PROVIDENCE, R.I. (WPRI) – The building at One Empire Plaza, which has been quiet since 38 Studios closed its doors closed in May, was once again bustling Tuesday morning with people looking to bid on the bankrupt company's assets.
The second of two auctions of 38 Studios' physical assets began at 10:30 a.m. at the company's former headquarters in downtown Providence. This space where nearly 300 employees used to work is now filled with more than 2,000 lots of products to be auctioned off during the day-long event .
- Photos: Items Up for Auction
- Watch: Bid Online
- Related: Auction Details
- Related: Listing of Items For Sale
Lots consist of hundreds of computer work stations, laser printers, tablets, audio and video production equipment, computer towers, a telephone system and thousands of office supplies.
In addition to high-end computer equipment, the auction includes employees personal belongings, custom built gaming tables, ping pong tables, gym equipment, microwaves, refrigerators, and video games models and figurines.
Tuesday's bidding is expected to raise more than last week's auction at Big Huge Games , a gaming studio in Maryland. That auction grossed about $180,000, according to 38 Studios receiver Richard Land.
38 Studios filed for bankruptcy in June, potentially leaving the state on the hook for close to $100 million related to the deal, when interest is factored in. Rhode Island is by far 38 Studios' biggest creditor.
The failed video game company's intellectual property will not be included in Tuesday's auction, but instead sold off at a separate auction in a few months.
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