An auction of three different properties were auctioned off in November 2010 that  brought in close to $360,000 for companies controlled by Dean Kruse. Kruse is having to raise money to pay off creditors who have been constantly on his case during the fall out of his collector-car auction company.

His son said that this is a rare opportunity people usually wouldn’t have if it weren’t for the state of the economy. Two properties still remained unsold but Kruse said he thinks it went very well considering the recession.

Now that Mr. Kruse has gained some money back we just need to make sure he is putting it in the right place and pays off those who deserve it.

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Kruse seems to have paid the price, at least part of it anyways, when he was forced to sell Kruse Auction Park that is located south of Auburn. This happened in July 2010 when the Indiana Auctioneer Commission suspended his license for a minimum of two years  due to slow payment and straight up nonpayment to people who had sold cars at his auctions.

As part of these conditions Mr. Kruse cannot own or operate an auction for at least five years. It goes to show that Dean Kruse has been punished for his poor business practices but the problem still remains that several people have still yet to be paid. Once these people are rightly paid will Mr. Kruse be forgiven.

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Awhile back in the summer a Florida based company wont a lawsuit judgment for a whopping $250,000. The only problem is they didn’t collect from Mr. Kruse. This resulted in them filing another lawsuit attempting to collect the money. Mr. Kruse seems to be having some problems staying out of legal trouble.

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In a recent car auction, Kruse is recorded as having “recycled” his cars throughout the sale: if one of his cars didn’t sell, he reportedly transported it to the next sale, after giving it a different lot number.  This made for a very confusing experience for all involved.  Some cars are so distinctive that, even though they may be outfitted with new numbers, they are still recognizable as the exact same car.  One 1932 Auburn was one such car.  There’s no solid proof that it’s the same car as the one seen in the Kruse museum in Auburn, but the evidence is certainly compelling.

On another note, Kruse purchased a boatload of Shelby Mustang 350 GT-H’s, and are still trying to sell them in every auction they run.  They sold really well at first, but with the economic downturn and the soon saturated market, sales went so low that in their final Hershey sale, only one of 10 found a buyer.  It is not known where they are currently stored, but it is quickly becoming apparent that people are becoming less inclined to buy anything from Kruse.

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As recent as 2008 Dean Kruse purchased a bulk of Shelby Cobra’s from somewhere in the Southwest region. He bought roughly 50 cars and started trying to sell them at every chance he got. He sold a couple at first but eventually fewer would sell leaving him with more than a couple of cars still on his hands. Basically the question is where did those unsold cars go? It is still unsure as to what exactly Kruse did with those cars leaving more reason to not deal with Mr. Kruse. It is possible that Mr. Kruse still has the cars but he has yet to release a statement as to their location.

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