By Ivan Raconteur
NEW GERMANY, MN More than 1,200 people registered to bid and many more showed up to watch the show when the Fred W. Radde & Sons auction center in New Germany auctioned off some of auto mogul Denny Hecker’s personal property Wednesday evening.
The auction began at 5 p.m., but people had already begun flooding the site by 3:30 p.m.
The items up for auction were from Hecker’s personal collection of toys, including pontoon boats, snowmobiles, personal watercraft, and an abundance of golf equipment.
This auction included “summer” items, and auctions of other items of Hecker’s property may follow.
Despite the large turnout and the intense media attention that surrounded the Hecker auction, auctioneer Fred W. Radde said he treats all auctions the same, and this one was no exception.
Radde described the Hecker auction as “routine,” and said in terms of both the number of items and the value of the items, he has conducted auctions that far exceeded what was included in the Hecker auction.
Hecker, 57, is being investigated for credit and bankruptcy fraud and money laundering, although he has not been charged with any crime, and denies any wrongdoing.
The proceeds will go to Hecker’s creditors, who are owed a reported $767 million.