Please log in, or sign up for a new account and purchase a subscription to continue reading. RM SOLIDIFIES POSITION AS GLOBAL INDUSTRY LEADER IN DEDICATED SINGLE OWNER COLLECTION AND BANKRUPTCY COURT AUTHORIZED SALES. According to a release from RM Sotheby’s, the “Elkhart Collection” features more than 230 cars, 30 motorcycles, truck, trailers and other memorabilia. The week's top local business, economy, retail and restaurant news, sent Fridays at 8 a.m. Our upcoming July auction will debut a high grade, all-CGC certified original owner Silver Age Collection out of Elkhart, Indiana (the Elkhart Collection). The culmination of decades of careful and targeted collecting of some of the finest cars by a single owner, the Elkhart Collection comprises some of the most exceptional marques and models in automotive history — from sporting British and Italian cars to microcars, classics, supercars, modern sports cars, 1950s convertibles and coach-built icons. ELKHART — The League of Women’s Voters Elkhart County and the NAACP-Elkhart Chapter will host a forum Thursday on the upcoming school referendum, the latest in a series of public discussions about the May 4 ballot measure. It not only was carefully selected but meticulously maintained in an outstanding facility. In 2019 the collection moved into a building twice this size. Coronavirus delays auction of 'Elkhart Collection' owned by businessman accused of fraud. Also, a 1968 Iso Grifo GL Series I upgraded to 7-liter spec and a 1953 Mercedes-Benz 300 S. However, it added, the docket will include vehicles valued from $10,000. Email notifications are only sent once a day, and only if there are new matching items. The sale of Khan’s vast collection of vehicles, which include the 240 cars along with motorcycles, trucks, trailers and other memorabilia, is likely to generate millions of dollars. But that still leaves property and cash with an estimated value of more than $90 million yet to be added to the pot of money to be divided up among those with claims against Khan. Thanks in advance. Khan’s homes in Edwardsburg, Scottsdale, Ariz., and Jensen Beach, Fla., also have been sold for a total of almost $3.8 million, records show. The docket also will include 30 motorcycles, a wooden boat, collectibles and more, the auction house said in its announcement. One owner from new, 717 miles and essentially perfect. “Additional cars on offer range from a London-to-Brighton veteran and still-eligible 1903 Clement 12/16 HP Rear-Entrance Tonneau, to the Classic Era beauty of a genuine factory-supercharged 1937 Cord 812 Supercharged ‘Sportsman’ Cabriolet, and the unmistakable tailfins of a Hampton Green 1959 Cadillac Eldorado Biarritz,” the auction house said. You have entered an incorrect email address! A must attend event ! Jones’ clients and others are seeking repayment in part through Khan’s personal assets being liquidated in his bankruptcy case. Named “The Elkhart Collection” by RM Sotheby’s who are the auction house behind the sale, the event was originally announced in January 2020 and scheduled to take place 1-2 May in Elkhart, Indiana. Editor’s note: On January 18, the South Bend (Indiana) Tribute reported that the “Elkhart Collection” comprises cars owned by Najeeb Khan, former owner of Interlogic Outsourcing Inc., who was accused of fraud and is involved in multiple lawsuits as a result. The latest retail and restaurant news from Market Basket's Mary Shown. April 23, 2020 More Than 240 Cars From the Elkhart Collection Will Go Up for Auction This Fall The expansive sale, which also includes 30 motorcycles, is now set to take place in October. Robb Wardrop, an attorney representing Khan in the bankruptcy, did not respond to a phone message left through an associate at his office Thursday, or to an email seeking comment Friday morning. The Elkhart Collection, featuring 230+ cars from bankrupt CEO Najeeb Khan, will be auctioned by RM Sotheby's. With almost 30 years in the restaurant industry and a lifetime love of food, Vasquez is sharing his extensive collection of recipes with the community he loves. – Bonhams sold one of the original Lightweights, the ex-Bob Jane 1963 Australian Championship winner, at Scottsdale in 2017 for $7,370,000. “The culmination of decades of careful and targeted collecting of some of the finest motorcars by a single owner, the Elkhart Collection comprises some of … One owner from new, 717 miles and essentially perfect. The variety of cars is second to none. More than $7 million of businessman Najeeb Khan’s assets have been liquidated so far to pay back creditors he allegedly defrauded through his Elkhart-based payroll processing company, according to court records. We suspect it might look a little like the Elkhart Collection. In addition to being founding editor at ClassicCars.com, Larry has written for The New York Times and The Detroit News and was an adjunct honors