'Power T' from Knoxville Center Mall sells for $11,100, headed to Apex Bank
The 15-foot-tall Power T from the Knoxville Center Mall will soon have a new home.
The orange object sold for $11,100 Friday night
Matthew Daniels, a University of Tennessee graduate and president of Apex Bank, was the highest bidder out of more than 150 hopefuls. Daniels said Apex Bank has around 50 team members and will be moving into a more centralized location in the near future. He saw the 'Power T' as a great centerpiece for the new building.
"We employ a lot of UT Knoxville grads and we just like the history of it being at East Towne. It's a rare item that hung in one of the larger attractions in Knoxville for a long time."
None of the more than 600 items up for bid was more sought after than the Power T. The item's price hovered around $2,000 for most of the afternoon Friday, until bidding started to gain momentum.
"Bidding was set to close at 5:00 p.m., but any time an item is bid on during the last minute, that item's time gets extended. We had to extend it out until it closed around 6:15," said Jason Deel, co-owner of JD’s Realty & Auction, LLC.
Deel said more than 890 people registered to bid on the mall's 'Lower Level' auction. More than 20,000 bids came in on the items over the course of three days.
“This is the second and final stage that will culminate in a total of five auctions to liquidate the remaining items in the mall," said Natalie Deel, co-owner of JD’s Realty & Auction, LLC.
Additional auctions will include items from the upper level of the mall, restaurant equipment, and the entirety of the old Regal Cinema. Other items listed include tables, power tools, machinery, holiday decorations, office furniture and plants used by the mall in the past.