Last Chance To Buy Historic Assets Of New York City Opera At Online Auction Set For December 19th

--Tiger Group conducting online auction of costumes, props, shop equipment and more

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Dec 09, 2013, 09:36 ET

/PRNewswire/ -- By order of the U.S. Bankruptcy Court, choice slices of opera history will be available for purchase in an online auction as Tiger Group's Remarketing Services division assists in selling the remaining assets formerly owned by the New York City Opera (NYC Opera). One-of-a-kind costumes as well as props, musical instruments, shop and support equipment, office furniture and other items will go up for sale at www.SoldTiger.com on December 19, beginning at 10:30 a.m. EST. Online bidding will open approximately one week before the sale date.

NEW YORK, Dec. 9, 2013 The "people's opera" voluntarily filed for Chapter 11 Bankruptcy Protection in October 2013 in the U.S Bankruptcy Court, Southern District of New York (case number 13-bk-13240), citing liquidity problems, pension obligations and other issues. This final sale follows a successful January 2013 online auction by Tiger featuring sets, costumes and props from more than 80 productions that were housed in the opera company's North Bergen, N.J. warehouse.

The balance of NYC Opera's inventory of gowns, prop weaponry, audio/video equipment and other mainstays of its world-famous productions will be up for sale at this historic auction. In-person previews—available by appointment only—will be on Wednesday, December 18 from 10:00 a.m. to 4:00 p.m. at two locations just north and west of Manhattan: 1000 Saw Mill River Road in Yonkers, N.Y. and 245 Secaucus Road in Secaucus, N.J.

"This is a last chance to own a piece of opera history," said Jeff Tanenbaum, president of Tiger Remarketing Services. "This online auction will offer a unique opportunity to a wide range of interested organizations and individuals—including opera houses, production companies, drama departments at educational institutions, opera aficionados and others—to choose from a varied selection of props, costumes and other items at a significant discount."

Specific items for sale include dresses, gowns, capes, and uniforms; deactivated firearms, furniture, dishware and chandeliers; a Lyon & Healy model 23 harp and other musical instruments; as well as video equipment, projectors, and lighting. Also available are such shop equipment as table and band saws, drill presses and belt sanders; and office furniture like desks, chairs, file cabinets, a conference room table and chairs, in addition to computers and networking equipment.

For the complete technical specifications and/or digital images of specific inventory items, visit: www.SoldTiger.com

About Tiger Group
Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger's seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and, when needed, provide capital or convert assets to capital quickly and decisively. Tiger's collaborative, straight-forward approach is the foundation for its many long-term 'partner' relationships and decades of success. Tiger operates main offices in Boston, Los Angeles and New York. To learn more about Tiger, please visit www.TigerGroup.com.

SOURCE Tiger Group