Grand Royal Internet Bankruptcy Auction

(CelebrityAccess News Service) – Grand Royal record label, shut down since August 2001, has resurfaced for sale in a bankruptcy auction on the Bid4Assets Web Site. Bids can be placed on the record label now through January 22, 2004, at 3:00 pm ET at www.bid4assets.com/grandroyal.

Among the assets up for auction include master recordings, licensing agreements and miscellaneous merchandising agreements. More details are available online. The minimum bid is $10,000. Interested parties can contact Bid4Assets with any questions by sending an email to service@bid4assets.com.

"The bankruptcy trustee for Grand Royal selected the Bid4Assets Web Site based on its ability to sell assets quickly, efficiently and to the right buyers worldwide," said Jenny Lynch, Bid4Assets vice president of marketing and corporate-wide communications.

Grand Royal was founded in 1993 by the Beastie Boys. Its first released album was Luscious Jackson's In Search of Manny. Grand Royal also released albums from Atari Teenage Riot, Ben Lee, Sean Lennon, Bis, Buffalo Daughter and Money Mark. –Jane Cohen and Bob Grossweiner

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