Twitter's bird statue sells for $100,000 at auction

San Francisco: An auction for hundreds of items at Twitter's San Francisco Headquarters has just ended.

A statue of the platform's famous bird logo has claimed the most expensive item sold, coming in at $100,000 (£81,000).

Viewers online noted that some of the used items were no bargain, as they were selling for more than retail.

The sale comes as owner Elon Musk cuts costs at Twitter following his $44bn purchase of the company last year.

Since taking over in late October, Mr. Musk has laid off around half of the company's 7,500 staff.

He has also ended many of Twitter's perks, such as free meals.

Heritage Global Partners, the auction's administrator, did not publish the auction's final results, but the BBC has collected several prices just before closing.

A 190cm (6ft) planter in the shape of an ‘@’ symbol finished near $15,000 (£12,160).

There was also a custom reclaimed wood conference room table that closed near $10,500 (£8,510).

From its former coffee bar, Twitter sold a high-end La Marzocco Strada three espresso machine, retail $30,000 (24,300), for around $13,500 (£10,940).

On the lower end, Polycom conference call speaker phones were going for about $300.

A still-in-box ergonomic standing desk kit was looking to fetch about the same with two hours left to bid.

But some items seemed to sell for more than their street value - a moulded plywood Eames chair from designer Herman Miller that normally retails for $1195 went for at least $1400.

New: $1,195
Used: $1,400 pic.twitter.com/ahAA9jrISZ

— Ed  (@EdDaWord) January 17, 2023

Mr. Musk tweeted in November that the company had seen a "massive drop in revenue" following the departure of several advertisers.

He also warned the firm could go bankrupt.

Twitter has allegedly failed to pay rent at offices around the globe, including their San Francisco HQ, where their landlord is suing for non-payment.

Nick Dove, a representative of Heritage Global Partners, the company administering the auction, told Fortune magazine the sale had nothing to do with recouping costs for the $44bn purchase, however.

"If anyone genuinely thinks that the revenue from selling a couple computers and chairs will pay for the mountain there, then they're a moron," he said.

SOURCE: BBC