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Just before turning out the lights at its Monroe Street headquarters, Andersen is holding a garage sale.
On Oct. 1, the disintegrating accounting giant will auction off everything from the cubicles that housed up-and-coming auditors to the furniture from the conference room where the partnership's executives met.
Andersen has hired California-based liquidation firm Great American Group to sell its office furnishings in a series of auctions around the country. New Yorkbased real estate firm Keen Realty LLC has been retained to buy out leases or find sublease tenants for Andersen's oncevibrant, now-vacant offices. And various art galleries and art consultants are selling off the firm's collection of paintings and sculpture.
Andersen is raising funds to cover current and yetundetermined liabilities. While Andersen Worldwide S.C., the umbrella organization for the accountancy's global network, agreed to pay $60 million to settle claims in the Enron Corp. collapse, Andersen still faces financial liability related to Enron and other huge financial debacles such as those involving WorldCorn Inc., Global Crossing Ltd. and Qwest Communications International Inc.
The partnership closed out its public...