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Twitter auctions coffee machines while Elon Musk struggles to pay rent

Twitter auctions coffee machines while Elon Musk struggles to pay rent

The 27-hour online auction is the latest sign of upheaval at the company

Fancy an espresso machine once used by employees of Twitter Inc.? Or a neon screen with the logo? Social media fans have a chance to get their hands on them in a fire sale of merchandise from the San Francisco headquarters starting Tuesday.

The 27-hour online auction, organized by Heritage Global Partners Inc., is the latest sign of upheaval at the company, which billionaire Elon Musk bought for $44 billion last year.

The 631[ads1] lots of “surplus office items” range from the mundane – industrial-scale kitchen equipment and typical office furniture such as whiteboards and desks – to less typical office auction fare, such as quirky signage and more than 100 boxes of KN95 masks. Also in the mix are a range of designer chairs, coffee machines, iMacs and stationary bike stations that can charge devices.

Most of the items, including company memorabilia like a large Twitter bird statue and an “@” symbol sculpture planter, had starting bids of $25. With about 20 hours left in the auction, the neon logo had received 64 bids valuing it at $17,500 – the current highest bid for the lot. The bird statue had 55 bids, pushing the price to $16,000, while the “@” sculpture had 52 bids for a value of $4,100.

Organizers have said the sale is not intended to prop up Twitter’s finances. A Heritage Global Partners representative told Fortune magazine last month that “this auction has nothing to do with their financial position.” The auction house was not immediately able to respond to inquiries sent outside normal opening hours.

Still, more money is likely welcome for Musk, who is trying to radically cut costs at the company and has failed to pay rent on another San Francisco address, which has attracted a lawsuit. Other offices, including the Asia-Pacific base in Singapore, have also not been spared, with staff there told to clear out and work from home.

Twitter, which no longer has a media relations team, did not respond to email requests from Bloomberg News.

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