In a fire sale of items from the social media company's San Francisco headquarters that began on Tuesday, fans had the opportunity to purchase goods from Twitter.
The 27-hour online auction was conducted by Heritage Global Partners and is the most recent indication of change within the business, according to The Straits Times.
Some Items Are On Sale For Thousands Of Dollars
Elon Musk took over Twitter in October, and since then, the company has been in turmoil as he has aggressively reduced expenses, fired half of the full-time staff, and looked for new revenue streams.
Currently, the company is disposing of remnants of a barely-gone period in Bay Area tech by auctioning off surplus corporate assets from its San Francisco headquarters.
The collection harkens back to a more affluent period when Twitter's tastes reflected its reputation as a popular tech employer, even though the online auction does not portend Twitter's demise.
The 631 lots of "surplus corporate office assets" include commonplace items like whiteboards and tables and industrial-scale cookware
The auction also includes unusual items that are not typically found at office auctions, such quirky signage and more than 100 boxes of KN95 masks.
Additionally, a variety of designer chairs, coffee makers, iMacs, and stationary bike stations with appliance charging ports are all included in the mix.
Moreover, a bird statue, a six-foot decorative planter shaped like the "@," five La Marzocco espresso machines, and a blue electric light show like the Twitter bird emblem are among the items up for sale.
The auction also offers a Knoll womb chair, Eames molded plywood lounge chairs, an Erik Jørgensen Savannah two-seater sofa and a 23-foot long custom wood conference table, The New York Times writes.
Read More: US Judge Tells Laid-Off Twitter Users To Stop Pursuing Class-Action Lawsuit Claims
Heritage Global Argues That The Auction Has Nothing To Do With Twitter's Financial Situation
More bidders have registered to participate in the auction online than at any other time in the company's 90-year history, according to Ross Dove, chief executive of Heritage Global.
He claimed that the number of registered bidders had "shockingly surpassed" even that of earlier prominent auctions, like those that sold off things from Enron, Solyndra, and Drexel Burnham Lambert following their dramatic failures.
After Tuesday's opening bids and Wednesday's closing bids, Dove predicted that the auction would bring in around $1.5 million for Twitter.
However, as a spokesperson of Heritage Global Partners stated in December, "this auction has nothing to do with their financial position," the organizers have stated that the sale is not designed to support Twitter's finances.
Yet Elon Musk, who is seeking to drastically slash costs at the company and has neglected to pay rent for another San Francisco property, drawing a lawsuit, is probably happy to receive extra money.
It is important to note that its Asia-Pacific headquarters in Singapore and other locations have also been affected.
Additionally, the personnel there have also been advised to vacate the premises and operate from home, The Straits Times reports.
Related Article: Twitter Might Auction Popular Usernames Off, Reports Say
