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Thousands cram into Enron auction

Enron's European reception furniture -- including bar stools -- is up for sale  

LONDON, England -- A number of shredding machines belonging to collapsed energy giant Enron are sure to attract attention at an auction of the company's property in London.

Over the next three days, the entire 15 million ($21 million) contents of the firm's London offices will go under the hammer.

More than 9,000 lots are being sold by UK auctioneers Bache Treharne, and DoveBid of California, at the company's luxurious former European headquarters, overlooking the grounds of Buckingham Palace.

Over the past four days of public viewing, thousands have packed into Enron House and there has been one hit every five seconds on the auction Web site.

In-Depth: The collapse of Enron Europe
More news  from our European edition

Last week, many members of the public were turned away as crowds swelled to unmanageable levels.

Although there is space in the auction room for only 2,000 people, the sale is being broadcast live over the Internet to allow bids from across the world.

The auction is taking place on the instruction of PriceWaterhouseCoopers, the joint administrator of Enron Europe.

Fifty plasma televisions and a range of executive furniture from Enron Europe are up for sale in the auction.

Eyecatching artwork commissioned by Enron is included in the auction  

The contents also include the 33ft maple veneer and walnut boardroom table, which splits into eight pieces and seated over 30 people. It is expected to fetch in excess of 20,000.

Artwork commissioned by the company is also up for sale.

Restaurant equipment from the Enron cafeteria and exercise equipment from the company's state-of-the-art chrome and graphite gym had been due to go under the hammer, but was withdrawn from sale at the last minute.

Spokesman Nigel Pipkin said he was unable to explain the reason for the withdrawal. "I can say, however, that it is nothing untoward," he told CNN.


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