Property Auction

[Dumpy]

Good to know we don't need to press the panic button....

But that's a lot of guns. More guns for sale than my dad has. And my dad has a lot of guns.

[gojm4evr]

and those aren't even his favorites, or second favorites. LOL

[HENRY]

CATAWBA – Former NASCAR driver Jeremy Mayfield is selling items worth about $5 million on the auction block next month as part of a favorite hobby of the N.C. resident.

During the past year, the former driver has faced a swarm of controversy, including alleged drug abuse and a suspension from NASCAR. But the auction isn’t because Mayfield is on hard times – he says his auction is an annual tradition on the farm.

“I think this is going to be huge because we've got so much different stuff,” said Mayfield. “Got some land involved in it, heavy equipment, tools… it should be fun.

“It's all I do all the time is try to find the nearest auction around, just trying to get a deal and just trying to outbid somebody. It's kind of competitive and sometimes I've ended up with stuff I didn't want just cause I got excited and started to bid against somebody.”

The auction includes 475 acres of land, a home under renovation, jewelry, guns and cars from Mayfield’s personal collection.

“He has a good fan base and I believe the fans will come out and support him during auction,” said Will Lilly of Iron Horse Auction Co.

While there are a lot of Mayfield’s personal items up for bid, there are also things he bought just to re-sell.

“I like to describe him as a horse trader,” said Lilly. “If he sees something that he can make some money on, he will buy it and trade on it and sell it for a profit and that is pretty much why we are here.”

Mayfield has held about four auctions before, but this is by far the biggest.

“We kind of want to make this a quarterly or yearly or something deal that we can come out here and buy equipment, and we've even got a lot of people that's bringing consignment so it should be a great deal,” said Mayfield.

The Mayfield auction could bring in as much as $5 million. Through the struggling economy, the auction industry has seen some growth. In 2008 it was $475 billion industry.

http://news14.com/charlotte-news-104...ion-in-catawba

[jm4jm]

Here is the deal everyone (in my mind). Of course I'm a Jeremy fan. Spent my money on his hats, shirts, etc. Took "sick days" to watch him race. However, I'm in the military and have been for 19 years now. I don't know what 1 Million looks like, let alone 5 Million (in auctions).

Of course I hate the B.S. thats going on and I truly feel he is being railroaded. (If you all remember I actually emailed "dr." Black when this started. He returned my email and saw that I emailed him from a '.army.mil' account and after his speech told me he was prior Marine....ahem....whatever). But the point is I've never lived Jeremy's lifestyle nor will I ever. I spend $5K on a local race car and I'm figuring out how to make top raman noodles last. Hence, I don't shed tears like most of you when you think he has to "give up" his multi-million dollar home and everything he and Shana owns. I'm pretty sure he's fine. But if not, I'm pretty sure he and Shana are smart, they will learn that Hormell Chili is only $1.49 and can feed you and is mighty tasty. Reality check folks!!!!

[Santini]

I agree jm4jm but I think it's pretty important to stress that Jeremy is not the type to feel sorry for himself or expect anyone else to feel sorry for him either. I think he would be the first to agree with your post.

[SupraMan1990]

This is an annual thing, I remember the last one now. Last time if I remember correctly it was mostly Snapon tools. I'm kind of surprised he is including his property this time though. He's done a lot to improve that property, and something tells me he will not let it go cheap.

[MrClean]

I can see selling things off you don't need/want but selling a home and several acres of land is a little drastic.

[gojm4evr]

The land isn't some piece of property that's been in the family for generations. It's a piece of property they bought, a relatively short time ago, with specific plans in mind. Their plans have changed. If it sells for the reserve price, they'll find a different property to fit their new plans. If the price isn't met, oh well. Jeremy will ALWAYS be Jeremy. He doesn't feel sorry for himself, as Santini said, and would be ticked if he thought any of us was feeling sorry for him.

[HENRY]

Interesting article:

By Richard Gould | Hickory Daily Record

Published: November 21, 2009

CATAWBA - Suspended NASCAR driver Jeremy Mayfield smiled and chatted with friends as a crowd of hundreds placed their bids on his property and possessions.

They gathered in a barn on his Catawba estate, where two simultaneous auctions were held. On one side of the barn, people bid on 475 acres of rolling pasturelands, his grand yet unfinished three-level home, his collection of vehicles and 40 rifles and shotguns.

On the other side, people bid on items like eight new Craftsman power sprayers still in their boxes, six new submersible pumps and 69 pairs of sunglasses, among other things.

Going to auctions and buying things is a passion for Mayfield. When he amasses a quantity of items or buys and restores cars, he sells them at a profit, he said.

"NASCAR took away the only way I knew to make a living," he said. "This is the way I make a living now."

NASCAR suspended Mayfield after he tested positive for methamphetamine. Mayfield denies ever using the illegal drug and has repeatedly blamed the positive drug test results on his use of Adderall — a prescription medication used to treat Attention Deficit Hyperactivity Disorder.

Mayfield's wife, Shana, said the couple is selling their belongings in an attempt to downsize.

"We've accumulated tons of stuff over the years and we decided this is a good time to get rid of it," she said. "It's exciting — it's a new chapter in our lives."

Mayfield said after he sells his belongings, he will continue to live in the area and he will still buy and sell goods at auction.

"I'll buy all the land I can and then sell it off," he said. "I'll keep doing what I'm doing now. This is the only way to make a living that I know."

Mayfield greeted his fans and signed autographs for them as they milled around on his property.

He said he appreciates their support and predicted that he will be exonerated when his lawsuit against NASCAR goes to court.

"I'll be back in racing soon. It'll be something like NHRA," he said. "It'll give my fans someone to pull for."

Mayfield said he hopes to take in $8 million from the auction. His wife said the total won't be known until next week.

[Brent]

Interesting indeed!