Throngs of people are currently gathered at what once was President Donald Trump’s Taj Mahal Casino Resort, as various items from the casino are being auctioned off to eager would-be buyers.
The Atlantic City casino was opened way back in 1990, and with Trump serving as the property’s owner, he had, at that point, owned the world’s largest casino, which he dubbed as the “eighth wonder of the world.” However, the Taj Mahal would file for bankruptcy the very next year, and would eventually be purchased by billionaire investor Carl Icahn, according to the Hill. Icahn closed the casino in October 2016 after what was termed as a “bitter labor dispute,” and would sell the property to Hard Rock in March of this year, for a pittance compared to its original value — just about $50 million.
According to the Press of Atlantic City, the Trump Taj Mahal auction includes a variety of classic items that had once adorned the casino, including television sets, chandeliers, poker tables, furniture, light fixtures, white elephants, and various artwork. The TV sets were, in fact, among the popular items in the first few hours of today’s auction, which kicked off at 10 a.m. ET, and will run until everything is sold.
A man named Gerald Winchester was the first person in line for the Trump Taj Mahal auction, and he told the Press of Atlantic City that he was motivated to show up for the liquidation sale because of the potentially cheap prices on televisions – prices may vary depending on size, but TVs are said to be worth about $50 on average at the auction.
“Why would I go to Walmart and spend $400 on a TV when I can get one here for cheap?”
Although the auction is scheduled to last for a good 60 days, National Content Liquidators President Donald Hayes believes that it’s “guaranteed” that everything will be gone by that time. “Everything,” however, does not include items with President Trump’s name on it — when the resort closed in October, all items that bore Trump’s name on them were removed. Slot machines and card tables on the Taj Mahal’s casino floor are also not included in the auction, though it’s not sure whether they will be repurposed when the property reopens in next year’s Memorial Day weekend as the Hard Rock Hotel and Casino.
Although TVs are currently hot items at the Trump Taj Mahal auction, the property’s iconic crystal chandeliers may draw the most attention from would-be buyers with deeper pockets. The Press of Atlantic City notes that they are priced between $7,500 and $35,000, and interested buyers would be required to hire a moving company with insurance to take them from the resort.
— The Hill (@thehill) July 5, 2017
Those interested in buying a 10-player poker table will have to shell out $650, or $100 more than the price of the nine-player tables, which sell for $550. Cheaper items also include chairs with the Taj Mahal logo, which are priced at $39 each, as well as complete bedsets and linens from the resort.
If you are or will be in the Atlantic City area in the coming days, do you have plans to check out the Trump Taj Mahal auction?
[Featured Image by Craig Allen/Getty Images]