New York, NY (February 20, 2004)–The Toy Specialists, a leading NYC area studio equipment rental company for the past 20 years, has announced it’s going out of business. Owner Bill Tesar decided to call it quits at the close of 2003, facing down a difficult business climate for the rental business influenced by decreasing recording budgets and increasing digital audio production. Tesar hopes to sell off the company’s extensive collection of vintage analog and modern digital equipment at an all-day auction, slated for Thursday, February 26 and held both on-site at The Toy Specialists 599 11th Avenue location as well as online at www.toyspecialists.com, handled by BidSpotter.com.
“We’ve been in NYC for 20 years, and were very successful for many, many years, but there’s just not enough business anymore,” stated Tesar. “There aren’t enough recording studios left that are actually renting equipment, because everything’s being done in Pro Tools with plug-ins.” Tesar also asserted “the biggest factor affecting a rental company like Toy Specialists is that these recording budgets have been slashed dramatically. It used to be that on a big project, there might be a $30-40,000 budget just for rentals. Now the entire budget is $30-40,000. So, I decided after doing this for 20 years and having a good run for about 18-19 of them, that it’s time for me to move on.”
For sale at the auction, which “will begin at 9am on the 26th and continue until everything’s gone,” is a variety of vintage tube equipment, Pro Tools HD systems, all manners of tape machines, outboard gear, PA equipment, MIDI equipment, keyboards, according to Tesar. “People can come and view the equipment the day before, on February 25,” added the owner. “We have about 3,000 items we’re auctioning. We could build half a dozen studios with all the equipment we have here.”
For more information about next week’s auction, please visit The Toy Specialists’ web site at www.Toyspecialists.com.