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Weird News Jouy-sur-Morin: ArjoWiggins machines sold for 1.7 million euros

00:10  18 june  2020
00:10  18 june  2020 Source:   leparisien.fr

Basket - Elite: Morin, Michineau, Francisco…, the signatures of the day

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Cgt Arjowiggins Crèvecoeur. Rue de la Papeterie, Jouy - sur - Morin , 77320, France. 1 Rue du Neubourg, Villeneuve-sur-Bellot, 77510, France.

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Nanterre (Hauts-de-Seine), ce mercredi. Les machines de l’usine ArjoWiggins ont été vendues aux enchères via Internet. La vente était assurée par le commissaire-priseur Nicolas Moretton. © LP / Sébastien Rosele Nanterre (Hauts-de-Seine), this Wednesday. The machines from the ArjoWiggins factory were auctioned off via the Internet. The sale was handled by auctioneer Nicolas Moretton.

Disappointed, necessarily disappointed. Patrick Quignot wanted to buy a very old anvil at auction. "I was up to 140 euros higher," he says. The ace ! she was awarded to another for the sum of 270 euros.

This Wednesday, all machines, devices and other raw materials from ArjoWiggins were sold at auction by auctioneer Nicolas Moretton in his study in Nanterre (Hauts-de-Seine). The number of places was limited to ten due to physical distance. It was also possible to follow these auctions remotely, via the Internet. This is what Patrick Quignot did.

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READ OUR INVESTIGATION> The ArjoWiggins stationery victim of the hold-up of a “vulture” investment fund?

The man was an executive for forty years in this stationery located in Jouy-sur-Morin and placed in liquidation in January 2019. She made paper for banknotes, driver's licenses or gray cards. The former employee has since set up an association called Les Compagnons papetiers de Crèvecœur and du Marais.

He wanted this anvil to complement the few objects that the structure possesses and shows from time to time in exhibitions. "The association did not have an expandable budget," he explains. We could not go on forever. We only have forty members and this is our first year. »

More than 200,000 euros for

cables We don't know everything, it's the very principle of auctions, of those who bought the 553 lots that were put up for sale. Seven hundred people followed them. Big machines, small power tools, stepladders, everything was sold.

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With a garden and a terrace, Morin features accommodation with free WiFi. Some units include a seating area and/or a balcony. A continental breakfast is available each morning at the chalet. Skiing can be enjoyed nearby. Super Morzine Ski Lift is 1.4 miles from Morin .

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Even all of the electrical cables that ran through the factory were awarded. The prices soared. At 4:06 p.m., these cables were sold for 210,000 euros! "They are linked to the process but not to the machines," warned the auctioneer.

“Overvalued items”

Bidding is mysterious. Especially when, like Pascal Quignot, we know this centuries-old paper factory very well. Mysterious because prices don't always follow logic.

"I saw overvalued articles, for example laboratory equipment, which was old," he says. Conversely, the gravure machine [ Editor's note: for printing very large prints and on very different supports ] went at a given price: 10,000 euros. A machine like that is 200,000 euros used! »

Turnaround

All 553 lots were sold for a total of 1.613 million euros. But as planned from the start, it was possible to increase the total amount and collect all the prizes.

At 7:06 p.m., the sale had been going on for more than nine hours. An anonymous buyer, on the phone, made an offer for 1.7 million euros. Nobody followed him. He then became the owner of all of the ArjoWiggins fire machines.

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Gare de Jouy - sur - Morin This train station of the "Paris-Est/La Ferté Gaucher" railroad, was abandoned in recent years, when the bus was substituted for the train to the end of line ( Coulommiers city

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The other buyers therefore paid for nothing. A big turnaround. "I'm sorry for those who waited," said Nicolas Moretton, looking sorry, to the other buyers. Thank you for your help. "

Jouy-sur-Morin, le 9 juin 2020. L’association des anciens d’ArjoWiggins n’a pas pu acheter cette enclume. LP/Sébastien Roselé © Supplied by Le Parisien Jouy-sur-Morin, June 9, 2020. The ArjoWiggins alumni association could not buy this anvil. LP / Sébastien Roselé

For a source close to the factory's bankruptcy case, the amount is "correct". Even if ... "In normal times, we could have had twice," assures this interlocutor. With the Covid, the most interesting buyers, especially the Indians, were unable to visit the factory to see the condition of the machines and therefore did not participate in the sale.

ArjoWiggins still has 10 million euros in debt to pay off. This 1.7 million euros will reduce part of the liabilities. "I don't know what to call this end of sale," astonishes Pascal Quignot. An apotheosis? A masquerade? Does someone come like this at the end and buy everything?

The former Arjo does not forget his plan to acquire the famous anvil. "If I can find out the name of the buyer, I will try to negotiate with him because I don't think he bought the factory for that!" »

Auction. Almost 5 million euros for a rare monumental work by Calder .
© Bertrand GUAY / AFP The sculpture by Alexander Calder was sold for € 4.9 million. A sculpture by the American artist Alexander Calder, produced in 1963, was sold for almost 5 million euros during a sale organized by the house of Artcurial in Paris. A monumental work by Calder offered for auction in Paris on Wednesday evening has been sold for more than 4.9 million euros to a European collector, announced the auction house Artcurial.

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