professor at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University. Some vehicles owned by Khan have already been sold off, according to court documents. Khan later resigned from the company and sold it to Pennylvania-based payroll firm PrimePay. Other liquidated assets include more than $3 million in cash and investments. RM Sotheby’s presented the exceptional Elkhart Collection in a live auction held in Elkhart, Indiana, grossing a total of $44,385,420 in sales. Click here to signup for our daily newsletter. They include a 1967 Pontiac Firebird sold for $22,500 and a 27-foot Boston Whaler boat that sold for $145,000. Nick G. Just follow here: https://rmsothebys.com/en/home/lots/el20. ELKHART — More than 230 cars collected by the founder of an Elkhart-based payroll processing company will be sold in May by international auction house RM Sotheby’s. Najeeb Khan, the former owner and head of Interlogic Outsourcing Inc., was accused by KeyBank last year of a multimilion-dollar fraud. RM Sotheby’s presented the exceptional Elkhart Collection in a live auction held in Elkhart, Indiana, grossing a total of $44,385,420 in sales. Eventually it became part of the Federated Media family of companies, with John F. Dille III serving as the president of Federated Media. There was a problem saving your notification. Japanese icons will cross the block at this year's RM Sotheby's Elkhart Collection sale, a lot that includes a '66 Honda S600 Convertible, '67 Toyota 2000GT, '72 Datsun 240Z, and other classics. You have permission to edit this article. An email has been sent with a link to confirm list signup. Collection Agencies Skip Tracing Financial Services. Our upcoming July auction will debut a high grade, all-CGC certified original owner Silver Age Collection out of Elkhart, Indiana (the Elkhart Collection). Although it has yet to reveal the complete docket, RM Sotheby’s said the vehicles will include a 1953 Fiat 8V Supersonic by Ghia formerly owned by General Motors designer Henry Lauve, a 1969 Lamborghini Miura upgraded to SV specification, a 1964 Aston Martin DB5 upgraded to Vantage spec, and a 1963 Jaguar E-type lightweight continuation car. The more-than $44 million result places the sale as the fifth-highest single-owner collector car auction in history, led by the 1980s disposal of more than 1,400 vehicles from the William Harrah collection in Reno, Nevada, which exceeded $100 million. Elkhart Truth photo / Jon Gard Friends Colin Grant, Wes Blank, Micah Cook and Paul Chandler take turns behind the wheel of a yellow Lamborghini, part of an auction at Elkhart Municipal Airport. The culmination of decades of careful and targeted collecting of some of the finest cars by a single owner, the Elkhart Collection comprises some of the most exceptional marques and models in automotive history — from sporting British and Italian cars to microcars, classics, supercars, modern sports cars, 1950s convertibles and coach-built icons. Posts about The Elkhart Collection written by RichardReina. Dozens of his company’s former clients are also making claims against him, after money IOI withdrew for withholding taxes on their behalf was never paid to the IRS. Khan was the millionaire owner and CEO of Interlogic Outsourcing Inc., and a discerning car collector in his free time. This particular event is dubbed the Elkhart Collection; it includes 567 individual lots and over 240 cars once owned by an Indiana businessman.The circumstances that led to the creation of this collection are a bit dubious, with the owner ultimately declaring bankruptcy. ELKHART — More than 230 cars collected by the founder of an Elkhart-based payroll processing company will be sold in May by international auction house RM Sotheby’s. “These cars are all great examples of their kind, meticulously chosen for the collection, and we’re excited to bring them to market almost entirely without reserve for an auction the entire hobby can enjoy.”. The Elkhart Collection offered by RM Sotheby's auctions has a bit of a dirty background. “The quality of the cars and the way that the Elkhart Collection has been maintained and looked after is incredible,” Gord Duff, global head of auctions for RM Sotheby’s, said in a press release in January. This Leno-esque amalgamation of various motoring eras and genres is up for auction later this year, with hundreds of lots for sale. But in 2019 he was accused of fraud and eventually declared bankruptcy, as the South Bend Tribune reported. RM Sotheby’s will offer single-owner collection of 230 cars, Larry takes a nostalgic stroll through the AutoHunter docket, Mecum boasts strong sales results for Houston collector car auction, Ford dealers reportedly opt to build 100 stand-alone Bronco stores. The Elkhart collection also had an earlier 1970 N600 that did even better, selling for $34,720 despite having the same $20,000 high estimate. According to court