Among the 631 lots were espresso machines, ergonomically correct desks, televisions, bicycle charging stations, pizza ovens, and shaped decorative planters.
Twitter’s new head, Elon Musk, launched a 27-hour online auction for items like furniture, décor, kitchen equipment and more from its San Francisco headquarters. A Twitter statue of a bird sold for $100,000 on Wednesday, according to news agency AFP.
Twitter’s ‘surplus corporate office assets’ online auction, which lasted for more than 24 hours, also featured a 10-foot neon sign in the shape of Twitter’s new logo, and was awarded $40,000. Heritage Global Partners Auction. service check
Among the 631 lots were espresso machines, ergonomically correct desks, televisions, bicycle charging stations, pizza ovens and decorative plant pots in the shape of an “@” symbol, according to AFP.
A spokesperson for Heritage Global Partners told Fortune last month that “this auction has nothing to do with their financial situation.” The auction house did not immediately respond to inquiries sent after business hours.
But the extra cash would be welcome for Musk, whose company is trying to cut costs significantly and whose inability to pay rent on another San Francisco address sparked a lawsuit. Bloomberg reported that other offices, including the Asia Pacific base in Singapore, were also undamaged and staff were instructed to clean up and work from home.
Just weeks after acquiring Twitter, he stunned governments and advertisers by laying off about half of its 7,500 employees, raising concerns that the company lacked staff to manage content.
Last December, Musk said Twitter’s drastic cost cuts had corrected the company’s dire financial situation as it began a search for a new CEO for the troubled social media platform.
He says his strategy is to significantly reduce costs while increasing revenue, and a new $8 subscription service called Twitter Blue will help him achieve that goal.