Rock & Republic Auction a Hit
The asset auction of luxury cars, jeans and sewing equipment once owned by Los Angeles–based denim brand Rock & Republic was a hit, according to Great American Group LLC, the Woodland Hills–based asset-disposition and appraisal company that conducted the auction. The sale drew more than 500 registered buyers and a standing-room-only crowd for the July 26 auction, according to Great American Group, which described it as one of its most popular auctions held. Among the auction highlights was a 1965 Shelby Mustang GT 350 SR, which sold for $141,250. Rock & Republic filed for bankruptcy protection last year. Earlier this year, the brand was acquired for $57 million by Greensboro, N.C.–based VF Corp., which inked an exclusive licensing deal for the Rock & Republic label with Kohl’s Corp.
