Kruse International collector-car auctions is officially out of business as the Indiana Auctioneer Commission today permanently revoked its license, according to news reports.
The personal auction license of Dean Kruse, founder and owner of the Indianapolis auction business was suspended for at last two years, the commission decided after a three-hour hearing.
The session focused on complaints by at least 70 consigners that they have not been paid for their vehicles sold in Kruse’s nationwide auctions. Dean Kruse claims that most have been paid, although late. Kruse said he owes only about $320,000 to the consigners.
Read the whole story here - http://automotive.speedtv.com/article/autos-kruse-auction-license-revoked/
