We are just 24 hours away from one of the most talked about events taking place here in Lubbock. It's the Jonathon Nelson auction, where you will find hundreds of items up for bids that used to belong to the accused embezzler. Nelson is the man who pleaded guilty to stealing more than $77 million from Patterson UTI, a Snyder-based oil drilling company. NewsChannel 11's Suleika Acosta spent the morning taking us inside the bidding process.
Right now Ritchie Brothers Auctioneers are getting ready for Saturday's auction. They are expecting 5,000 people to attend. More than 1,000 items are up for bids - planes, cars, sports memorabilia, art, furniture, farm equipment, just to name a few.
If you would like to bid on the items, you can go to Town and Country Airport to register. You can choose between two different bidder books. The first book is for large items like cars, planes, and tractors. If you choose to bid in this category you will need to put down a $10,000 refundable deposit. The second bidder book is for smaller items like household items, jet skis, and dirt bikes. Those items require a $2,000 deposit. And bidding isn't reserved just for people at the event. Bidders from across the globe can take part through a real time video on the Ritchie Brothers web site.
Remember, the items are still on display today from 8 a.m. to 7 p.m.
Bidding kicks off Saturday at 8 a.m. at Town & Country Airport, 12201 County Road 2500. Parking starts at 6 a.m. There are no admission or parking fees. Anyone who is not bidding is also invited to attend but seats are reserved for bidders only.
To view auction items an get complete auction information (click here).
Complete List of Nelson Auction Items