There is currently going on in Taunton, Massachusetts at 2 Galleria Drive an auction, which is one of the largest held in recent memory and the items include all of those which were inside the Waldorf Astoria before its current rehab started. The sale is being held by Kaminski Auctioneers of Beverly, Massachusetts.
https://auctions.kaminskiauctions.com/viewuserdefinedpage.aspx?pn=waldorf-astoria-auction
This is the largest auction held – so far. The auction which held that title, until Kaminski came along with the Waldorf Astoria auction was the one which sold items from the Park Plaza Hotel, which was owned by Donald Trump. He went bankrupt, so the hotel and its contents were auctioned.
Trump purchased the hotel in 1988 and paid some $400 million plus. It was purchased in its bankruptcy in 1995 for some $325 million. It was sold by the purchasers in 2004 for $675 million.
Joe Brancatelli wrote an article about Trump and the Plaza Hotel along with his foray into the travel industry March 3, 2016. That article was written when Trump was running to win the Republican primnary for president of the United States .
A quote from that article
“After a series of primary wins on Tuesday, Donald Trump is the man to beat for the Republican Party nomination for president. And as you surely know, Trump voters are enamored of his carefully burnished reputation as a businessman supposedly worth ” in excess of TEN BILLION DOLLARS.”
But like his all-caps boasting on Federal Election Commission financial forms, Trump’s record doesn’t translate to the travel industry. His travel forays over the past 40 years have been a strange brew of missed opportunities, dreadful timing, questionable financial maneuvers, swaggering braggadocio, tear-down-the-competition innuendo and outright failure.”
To read the entire article go to: https://www.bizjournals.com/bizjournals/blog/seat2B/2016/03/joe-brancatelli-donald-trump-travel-deals.html
The article is very enlightening because it talks about the many tries and failures of Donald Trump, some of his bankruptcies and the time he partnered with the Pritzker family in a hotel in New York which was apparently the beginning of the Hyatt chain.
That partnership was fraught with fights, law suits, and more negative stuff. The Pritzkers ended the partnership and they went their separate ways. The Hyatt chain in New York developed eight Manhattan hotels, including the Grand Hyatt while Trump’s own chain over the same period had two New York hotels.
Trump then went into the casino business and, according to this article, left banks, bondholders and other investors holding the financial bag. then came the casino bankruptcies and now Atlantic City, where his casinos were built, is a mess.
And now so is the United States.
The article is a must read if you would like to know the real story of Donald Trump as a business man. What amazes us is that all of this was known before Trump was elected President, yet none of it mattered to those who supported Trump for president.
Most interesting for us was the 1989 purchase by Trump of the Eastern Air Lines Shuttle. A Bettina Blog talks about Trump’s foray into the airline industry by using the work of an African American man who went back and forth from Boston to New York thinking Trump was interested in working with him on a shuttle. In reality Trump was interested in getting into the airlines business on the back of his work leaving him in the dust for all of his hard work and travel back and forth to New York to meet with Trump at his own expense. From our knowledge the man was never compensated and Trump simply took his work and used it as his own.
His history, character and personality prevailed, however and he overpaid for the planes, received a practically destroyed market share and cut costs by putting out “upgrades” of flash rather than actual, substantial, business improvements and of course, he tried to increase his market share by smearing his competitors with unfounded accusations.
It is a “must read” article if you would like to see just how much the United States voters who supported Trump were willing to overlook because they had a candidate who, they thought, would keep and move ahead to ever higher places their identity as “better than”. It is quite a story when you realize by who, for what and how Trump was elected.
This country was founded and became great through slavery. Those fighting the idea trying to move the United States to greatness through other means have constantly had to fight those who didn’t want to put in the work, but wanted an easier, quicker, filthier way to power and riches.
Trump has become a symbol of just how that has been done over the generations. He has also shown just how ugly are those goals and what one has to do to achieve such supremacy over others.
Trump’s pattern of life and its results have been documented, not only in this article by Joe Brancatelli, but in many others.
Today, the conspiracy theories, the lies, the mess, the upheavals all necessary for Trump to maintain in the way he tries to recreate the world in his own image, are all out there. Amazingly, even with history to show the results of following such a person there is still a large percentage of the United States population doing just that and feeling “better than” and justified as they spill and spurt filth, evil, brutality, lies, pain and suffering all over the world.
Make sure you read the article to its end where it points out that while Trump was calling for a ban on Muslims, Trump Hotels were aggressively courting Muslim business with an Arabic-language website.
There are other articles which outline what was happening in “Trump Business World” and they all read very similarly.
They all point to what bigotry can and has produced, yet we still engage.
One of Trump’s most horrendous legacies is his stamp on the United States Supreme Court. He is leaving a nominee who will keep his character, values, his brand of ‘integrity’ solidly enmeshed in the United States through almost everything the Supreme Court does.
That could be changed by the Senate finding its way back to a better, more truthful, more substantial place and vote to not confirm Trump’s nominee, but after watching what happened with the Kavanaugh nomination, that possibility has O% chance of happening. Real, substantial values are hard too restore once compromised and destroyed with others put in their place to achieve specious goals. The United States has not been able to work its way out of the morass it created and refuses to get out of from its beginnings.
A beautiful dream – unrealizable?________________________________________________________________
