Treasure Island Passes Bukat Auction
The pirates have been driven out of a new treasure island on Spring Mountain Road and Streep, and the spoils they have left are already ready to claim ownership.
MGM Mirage, the holding company of the renamed "TI," will auction off Buccaneer memorabilia from a pirate show at the Treasure Island Ballroom on September 29, 2003 from 10 a.m.
Treasure Island Chairman Scott Sibella said items that have been auctioned off have been piled up in warehouses over the past three years, off two pirate ships, on the floor of an arcade, off a resort restaurant and bar.
It was the first auction held by Treasure Island. "We wanted to do it right," said Sibella, explaining the accumulation of original artworks, swords, costumes, trunks, ceramic pots and sculptures.
Many of the costumes from previous pirate shows were donated to non-profit organizations. Other money raised will be used to pay for the new "Siren" show, which premieres on Oct. 26.
"There are some great sculptures. There are two bone chandeliers in the lobby of Treasure Island that have been kept for eight years, and each piece (originally) cost $400,000," Sibella said. It also includes the four main pirate figures from the Pirate Show Trail, which cost $30,000 per piece, he said.
Guy Daylo, one of the auctioneers and the president of Robert Daylo and Associates, who is conducting the auction, warns that neither pirate ship will go on sale on Sept. 29.
Sibella said representatives of major entertainment companies, such as Disney Studios, were expected, but Daylo said most of those present would be local businesses and residents. "Most of the bidders would be ordinary people who just wanted to buy souvenir materials from Treasure Island that they could take with them," Daylo said.
Some local companies, including the Victor Bernhardt Art Association, also plan to bid for the pirate memorabilia.
"We are interested in this artwork. It sells very well," said Victor Bernhardt, the president of a company specializing in reselling artworks. "Everything that is made for a treasure island has a high resale value in our experience. And these are not replicas, but original objects that are made for a treasure island."
On Friday, more local residents than businesses showed up to preview the sale.
Colletta Blum and her husband, Darrell, of North Las Vegas, bought souvenirs from Aladdin, El Rancho and Desert Inn at auction and said they would like to add to their collection. "And I'm building an enchanted garden at home and I thought a treasure chest or jar from Treasure Island would add to my treasure," said Colletta Blum.
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