Bargain hunters spent $180,000 scooping up office furnishings and video-game equipment formerly belonging to 38 Studios LLC at the company's Maryland bankruptcy auction Monday, the court-appointed receiver in the case announced yesterday, Providence (R.I.) Business News reported. The first of two auctions scheduled to liquidate 38 Studios’ modest physical assets, the Oct. 16 sale outside Baltimore saw approximately 950 items purchased, including furniture, computers, video-game consoles and other trappings of the defunct game-maker. The proceeds of the auction will go to offset 38 Studios’ $150 million in outstanding debt, with the majority going to the state of Rhode Island to offset the liability of a $75 million loan guarantee made granted the company in 2010. An auction of 38 Studios’ items at its Rhode Island headquarters is scheduled for Tuesday, Oct. 23 at in Providence.
