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Hudson’s Bay to seek court permission to auction off charter, art and artifacts
Hudson's Bay plans an Oct. 15 auction of its 1670 royal charter and artifacts, with bids requiring public donation and collaboration for preservation, court documents show.
- Hudson's Bay plans an auction of its 1670 founding charter and art collections, with court approval sought for a Sept. 29 hearing and an Oct. 15 auction date.
- The auction follows Hudson's Bay filing for creditor protection in March amid a $1-billion debt and separating the charter from other corporate assets.
- Several bidders, including David Thomson who offered $15 million plus $2 million for consultations, compete with Wittington Investments' $12.5 million bid to donate the charter to public Canadian institutions.
- Heffel will run the sale, Reflect Advisors will act as auctioneer, and all bids must match conditions to keep the charter in Canada with collaborative sharing through exhibitions and educational programs.
- The auction aims to ensure fair value for stakeholders while addressing concerns from governments, Indigenous groups, and historians over preserving the historic charter's cultural significance.
17 Articles
17 Articles
Hudson’s Bay seeks approval to auction off 1670 charter, court filings show
TORONTO -- Hudson's Bay wants to revert to its original plan to auction off its founding charter after more parties signalled interest in buying -- then donating -- the 1670 document, new court documents say.
New court documents indicate that Hudson Bay wants to return to its original plan to sell its founding charter at auction, after other parties have expressed an interest in purchasing and then donating the 1670 document.
The Record
St Catharines StandardHudson’s Bay to seek court permission to auction off charter, docs say
TORONTO - New court documents say Hudson's Bay wants to revert to its original plan to auction off its founding charter after more parties signalled interest in buying and then donating the 1670 document.
The Toronto Star
The Hamilton SpectatorCP Hudson’s Bay to seek court permission to auction off charter, docs say
TORONTO - New court documents say Hudson's Bay will seek permission to auction off its charter after more parties signalled interest in buying and then donating the 1670 document.
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