Paul Mawhinney is ready to give eBay another shot.
The Record Rama archive of nearly 3 million records and CDs -- billed as the "World's Largest Music Collection" -- is going back up for auction on the site next Wednesday, this time with a starting bid of $100.
That's substantially lower than the $3 million it took to get into the bidding when it was on eBay last month. That auction ended on Feb. 21 with a fraudulent bid.
Since then, Mr. Mawhinney and agent J. Paul Henderson have entertained seven and eight prospective buyers at the Ross store/warehouse, which is currently closed.
"We didn't get an offer that was acceptable to us," Mr. Henderson said. "Some did not meet our minimum, some wanted payment terms we couldn't accept."
There will be a reserve on the eBay auction -- which means the bidder will have to meet an undeclared minimum set by the buyer -- and anyone bidding more than $1 million must be pre-approved. Those individuals also will have access to the database.
The auction will end March 29. Mr. Mawhinney is still hoping the buyer will preserve essential elements of the collection as an archive.
