Browsing the archives for the General category

Car auctions expecting good year, Not Kruse

in General

Because of the economy the market for high-end cars fell dramatically in recent years. However in many auction houses 2010 proved to be a very good year and many are expecting 2011 to be just as good if not better. There’s even some auctions considering this year to be a comeback year. Things are looking [...]

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Another suit filed with Kruse in the middle of it

in General

Kruse is yet again at the center of what appears to be another lawsuit over ownership of a motorcycle store, Competition Accessories. The store was purchased by Ride Motorcycles in ’03 but in the suit the managers claim that they had an agreement with Kruse, Owner of Ride Motorcycles, back in ’03. Basically both sides [...]

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Dean Kruse issued checks that never cleared

in General

One of the examples that stands out for people is the Topsfield Auction in Massachusetts sponsored by the North Shore Car Club where consigners claimed that Kruse’s checks never cleared. This is how people were never paid, through empty checks written by Dean Kruse. At this auction alone a total of 11 cars were sold [...]

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Dean Kruse had to sell Kruse International name to help make amends

in General

Last summer Dean Kruse was in a sticky situation when the steady decline of Kruse Auctions finally came to an end when he was basically forced to sell the Kruse International name so he could pay off some of the sellers who sold cars at his auctions. “We have several people trying to buy the [...]

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Kruse’s jet gets repossessed

in General

After the fallout with Kruse’s auctions and company Kruse was just starting to get in over his head. An Indiana bank had a court order him pay nearly $1.3 million and on top of that a leasing company had to ask a federal judge to repossess a 1985 Cessna Jet which is estimated to be [...]

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