Twitter auction: Musk auctions office items like Twitter logo, coffee machines to pay rent; bird logo statue fetches $100,000

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Would you like to own the world’s most famous blue bird? The price is just $100,000.

Hundreds of office items have been sold off by Twitter in a 24-hour online auction. The auction organised by Heritage Global Partners included the iconic blue bird logo, and “surplus office assets” like state-of-art kitchen appliances, printing equipment, a fizzy drink fountain (plus ice dispenser) coffee tables, La Marzocco espresso coffee machines and designer sofas, as well as more avant-garde items such as 100 boxes of KN95 masks.

According to a BBC report, the most expensive item sold was the blue bird logo statue at a whopping $100,000. The second most pricey item auctioned, was the 10-foot neon Twitter bird display that was sold off for $40,000.

Heritage Global Partners have refuted the idea that the auction took place to bolster the microblogging platform’s dwindling finances. The asset advisory firm’s representative told Fortune magazine, “auction has nothing to do with their financial position.” However, rumours are rife that this auction is just another step taken by Musk to make up for Twitter’s dire financial straits.

The entrepreneur who bought the microblogging platform for $44 billion, last year, has been on a crusade to curb expenses. From firing over 7,500 staff to removing employee perks such as free meals, Musk is on a mission to cut down costs.

According to a Bloomberg report, the billionaire is struggling to pay rent for the tech titan’s office spaces. He was hit with a lawsuit for failing to pay rent for the San Francisco office. Employees from other offices like Singapore have been told to work from home as well. The billionaire has also hit headlines for losing a vast amount of wealth, nearly $200 billion dollars due to the underperforming Tesla stocks. He also lost his position as the world’s richest man. His fortune went down from $320 billion to $147 billion.

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