PC Builder Auctions Shares Worth $1 Million After Bankruptcy Shortly After Controversial Raffle Live Streams


Artesian Builds has just declared bankruptcy shortly after hosting a “controversial live raffle” in which its CEO made some questionable decisions. The company will hold an auction for its hardware on Zoom.

PC Builder Company Auctions Nearly $1 Million in Stock

As reported by Gamer on PC, hardware expected to be auctioned includes power supplies, processors, GPUs, storage devices, motherboards, and “even partially built PCs.” There will be plenty of gear up for auction with bids starting at a minimum of $5,000 or more.

According to the story of Technological point, the company reportedly has nearly $1 million in stock. The auction should attract other PC builders instead of targeting the everyday consumer.

Despite bankruptcy, the company has a $1.37 million prebuilt gaming PC order sheet

Artesian Builds published a Twitter mail to announce that the company has gone bankrupt and is auctioning off its inventory. The tweet invited interested parties to bid for the bankrupt company’s remaining supply.

A former Artesian Builds employee ends with “hundreds of open orders for pre-built gaming PCs as some customers are still trying to get their money back. $1.37 million.

The company also wants to auction off customer names and emails

In addition to hardware, Artesian Builds will also auction off its intangible assets, which include its business and domain names and even the list of around 1,000 influencer names and emails. Artesian Builds also sells its brand at auction.

The bankrupt company will auction off a customer list of around 10,000 names and emails of buyers that it has amassed over the past three years. The information, however, is still subject to the requirement of appointment and review by a special consumer privacy ombudsman before the listing is put up for auction.

How Artesian Constructions Treated a Small Streamer

As described by Tech Spot, there was one particular event that kick-started the company’s downward trajectory. One of Artesian Builds’ PC build live streams announced that the winner of its affiliate streamer’s PC giveaway was Kiapiaa.

Noah Katz, the CEO of Artesian Builds, however, decided to withhold the award because Kiapiaa only had less than 5,000 social media followers. He then decided to “purge” the streamer from the competition, saying the person had been an ambassador for three months but hadn’t brought back a single click.

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Small Time Streamer took him to Twitter to share the story

Kiapia obviously decided not to keep quiet and posted a thread on Twitter explaining how the company doesn’t care about little streamer ambassadors. Despite having less than 5,000 social media followers, the thread was able to gain 32.8,000 likes on Twitter.

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This article belongs to Tech Times

Written by Urian B.

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