The PC manufacturer in bankruptcy Artesian Builds sells auction nearly a million dollars in shares
In context: Artesian Builds, a PC construction company that recently declared bankruptcy following a controversial draw live in which his CEO has made very questionable decisions, sells whole sections of equipment tomorrow on Zoom.
PC Gamer reports that the parts of the company’s sites in California and North Carolina include many graphics, processors, power blocks, storage peripherals, motherboards and even partially built PCs. The lots are sold as combined with offers per minimum increase of $ 5,000 or more – the Artesian versions would have held $ 917,595 of stock at the time of its closure – therefore the auction is likely to attract D other PC builders rather than everyday consumers.
Artesian Builds Inventory Bankruptcy Auctions
For interested buyers and qualified bidders, please consult the attached notice.
Additional resources and complete auction in the link provided: https://t.co/dperkdoh6r pic.twitter.com/bBIxf7b0lw
— Artesian Builds (@ArtesianBuilds) June 17, 2022
A former employee said that Artesian Builds would close with hundreds of orders in progress for prefabricated game PCs – his assessment assesses the figure at 1.37 million dollars – and some customers are struggling to recover their money. How far the stock sale will go to solve this problem is unclear.
The auction also includes Artesian Builds’ intangible assets: its business and domain names, an influencer list of approximately 1,000 names and emails, and a brand. It also sells a customer list of around 10,000 names and emails of buyers from the past three years, although this is ‘subject to the requirement of appointment and review by a consumer privacy ombudsman’. .
Things quickly went downhill after one of Artesian Builds’ PC build live streams when it announced that a small affiliate streamer called Kiapiaa was the winner of a PC giveaway. However, the CEO Noah Katz decided to retain the price because the total number of Kiapiaa’s social media followers was less than 5,000. He then “purged” the stream of the competition because “this person had three months of ‘ambassador and not a single click.’
Do you hear this man’s voice? He belittles me. It is slander and the defamation of my stream and me as a person. I won this fair and square PC. The rules say you need the Artesian panel in your Twitch about, and I have it. So what’s the problem @ArtesianBuilds? (after) pic.twitter.com/3xSOIpUKRA
– kia (@kiapiaa_) March 1, 2022
Katz eventually apologized after the backlash and offered Kiapiaa the PC, which was declined, but the damage had been done. It wasn’t long before Artesian Builds announced that it was looking into a potential employee-led takeover of the company and freezing all activities.