123Mountain’s Frisco store inventory sells for $56,000 at Summit County sheriff’s auction
August 1, 2016
The seized inventory of former outdoor retailer 123Mountain brought in a sum of $56,000 at a Summit County Sheriff's auction on Friday. Interim Sheriff Jaime FitzSimons said the auction, located at Breckenridge Mini Storage, ended after just 15 minutes.
"It was fast," he said.
Of the four bidders, online retailer KnuKonceptz.com, Ltd. gave the highest offer. The e-commerce site describes itself as a provider of home and mobile audio accessories.
The minimum bid on the bulk sale was $31,530.62, for a large inventory of high-end ski gear and snow sports items. The sale will satisfy a debt owed by 123Mountain owners Olivier and Anna Sofia Goumas to a web developer who claims he was never paid after rebuilding their e-commerce site.
"It's almost like you see on the Storage Wars shows," he said. "The people who bid have the right to inspect it, then we hold the bid."
123Mountain maintained a Frisco storefront for just under a year, before they were evicted after failing to pay several months' rent. The store previously held a location at the base of Copper Mountain, but also faced eviction for similar reasons. 123Mountain's former storefront in Frisco now hosts a property management firm.
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In March, the store's assets were seized in order to satisfy outstanding debts to Ohio-based web developer Greg Gantzer, who said the company owed him more than $30,000.
"While I don't expect to recover any monies, I do feel this may have finally put a stop to the nonsense that the skiing community has endured for years," Gantzer said in a previous interview. "This is the biggest sale 123Mountain will ever have had."
Following the seizure, the Colorado Attorney General's office investigated hundreds of complaints against 123Mountain. The majority stemmed from 123Mountain's online sales, with customers receiving the wrong item, or having orders postponed for months without refund. The Better Business Bureau gave 123Mountain and "F" rating for the number of unresolved complaints.
The Summit County District Court ruled in favor of the Attorney General's Office, granting an asset freeze and ex parte restraining order that effectively prevented 123Mountain from continuing online sales. Court documents reported the restraining order was granted to prevent ongoing violations of the Colorado Consumer Protection Act (CCPA).
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