I shot this video of the action at the Willow Point Airfield today around 11:00 AM Central today. Ex HealthSouth CEO Richard Scrushy had a huge cigarette boat, a bass fishing boat, some PWCs, and a golf cart auctioned today by the Sheriff. Tallapoosa County Sheriff Jimmy Abbett auctioned them off on behalf of the HealthSouth shareholders, who have claimed them through winning a lawsuit against Scrushy.
Scrushy once owned this airplane hangar on a private airstrip near the neighborhood of Willow Point at Lake Martin, Alabama.
Here is a shot of the cigarette boat that went for $53,000:
I just missed the big boat’s auction since I went to the Alex City airport and then had to zip down to Willow Point. By the time I arrived the Sheriff was auctioning the Sea Doos. Here is a quick video of the action:
There were probably 50 or 60 people there to watch, and probably another 10 real estate agents. My guess is that about half of those had registered to bid. The Sea Doos and the golf cart went for about $3,000 each.
Also present were some of the lawyers representing the HealthSouth shareholders. Logically, all of the local TV news crews were busy interviewing them. I believe that one of them was Ralph Cook. Here is a video of another attorney, John Haley, being interviewed:
I talked to a couple of the camera crews about the eventual auction of Scrushy’s lake home at Willow Point.
It is easily the most conspicuous home on the waterfront of Lake Martin. Currently the plans are for the Sheriff to auction it on the Tallapoosa County Courthouse steps on November 9, 2009. I don’t expect there to be much bidding going on with it. My guess is that it will go kind of like a foreclosure auction. That is, the entity foreclosing (in this case the HealthSouth shareholders) will put in a minimum bid that will be pretty high. Anyone is welcome to bid above it and buy it but more than likely they will be the highest bidder as they have the biggest stake in it right now.
For everything I have written on Scrushy, see Scrushy Category