News: King’s Pride Refit

Up for Auction? What does that look like?

King’s Pride is state property and therefore to sell we need to have a fair process. Why? Example, to prevent a program from quietly selling to a friend for half what’s invested, not good. Therefore, we advertise in multiple places and for at least two weeks allowing time for potential buyers to view and have a chance to place an offer. We have sold many boats this way and it works fine. We keep the emails for official records. I’ll also keep the current bid posted for those who are interested or are bidding on the vessel.

The auction will end Tuesday May 31^st.

It’s a proxy style bid that goes on $1000.00 dollar increments.  

Example: Current bid is at $67,000 (and that’s as much as bidder “A” offered). You, bidder “B” , emails with a bid up to $75000  the price goes to $68,000: if no other bids, then the sale price would be $68K. If someone emails a max bid of $72,000.00, the price goes up to $73000: that is what bidder “B” would have for a purchase price.

Make sense? Email mike.beemer@skagit.edu with you highest offer 🙂