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Point Lookout estate auctions off all assets on property

By Kendra Caruso and Fran Gonzalez | Aug 07, 2020
Photo by: Kendra Caruso A man holds up his card at Point Lookout to bid on the main building, which he won for $21,000, during the Aug. 5 auction.

Northport — Over 100 people gathered at Point Lookout Wednesday to bid on anything in the main building that was not bolted down, as well as buildings and other structures on the property. Thomaston Place Auction Galleries ran the event.

The outside event had online, phone and in-person bidders, most of whom were bidding from home over the internet. The owners made over $500,000 at the unreserved liquidation auction, according to Thomaston Place Vice President and auctioneer John Bottero. An unreserved auction is when items sell for whatever is bid, with no required minimum.

The 387-acre site at 67 Atlantic Highway (Route 1), owned by Deep Creek Grazing Association Inc., consists of several tracts, assessed in total at $11,651,700, with personal property assessed at $1,216,600, according to Northport's 2019 tax commitment books. There were over 800 items or grouped items sold, including buildings, Bottero said. Owners Tami and David Hirschfeld were not seen at the auction.

Bottero said he thought the auction went well. Most of the people who bought items were former MBNA employees or people who had had weddings at the location. He said allowing them to take home memorabilia from the place was a fitting way to honor the property.

“I feel that overall this was a success,” he said. “I think everyone will walk away closing this chapter with dignity.”

The bowling alleys were sold in pairs. The first two lanes were sold for $2,900, the second set for $2,650 and the final two sets for $2,500 each. The high wire obstacle course sold for $700 and the low wire course for $500.

The main building sold for $21,000 and the cafe went for $5,500. The outdoor pavilion, where the auction was held, sold for $2,200 and the gatehouse for $3,000. The picnic pavilion, without the picnic tables, sold for $4,000. The builder's model, a replica of the property that was displayed in the main building, sold for $400.

Bottero said the most iconic Point Lookout items were three taxidermy moose. The cow moose sold for $1,600 and the bull moose for $4,500. The moose head sold for $2,400. Paintings and prints saw some of the most bidding action, but were not the highest-earning items.

In June of last year, as previously reported, the Hirschfelds, principals of Deep Creek Grazing Association Inc., announced plans to close the facility by the end of the year. Later they said that after months of hand-wringing, worry and considering options, they were offering a portion of the property for lease.

The closure decision was prompted by a months-long study by Pinnacle Advisory Group, which took an in-depth look at the business and its financials. The study results were “scary” with regard to the financial resources the couple would need to keep the location afloat, David Hirshfeld said.

The couple previously said they struggled with the idea of closing the venue, which they had initially hoped would be their new home. The Hirschfelds currently live in Camden, in a home they purchased 14 years ago as a vacation spot from Montana, where they used to live.

All items and buildings on the property sold except the cabins, which are listed with Camden Real Estate, and a few model ships, which will be sold at Thomaston Place Auction Galleries Aug. 29 and 30. A full list of items sold and their sale prices can be found here.

A taxidermy moose bid upon at Point Lookout during the Aug. 5 auction on the property. (Photo by: Kendra Caruso)
A man bids on an item at Point Lookout during its Aug. 5 liquidation auction. (Photo by: Kendra Caruso)
A woman notes an auction item at Point Lookout during its Aug. 5 liquidation auction. (Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
A builder's model of the Point Lookout resort. (Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
Point Lookout's contracted Marketing and Sales Representative Melissa Buckingham. (Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
(Photo by: Kendra Caruso)
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