July 31, 2013 (COLUMBUS, Ohio.) – Richard & Melissa Kruse announce the expansion of Gryphon USA, Ltd.’s Auction Group with OnlineAuctionUSA.com.

Gryphon Auction Group was formed in 2003 and has specialized in selling commercial assets and real property at live auction from insolvency situations in both state and federal courts.  Over the past 10 years, the business has advanced into simulcast auction offerings and online only auctions.

Kruse began work with online only auction platforms in the late 1990’s in the Washington DC area as an auction consultant to Bid4Assets.com, one of the first online only firms specializing in commercial asset recovery.  Since that time he has worked with various platforms.  The final decision to move forward with OnlineAuctionUSA.com was made at the 64th National Auctioneers Conference & Show last month in Indianapolis.

“Online Only Auctions are becoming more mainstream and this development is going to change how auctions are conducted in Ohio” said Richard Kruse, Gryphon, USA president.

Gryphon auctions can be found at www.onlineauctionusa.com as well as the corporate website for Gryphon USA, Ltd. at www.gryphonusa.com.

About Gryphon

Gryphon USA, Ltd. is a multi-faceted asset management and liquidation firm focusing on the operations and dissolution of single assets through and including entire companies.  Gryphon maintains a receivership and asset management group, commercial auction practice, art, antique and pottery auction group and real property group.  Real estate transactions are managed through Borror Properties Real Estate.