documents, the cars include a 1952 Ferrari race car worth an estimated $2.3 million, a 1969 Lamborghini Miura valued at roughly $1.1 million and a 1964 Aston Martin DB5 — similar to the famous one from the James Bond movies — worth about $750,000. Save my name, email, and website in this browser for the next time I comment. “The culmination of decades of careful and targeted collecting of some of the finest motorcars by a single owner, the Elkhart Collection comprises some of the most exceptional marques and models in automotive history,” the auction house said. In court filings, he has estimated the collection’s value to be at least $36 million. Most are cars, but there are plenty of motorcycles and other modes of transport included. Including a Gullwing Mercedes, Aston DB5 and Wayne Gretzky’s Ford GT. The massive assembly of vehicles was previously owned by Najeeb Khan, the former founder, owner, and CEO of Interlogic Outsourcing Inc., a payroll processing company based in … He should know. Public Property Records provide information on homes, land, or commercial properties, including titles, mortgages, property deeds, and a range of other documents. As a result, his flabbergasting collection of vehicles will be auctioned off — and we don’t use that word lightly. Used as the Jaguar display and demonstration car, then returned to Jaguar before delivery to the Elkhart Collection. “The focus is at once broad yet highly selective, from sporting British and Italian cars to microcars, classics, supercars, modern sports cars, 1950s convertibles and coach-built icons.”. The new owner may have paid beyond top dollar for this Z, but at least they can claim to have the nicest one around with some degree of confidence. The culmination of decades of careful and targeted collecting of some of the finest motorcars by a single owner, the Elkhart Collection comprises some of the most exceptional marques and models in automotive history. His car collection is … “RM Sotheby’s has already received significant collector interest in the Elkhart Collection and the team looks forward to seeing clients at the auction on the new dates,” the release said. His car collection is being sold to pay his creditors. This Leno-esque amalgamation of various motoring eras and genres is up for auction later this year, with hundreds of lots for sale. Editor’s note: On January 18, the South Bend (Indiana) Tribute reported that the “Elkhart Collection” comprises cars owned by Najeeb Khan, former owner of Interlogic Outsourcing Inc., who was accused of fraud and is involved in multiple lawsuits as a result. Najeeb Khan, the former owner and head of Interlogic Outsourcing Inc., was accused by KeyBank last year of a multimilion-dollar fraud. The Dille family became the sole owner of The Elkhart Truth. Breaking News!! Elkhart, Indiana "This is the largest superhero memorabilia collection in the world," said Allen Stewart, founder of the Hall of Heroes. In light of global events, it was postponed amid the COVID-19 pandemic and rescheduled to 23-24 October 2020. The website of auction house RM Sotheby’s features “The Elkhart Collection,” a group of cars owned by Najeeb Khan that will be sold in May. RM Sotheby’s still plans to hold the auction in person at the site of Khan’s collection in Elkhart. I’ve personally visited this collection. Please log in, or sign up for a new account to continue reading. Thank you for reading! Gallery: The Elkhart Collection Car Auction Has Something for Everyone The 240-plus vehicle collection will be sold to pay off the debts of its owner, who … Auction house RM Sotheby’s was scheduled to sell the “Elkhart Collection” May 1 and 2 in Elkhart, but the auction has been rescheduled to Oct. 23 and 24 “due to current circumstances surrounding the global COVID-19 pandemic,” RM Sotheby’s announced in a news release. Najeeb Khan, owner of the collection, is also the founder and former head of an Elkhart,Indiana-based payroll firm called Interlogic Outsourcing. There was an error processing your request. Most are cars, but there are plenty of motorcycles and other modes of transport included. RM Sotheby’s presented the exceptional Elkhart Collection in a live auction held in Elkhart, Indiana, grossing a total of $44,385,420 in sales. Elkhart County Property Records are real estate documents that contain information related to real property in Elkhart County, Indiana. A former daily newspaper sports editor, Larry Edsall spent a dozen years as an editor at AutoWeek magazine before making the transition to writing for the web and becoming the author of more than 15 automotive books. The day's top 5 news headlines, sent weekday evenings. While not revealing the consignor, or perhaps the estate involved, RM Sotheby’s said the docket will include trucks and trailers and that nearly all of the cars, motorcycles and automobilia will be offered at no reserve. According