Published: 06/10/2022 11:42:11
ORANGE – Twenty-nine high-end vehicles, most of which once belonged to a New Salem man arrested in August 2020 and found dead in an abandoned Holyoke warehouse two months later, have been auctioned off at the municipal airport in ‘Orange on June 4, generating approximately $2.5 million.
The auction included 13 Toyota Supras, a sports car made famous by “The Fast and the Furious” film franchise. There were also eight BMW M3s and two each of the Honda S2000, Mitsubishi Lancer Evolution and Nissan 350Z.
The Northwest District Attorney’s Office had seized a total of 37 cars, worth more than $1 million, from Cory A. Taylor, 41, who was arrested in Pelham following a a traffic stop on August 21, 2020. State police reportedly found approximately 138 pounds of marijuana in the van he was driving. Taylor was released on bail the same day, but authorities later seized a cache of 24 illegal firearms from him, more marijuana and millions of dollars in cash found in built-in compartments in buildings he occupied. , including a former fire station on Main Street in Holyoke. No foul play is suspected in his death.
After the auctioneer’s commission and other expenses, the district attorney’s office receives $1 million and state and local law enforcement agencies an additional $1 million. This forfeiture money is governed by state law, which says it can be earmarked for extended investigations, technical equipment, or expertise, as matching funds for federal grants. and other initiatives the district attorney or police chiefs deem appropriate, including prevention initiatives, according to Laurie Loisel, spokeswoman for the district attorney’s office. The money cannot be used for operating expenses.
The district attorney’s office used Stanley J. Paine Auctioneers to sell most of the seized vehicles. Bidders came from across the country, seeking to secure a portion of the coveted collection. Great interest was apparent with the rapid rise of the bidding cards, while auctioneer Stanley J. Paine spoke hastily to keep pace.
“Come on guys, we’re running out of cars here!” he said happily to the crowd. “You need to start bidding! … It’s only money! The more you spend, the more it’s worth!”
Vehicles sold from around $40,000 to over $200,000. Adam Elaza, president of Brooklyn, New York’s Brooklyn Auto Sales, traveled across the state to be one of the highest bidders of the day.
“I’ve known about the collection for a while,” he said of his reason for traveling.
He estimated he spent between $500,000 and $600,000 on a total of five vehicles on Sunday, including $195,000 for a Toyota Supra.
“It’s just something I grew up in,” he said of his passion for cars.
Elaza said he plans to resell some of the cars and keep others for his personal collection.