The premises of bankrupt Czech arms maker Zbrojovka Brno were sold at a record CZK 707 million at today’s auction which has thus become the biggest auction in Czech history.

Below is a survey of the biggest auctions of property in the Czech Republic.

CZK 707 million - Jan 31, 2007 - Investment group J&T buys premises of bankrupt Czech arms maker Zbrojovka Brno. Starting price was set at CZK 352 million.

CZK 465 million - Dec 1, 2005 - TSR Czech Republic, a subsidiary of German concern TSR-Recycling buys property of bankrupt MS-Unikov Ostrava (former Kovosrot). Starting price: CZK 180 million.

CZK 354.9 million - June 7, 2002 - OMV buys 36 Petra filling stations in second auction. Starting price: CZK 352.9 million.

The first auction of the property took place in Oct 2001 but the winner Eurotank failed to pay the price of CZK 552 million.

CZK 330 million - Dec 16, 2004 - Premises of Teslamp Holesovice in Prague are sold in two auctions, one part at at CZK 125 million and the other at CZK 205 million.

CZK 231 million - June 10, 2003 - Brno’s entertainment and sports complex Boby Centrum is sold to Daniel Sorm. Starting price: CZK 210 million.

CZK 189.9 million - Sept 30, 2004 - Sekyra Group acquires the property of bankrupt company Gotex in Brno. Starting price: CZK 72 million.

CZK 139 million - July 26, 2006 - Railway tracks operator Sprava zeleznicni dopravni cesty (SZDC) sells its office building in central Prague. Starting price: CZK 115.6 million. Name of new owner is not disclosed.

CZK 100 million - May 26, 2004 - Unnamed foreign firm buys property near Wenceslas Square in central Prague. Starting price: CZK 21.5 million.

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Posted: 02|1|07 at 8:05 am. Filed under: Auction News.