I don't like to report awful news, but if you're active in the collector car world it's sometimes important to know these things. In this case, the Auctioneer's Commission of the State of Indiana has revoked the auctioneer's license for Kruse, Inc. in response to allegations that the auctioneer failed to promptly pay sellers of classic cars.
Corvette Market magazine relayed a story in the Greater Fort Wayne Business Weekly detailing the action. The auctioneer, Dean Kruse, said that almost all the sellers have been repaid, but with 70 counts of failure to pay, the Commission rejected more lenient penalties.
So what does this mean? Kruse may be able to continue doing business in other states, but the company's website has no auctions scheduled at this time. But as fast as word gets around in the collector car community and as long as a blot like this hangs around on someone's reputation, it's likely to be a while before Kruse can find sellers willing to trust them again. In this business, reputation is everything.
The take-away lesson for Corvette enthusiasts is just this - be careful whom you trust when it comes to selling your Corvette, or any car.