Daily News: July 16, 2013

Rhythm & Hues Assets for Auction by Tiger Group

Bidding is now underway on a wide range of computer graphics workstations, multimedia displays, Aeron chairs and other equipment formerly owned by Rhythm & Hues in an online sale being conducted by Tiger Group’s Remarketing Services Division.

The Academy Award-winning visual effects company voluntarily filed for Chapter 11 Bankruptcy protection in February 2013 in the California Central Bankruptcy Court following a decline in its volume of work. In March, a federal bankruptcy judge approved the sale of Rhythm & Hues to a wholly owned affiliate of Prana Studios, an animation and visual effects studio. The company is now selling certain items, no longer needed for its future operations.

Bidding on the company’s former assets at www.SoldTiger.com will close in rapid succession, live auction style, on July 24 at 10:30 a.m. PST. A preview will be held at 2100 East Grand Ave., El Segundo, on Tuesday, July 23, from 10 a.m. to 4 p.m.

“The deep quantities of quality computers and office furniture make this an ideal sale for both individual buyers and large companies to make some great purchases. With hundreds of identical computer workstations, hundreds of matching Aeron chairs, hundreds of matching desks, and more, companies participating in this sale can completely outfit a new office or do an office makeover,” said Jeff Tanenbaum, president of Tiger’s Remarketing Services Division.

For a full description of the inventory and other auction details, visit: www.SoldTiger.com.