Petroleum Club of Houston, No Reserve Auction

Houston, TX, October 27, 2014 --(PR.com)-- Petroleum Club of Houston, Auction

Thursday, November 13 @ 6:00 pm

Lewis & Maese Auction Company LMAuctionCo.com

Location
800 Bell St..
Houston, TX 77002
43rd Floor

Preview Times:
Preview Entire Auction Catalog at lmauctionco.com/November2014.php
Monday, November 10th, 2:00 PM - 4:00 PM
Tuesday - Thursday, November 11th - 13th from 2:00 PM - 5:00 PM
Preview is free to the public

Registration:
In-House registration will begin at 4:00 PM Thursday, November 13th.

A $30 per person non-refundable ticket is required and will include Chef's fare.

The contents of the Petroleum Club that will not be moved to the new space will be auctioned.

The auction will aim to sell much of the contents of the club, which has been in its current location for more than 50 years. Some of the items include a 21-foot tall tapestry created by Houston artist David Adickes, most of the club's furnishings and the club’s wood paneling.

The tapestry, by David Adickes, will be one of the auction items. The eight-piece tapestry created to represent a geological cross-section of Texas has hung in the main ballroom of the Petroleum Club of Houston since it opened on the 43rd floor of the Exxon Mobil building in 1963.

Auctioneer David Lewis, whose company Lewis and Maese also handled the 2013 auction for the Houston Club, said the tapestry has been appraised at around $100,000.

"If it brought $50,000 to $60,000, I wouldn't be surprised," he said.

Another auction will be held at a yet-to-be-determined date in January for kitchen equipment.

About the Petroleum Club
The Petroleum Club dates to 1946, when it was established by a group of Houston oilmen. Its first president was R.E. "Bob" Smith.

The club's long-held lease at the top of 800 Bell expires next year, and the building was recently sold. Exxon Mobil parted with the building after announcing plans to move to a new corporate campus just south of The Woodlands.

The building's new owner, San Francisco-based Shorenstein Properties, is planning a sweeping renovation to the 1.2 million-square-foot property. The Petroleum Club hoped to stay put, but due to the planning of a lengthy renovation that would leave the club without a home for several years, board president Tommy Edwards said during a reception for the new club at its existing space.

The Petroleum Club has more than 1,200 members, including 150 to 175 "young professionals" under age 40. Despite its name, the club is no longer just for energy professionals. The club has grown from exclusively oil industry professionals to include those in the legal, business, medical, diplomatic and academic fields. It has hosted countless energy industry events, weddings and lunchtime business meetings where deals were made on handshakes alone, is moving out of the Exxon Mobil building after 50 years and into a new home a few blocks away.

The club will remain downtown, planning to open its new facility in January on the top floor of 1201 Louisiana across from the Hyatt Regency. It is leasing 30,000 square feet in the 35-story building, also known as Total Plaza.