Real Estate Auctions by Keenan Auction Company
Keenan Auction Company Inc.
1 Runway Rd.
So. Portland, Maine 04106
Tel: (207) 885-5100
Email: info@keenanauction.com
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> To speak with an auction representative call 207-885-5100 or email to info@keenanauction.com
SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo
Box 1 of 4 Yarn Bundles (8 Yard Skeins)

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo
Box 2 of 4 Yarn Bundles (8 Yard Skeins)

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo
Box 3 of 4 Yarn Bundles (8 Yard Skeins)

SEALED BID OFFERING - PATERNAYAN TRADEMARK - RE: ASSETS OF MAINE TEXTILES INTERNATIONAL,  LLC Auction Photo
Box 4 of 4 Yarn Bundles (8 Yard Skeins)

20 Boxes of Yarn Bundles (1/4 LB Hank)
20 Boxes of Yarn Bundles (1/4 LB Hank)

More images...

Auction 20-42

SECURED PARTY'S SALE BY
PUBLIC SEALED BID ENTIRETY OFFERING

PATERNAYAN & PATERNA TRADEMARKS, DOMAIN NAME,
COLOR FORMULAS/STANDARDS, COLOR CHARTS
& YARN INVENTORY
RE: ASSETS OF MAINE TEXTILES INTERNATIONAL, LLC *************************************************

SEALED BID DEADLINE: MONDAY, OCTOBER 26, 2020 at 1PM (ENTIRETY BIDS ONLY)
*************************************************

SEALED BIDS WILL BE OPENED AFTER 1PM AT KEENAN AUCTION COMPANY, 1 RUNWAY RD, SO. PORTLAND, ME
************************************************* PREVIEW: FRIDAY, OCTOBER 23, 2020 FROM 10-11AM OR BY APPOINTMENT AT 1 RUNWAY RD, SO. PORTLAND, ME

VIEW & DOWNLOAD SEALED BID PACKAGE VIEW PACKAGE


THE HISTORY OF PATERNAYAN:

In 1916, Harry and Karnig Paternayan arrived in New York with an extraordinary knowledge of oriental rugs and tapestries. To practice their trade as they’d learned it, however, they would need to develop a wool yarn of the quality, durability and lustrous color they’d known in their homeland. The result of their efforts was Paternayan Persian yarn, a revolutionary 3-ply twist of 100% imported virgin wool.

Harry and Karnig found a unique breed of sheep grown only in New Zealand whose lambs produce an especially soft, especially white, and especially long-fibered wool. They began dyeing and marketing this lustrous, sturdy woolen yarn in 430 colors that created a worldwide following in the needle arts, crafts and rug markets.

Paternayan yarns are recognized worldwide by everyone from Mid-Eastern potentates to scholars at The Metropolitan Museum of Art, as the world’s richest and most colorful.

THE FOLLOWING ASSETS ARE PROUDLY OFFERED BY SEALED BID IN THEIR ENTIRETY:

GENERAL INTANGIBLES:

• FEDERALLY REGISTERED TRADEMARKS: PATERNAYAN & PATERNA

• DOMAIN NAME: www.paternayan.com

TANGIBLE ASSETS:

• 1/4 LB HANK YARN BUNDLES ~ 20 BOXES, TOTALING APPROX. 2,799 INDIVIDUAL HANKS (VARIOUS COLORS)

• 8 YARD SKEIN YARN BUNDLES ~ APPROX. 432 BOXES (VARIOUS COLORS, APPROX. 10 SKEINS PER BOX)

• SMALL BOX OF PATERNAYAN STITCH TECHNIQUE BOOKLETS & PATERNAYAN COLOR CARDS

• COLOR FORMULAS/STANDARDS ~ APPROX. 418 COLORS

*************************************************
TERMS & CONDITIONS:
SEALED BID DEADLINE: Monday, October 26, 2020 at 1PM. Bids may be mailed or hand delivered to: Keenan Auction Company, 1 Runway Rd., So. Portland, ME 04106 on or before the bid deadline. All bids subject to confirmation of seller.

DEPOSIT: Each sealed bid must be accompanied with a deposit of 10% of the bid amount (non-refundable if bid is accepted) and made payable to Keenan Auction Company, Inc. Unaccepted bid deposits will be returned via U.S. Mail on Tuesday, October 27, 2020.

CLOSING: The balance of the accepted bid price will be due on or before Friday, October 30, 2020 in Cash or Certified US Funds, made payable to the Keenan Auction Company, Inc.

WARRANTY: Bidder acknowledges that the assets are being sold on an “as-is, where-is” basis and that no guarantees are being made as to the genuineness, authenticity of, or defects in the general intangibles, and tangible assets, and that the auctioneer and seller are not responsible for discrepancies or inaccuracies. Bidder acknowledges that bidder has had the opportunity to review the sealed bid offering and that it is being offered on and “as-is, where-is” basis.

DEFAULT: In the event the Purchaser fails to pay the whole of the purchase price within the time set forth by the Seller, and/or fails to comply with any of these Terms and Conditions of Sale, the Seller may retain the deposit specified, and in addition thereto, the items can be resold at public or private sale without further notice. Any deficiency resulting from such resale shall be paid to the Seller by such defaulting purchaser. Purchaser agrees to pay any and all charges and expenses incurred by reason of any breach of the Terms and Conditions of Sale, including without limitation reasonable attorney's fees.

PLEASE NOTE: All bids are subject to confirmation of the Secured Creditor. By submitting a sealed bid, you have entered into a written, binding contract agreeing to the Terms and Conditions of Sale, and understand that any bid you submit falls under the Maine Auction Law, Title II, Section 2-328 of the Uniform Commercial Code, and the Statute of Frauds. Maine auctions are under the jurisdiction of the State of Maine Department of Professional and Financial Regulations, Board of Licensure of Auctioneers, 35 State House Station, Augusta, Maine 04330. If you do not agree with the Terms and Conditions of the Sale, please do not bid.

If you should have any questions, please contact our office at (207) 885-5100 and request Sealed Bid #20-42.

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