I was a consultant to the auctioneering company when they “dissolved” Raymark/Universal Friction (formally Rabestos Manhattan, employed up to 3,000 up into the ‘70’s, but down to <200 in the mid-‘90’s): other than some targeted items that were pre-sold and most of the (very large) dust collectors that were bought by an Amish lumber mill, most items went for almost nothing. The auctioneer took a lot of the medical equipment (had a clinic not only for injuries but also for preventative asbestos testing), including an X-Ray machine for his son-in-law’s veterinarian practice. In addition to my fee, I got a commission on some multi-platten presses I negotiated, cleaned & shipped, plus a bunch of old & new metrology items.
Many of the potential buyers were looking for like-new equipment and not interested in anything else. The Amish are realistic, but needed specific items and those needed to be powered by “alternative” methods like the dust collection fans that could be driven by diesels (I’ve seen complete machine shops utilizing hydraulic motors powered by a central diesel-driven pump, and circulation fans equipped with air motors).