
New York, NY – The Big Apple Circus, a New York and national cultural treasure for four decades, is soliciting bids for the sale of all or substantially all of its assets pursuant to bidding procedures approved by the U.S. Bankruptcy Court for the Southern District of New York. The assets include all of the Circus’ performance equipment and intellectual property, among other items. All interested buyers must submit bids by February 3, 2017 at 5:00 p.m. (Eastern Time). An auction to consider bulk bids to acquire substantially all of the Circus’ assets will be held on February 7, 2017 and managed by Stampler Auctions.
The February 7 auction will be held at the New York offices of Debevoise & Plimpton LLP, who are serving pro bono as the Big Apple Circus’ legal counsel in the bankruptcy case. Details regarding the sale process, including bidding procedures and asset lists, can be found online at www.stamplerauctions.com. Any assets not purchased as a bulk lot through the February 7 auction will be sold through a subsequent public auction, if necessary.
“This court-ordered auction represents a great opportunity for a buyer to keep the mission and vision of the Big Apple Circus intact,” said Harry Stampler, President and Chief Auctioneer of Stampler Auctions. “This is a well-known and valuable brand.”
Will Maitland Weiss, Executive Director of the Big Apple Circus, said, “We are grateful to our board members, staff, artists, donors, audience members, and community partners who have stood by us and continued to offer their support to save the Circus. We hope to see a revived Big Apple Circus back under the Big Top to delight audiences of all ages, abilities, and income levels in the years to come.”
About Big Apple Circus
Conceived and founded by Paul Binder and Michael Christensen in 1977 as a nonprofit, leading presenter of live family entertainment, the Big Apple Circus is renowned for its performances and community programs. The circus engaged the communities it served through the joy and wonder of classic circus arts, creating direct, shared connections in hospitals, nursing homes, and schools in its NYC home and in cities across America.
About Stampler Auctions
Stampler Auctions is a full service auction firm and has conducted business in over 30 states. Founded in New York in 1960 by Leonard Stampler, the company has been headquartered in South Florida since 1985 under the direction of Harry Stampler. Stampler focuses on commercial business liquidations of all types. Real estate and vehicle auctions are also handled by the firm.