Reidsville, NC - Nearly 1,000 itemsfrom the Chinqua Penn Plantation will be sold during an auction on Wednesdayand Thursday next week at the Greensboro Coliseum.
Beds, curtains, plates, Ferrari’s, anda Chinese Pagoda are among the items that will be sold.
The plantation was placed in bankruptcycourt after the owner, tobacco executive Calvin Phelps, went into bankruptcy.
The auction has attracted interest frombuyers all over the world, according to Tom McInnis of Iron Horse AuctionCompany, who will run the auction next week.
McInnis told News 2, "You have itemsthat are upwards of 1,000 years old, they are one of a kind, they arepriceless, museum quality."
McInnis went on to say, "Varyingcelebrities have had their estates liquidated in the last couple ofyears, they had projections of something bringing in $100,000 and itbrought a million because priceless is very hard to put a price on, so that iswhat we are dealing with here."
The auction will take place at theGreensboro Coliseum Complex on April 25th and 26th.
WFMY April 18, 2012 Patrick Phillipi
REIDSVILLE,NC (CNN/WGHP) -- From furniture to Ferrari’s, everything at the Chinqua-PennPlantation in North Carolina is going up on the auction block. More than threehundred interested bidders toured the historical home on Sunday, the first dayof the 3-day public preview event.
Everypiece of décor inside the Chinqua-Penn plantation is going up on the auctionblock; more than 1,000 items. The two story plantation is filled with rarepieces from all over the world.
AMocksville millionaire Calvin Phelps bought the property for the state in 2006.Several of his tobacco companies got into financial trouble. This auction isexpected to bring in about $2 million to help offset bankruptcy claims.
Beforethat Jeff and Betsy Penn lived there years ago. They were the ones who designedthe home and picked out everything inside. Leland Little with Auction andEstate Sales says, "This is an extremely unique, historic, landmarkauction. The Penn’s married and built this home. It’s the purpose-built home inthe mid 1920’s. They were people of means, they traveled the world, learnedculture, activities and they bought things as they were traveling that theythought would work perfectly in their home."
Theauction takes place on Wednesday and Thursday at the Greensboro Coliseum. Thepreview lasts until Tuesday.