The historic Nineteenth Century Club hit the auction block at noon Thursday, Jan. 24, during an sealed bid auction by Morris Auction Group.
But as of 5:30 p.m. Thursday, “It hasn’t turned out yet,” said Jeff Morris, Morris Auction Group president.
“We’re still in negotiations – that’s all I can tell you,” he said. “There is no sale at this point.”
Meanwhile, Memphis Heritage’s “Save the 19th Century Club” Facebook page posted the following around 4:30 p.m. Thursday:
Unfortunately the 19 Century Club members took the money over the importance of heritage and history. There were 2 bids one for $550,000 and one for $350,000. The $550,000 bid was accepted. The purchaser is Sam Zalowitz, a local real estate agent. According to Jeff Morris, the auction firm said the new owner plans to demolish the historic landmark. The other bidder was a non profit organization that planned to restore the mansion. It would become a women’s
business incubator with offices for women owned companies, etc.
We will not give up!!! closing will happen within 30 days.
Keep Watching for more details