to federal court documents, Khan has assets worth about $98 million, but owes creditors $126 million. – Bonhams sold one of the original Lightweights, the ex-Bob Jane 1963 Australian Championship winner, at Scottsdale in 2017 for $7,370,000. Most of the collection -- over 10,000 superhero artifacts and 65,000 superhero comic books -- is his. Success! The Elkhart Collection is a high grade (the majority of the books are 8.0 and higher with many in 9.0 and higher) CGC graded collection of mostly Silver Age Marvels (and DC's) out of Elkhart, Indiana. Khan was accused of fraud exceeding $100 million last year, and then resigned from the company and filed for personal bankruptcy. As it readied for its annual Arizona auction of collector cars, RM Sotheby’s announced it will stage a 230-car single-collection auction May 1-2 at Elkhart, Indiana. The news you need to start your day, sent weekday mornings. The culmination of decades of careful and targeted collecting of some of the finest cars by a single owner, the Elkhart Collection comprises some of the most exceptional marques and models in automotive history — from sporting British and Italian cars to microcars, classics, supercars, modern sports cars, 1950s convertibles and coach-built icons. Please update me as soon as a docket and auction bid # is available. The massive assembly of vehicles was previously owned by Najeeb Khan, the former founder, owner… Khan has not been charged with a crime, but in court documents filed in October his lawyers said he had been “fully cooperating” with a criminal investigation by federal authorities into the “mismanagement” at IOI. Coronavirus delays auction of 'Elkhart Collection' owned by businessman accused of fraud By Christian Sheckler South Bend Tribune Apr 25, 2020 … The company’s former clients include Catholic dioceses in New Orleans, Charlotte, N.C., Palm Beach, Fla., and Raleigh, N.C. One South Bend attorney, Andrew Jones, represents 80 former IOI clients with claims he says are worth $2 million. “The building that they’ve been housed in is much more than a storage facility and has been designed specifically for the care of collector cars. The website of auction house RM Sotheby’s features “The Elkhart Collection,” a group of cars owned by Najeeb Khan that will be sold in May. That includes perhaps the most valuable part of his fortune, a collection of 240 rare and exotic cars, which was to be sold off in an auction that was set for next week but now has been pushed back to the fall amid the coronavirus pandemic. RM Sotheby’s has conducted nearly 40 single-owner private car collection sales, but perhaps none has offered the sheer breadth of vehicles as the one the auction house is … “The quality of the cars and the way that the Elkhart Collection has been maintained and looked after is incredible,” Gord Duff, global head of auctions for RM Sotheby’s, was quoted in the news release. Including: Gullwing Mercedes, Aston DB5, more. (40) 61 … ELKHART — More than 230 cars collected by the founder of an Elkhart-based payroll processing company will be sold in May by international auction house RM Sotheby’s. “If there’s something you like, you’ll likely find it in the Elkhart Collection. “More than ever, it’s true to say that there is quite literally something for anyone in the collector car hobby within this group of cars, from microcars, to classics, ‘50s and ‘60s sports cars, the modern era, and beyond,” he added. The culmination of decades of careful and targeted collecting of some of the finest motorcars by a single owner, the Elkhart Collection comprises some of the most exceptional marques and models in automotive history. Nearly 250 vehicles went up for sale, a collection amassed by former payroll company owner Najeeb Khan. Used as the Jaguar display and demonstration car, then returned to Jaguar before delivery to the Elkhart Collection. Khan resigned from his company, Interlogic Outsourcing, or IOI, and filed for bankruptcy after KeyBank accused him of fraud. Error! We suspect it might look a little like the Elkhart Collection. The Elkhart Collection auction was also another case study for the power of ‘no reserve’ collection auctions, with many of the lots seeing incredible results. The culmination of decades of careful and targeted collecting of some of the finest cars by a single owner, the Elkhart Collection comprises some of the most exceptional marques and models in automotive history — from sporting British and Italian cars to microcars, classics, supercars, modern sports cars, 1950s convertibles and coach-built icons. The original backyard museum. RM Sotheby’s has conducted nearly 40 single-owner private car collection sales, but perhaps none has offered the sheer breadth of vehicles as the one the auction house is … Breaking News!! Attorneys Collectors & Investigators. 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